Market Conditions Commentary
 
I have no ability to prognosticate, none
by Robert Hollenshead
Jun 20 2013 9:36PM

As always it is impossible to predict the market on any given sale day, and today was no exception. I was really looking to kick some ass today, instead I took a whooping.

I liked what we had and we sold 44 % of all dealer cars sold today at the sale.  But it was gruesome from beginning to end.  No action, no hunger, no energy, and no people.  It was a ghost town at the 17545 today.  I walked in at 8:55AM and it looked like a neutron bomb was set off, building was there but no human beings.  We sold everything but without simulcast you could forget about it.  We had a simulcast bid on nearly every car, but the last little bit you need to make a ham sandwich simply was not in the room. 

So if anyone that writes the silliness you read in all the publications that cars a scarce and dealers need cars, discount everything they say from now on by 81% because they smoke dope while looking at charts, they have zero comprehension of the actual market, none. 

I appreciate all the dealers that came and those that were on line.  But I have to tell you the action and prices were abysmal.  It was a real disappointment. 

For Friday we are back like Joe Frazer after the “Thrilla in Manila”, looking for more punishment and acting like today never happened.  I just hope it won’t cause me to get punch drunk like Joe even though it feels like I already am. 

Pay attention to lane 24 because win lose or draw all my hamburgs are going home with a new owner.