Market Conditions Commentary (Archive 2013-October)
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
10/31/2013 3:59:29 PM

Once again I want to remind everybody that we are selling in new lanes in Manheim Pa tomorrow.  We are packed for bear and in lane 24 and 25 both lanes beginning at 9AM.  Imports in 25 that cannot be found at any other lane in North America (and they all will be sold).  Lane 24 starts the day with all low mile domestic creamers, slides into mile challenged units and ends the lane with a pile of mile challenged imports that are very hard to find in this critical mass grouping.

  Because we are relegated to this end of the building to sell domestics in the import zone it should create great opportunity to pick off some very attractive buys as I am not going to no sale cars because they are placed in the wrong end of the building, I will be selling everything.  Get on the presale list, break out your proxy brain and dig in. 

More...

by Robert Hollenshead
10/29/2013 1:16:24 PM

Ours lanes have been changed for this Friday in Manheim.  We are now selling bell to bell in lanes 25 and 26.  We are selling 300 low mile Imports in 24 and 300 domestics in 25.  They are all in well-arranged logical order so you will be able to see and bid on exactly what you want without waiting all day for stragglers to pop in.  There is a spectacular grouping of units that can’t be found at any other location in North America…and they all will have a new owner…no no-sales, by early afternoon Friday.

The 300 lane 24 cars and trucks breakdown like this: 100 Domestic cars and trucks in 24 STARTING AT 9AM.  So pay attention Mid-West different time zone simulcast buyers.  The triple D stuff is coming in early.  Don’t be whining later that you missed them, We are starting in lane 24 with Domestics at 9AM.  Travis and Paully will be

More...

by Robert Hollenshead
10/27/2013 4:24:54 PM

It is inevitable this time of the year but this is worse than normal.  This past week is the worst week we have experienced in recent memory which the gas crisis of 1972, 1979, the bank crisis of 1991, 2001, 9/11 2001 and the bank crisis of 2008.  In each of the past instances there was still a market for a good car.  What we have now is free-fall.  It really doesn't matter what you have there is nobody interested.  There is no base line.  There is nobody in the lanes.  It is dead.  The model seems as if time has passed it by.  I sold at the lowest conversion all year, 85%.  MMR is wrong by thousands in most cases especially with cars over $20,000 and units that don't VIN decode which is more than ever before.I felt like I was in jail Thursday and Friday.  I now know what it is like to be a dentist as I was pulling teeth both days trying to get them sold. 

More...

by Robert Hollenshead
10/3/2013 2:10:21 PM

Look at your front line.  Would you slide to a stop and pull in if you were Joe Public?  I already know the answer because I look.  There are a lot of unemotional cars that are long in the tooth because you did what the gurus tell you to do and buy with a formula that excludes cars that look like something you would want in your driveway after July 4th.

 I say  bah-freaking-humbug to that as the only cars in this market that are bring real money and getting sold when they come off the truck are cares with triple Ds .  Stop and think about it and tell me I’m not right.  Good ones, fat ones, units that make you take a double take, get sold right away…don’t they.  Now look at your front line.  You got any? 

If you fall into the category of everyone else you are gagging with grey,

More...