Galves Market Conditions Report – August 2012


Dan Galves
Galves Auto Price List

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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.