Our friends at Black Book are starting to see some softening in the red hot pre-owned truck market. They are not sounding the alarm just yet but today voiced concern that a slowdown may be on the horizon.
This is important as Black Book has editors strategically placed throughout the country. Each monitors wholesale vehicle auctions and update values in 14 truck and 10 car segments daily. Each day, these values are compiled, reviewed and adjusted, making Black Book the most accurate and responsive wholesale data source in the market.
“I’ve traveled to Atlanta and met with their editors and executive management,” says noted industry expert David Ruggles of the Ruggles Report. “Without a doubt, they are on top of the wholesale market unlike anyone else.”
Auto dealers with a high supply of late model, pre-owned trucks may be well served to hold off on purchases until the market shakes out and get aggressive with their sales, pricing and advertising to move these units off their lots.
As indicated above, there is no cause for alarm - yet. But you don't want to find yourself holding the bag.
Read the full article at: http://www.autoremarketing.com/ar/news/story.html?id=10139
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