Galves Auto Price List
Used vehicle price dip seen in August was not unexpected, though perhaps more severe than anticipated in certain segments; More expensive models suffered most dramatic erosion w/ Porsche being at front of pack; Close behind were higher end SUVs like Lexus LX570 and Mercedes GL series.
Activity Stronger Lately than it Had Been in August as Dealers Looked to Replenish Inventory:
Expect to see slow but steady softening – may be even more stagnant than usual if people hesitating until elections are over.
We’re Fast Approaching $4 Gasoline and No One Seems to Care:
Full size SUVs and pick-ups are still doing relatively well while econo-cars are holding their own at best.
Expect Remainder of September to Be Much Like Most Septembers, a Slowly Eroding Market:
It does seem that some of sting has already been absorbed and that maybe this September will be bit less painful than usual.