Market Conditions Commentary
 
This week from the trading floor - May 14, 2011
by Robert Hollenshead
May 17 2011 10:50AM
I think we set another world record this week.  I sold 557 cars and had to borrow a no-sale from a friend to get home in time for the massage...I sold out...to the walls.  Lane 22 was on fire from bell to bell.  Two times during the day the loal fire company was called to put out the fire. I sold two dealers that were standing in the lane too long.  This lane was smokin' I tell you.  The internet action was retarded.  Four and five colors of Simulcst on line bidding.  Seriously I sold every car in the lane.  Thank you dealers for trusting me.  I love you all.  Without you I have nothing.

It was a red hot market for anything with a good clock and no hits on Car Fax.  The VHR report is frequently wrong and you can't get anything corrected, and buyers will not buy anything for $5,000 off the money with a touch on the report...regardless of what it is.

High price imports are ripping and sports cars are in Springtime mode.  Heavys are back.  Junk is in tax season mode and super action on anything with a good look. 

Dealers tell me that cars are scarce, but once again this week I expect to have over 800 fresh trades.The human vaccum cleaner is on high speed, so don't get in the way or you might get bought and sold too. I will buy any car aywhere in the USA.

My goal this year is 40,000 units and 70% simulcast convesion rate.  We are dedicated to make your trip to Manheim an experience that will make you come back... every week.