Market Conditions Commentary (Archive 2012-July)
With nearly 40 years in the wholesale automobile business, our founder Robert Hollenshead offers his insights on the market and where it is going -- info to help your business succeed!
by Robert Hollenshead
7/12/2012 8:04:26 AM

Today is the day that I pass the magical number of $40,000,000,000 in cumulative offers to purchase any car on Trade in Marketplace.  It’s now official, it is forty billion dollars in live offers.  Not opinions, live offers.  After analyzing thousands of individual cars and trucks that people want to sell or trade seven days a week we have hit the milestone.  When you stop for a second and think about this, it really is wild.  I appraise and offer to purchase more cars than any entity on earth. If you added up every public dealer group in the country and added up the total of units they appraise in a day, I do at least twice that amount.  Wild.  Now, go tell Dunkin Doughnuts that and see if they still make you pay for the coffee.

Aside from this milestone we still need to look at what is happening in the market and we still need to sell our 700 units this week.

The market is a mess.