Galves Market Conditions Report – August 2012


Dan Galves
Galves Auto Price List

Click here to read com­plete Galves Mar­ket Con­di­tions report

Should be no sur­prise that we are in the midst of pretty steep and per­va­sive mar­ket decline; See decline as being dri­ven largely by lack of retail traf­fic; While this is not an unusual sum­mer­time expe­ri­ence, this sum­mer is par­tic­u­larly bereft of live bod­ies walk­ing into showrooms.

Eco­nomic Fac­tors Dri­ving Con­sumers to Keep their Cars:
Declin­ing mar­ket more severe than in past cou­ple of years, and should con­tinue a while.

Very Late Mod­els and Lux­ury Units Hard­est Hit:
Weaker new vehi­cle sales and increased new vehi­cle sup­ply have begun to raise specter of increased man­u­fac­turer incentives.

There Seems to Be Rea­son­able Num­ber of Deal­ers in Lanes:
But are ultra-selective about what they chase – will buy ordi­nary vehi­cles but only at their price.