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Spring ain’t sprung.
by
Robert Hollenshead
Jan 21 2012 1:36PM
Spring ain’t sprung.
I was just putting on my Kakis and Chucks getting ready for the first Spring sale on Thursday and Friday but was rudely reminded that there may not be a Spring market. I already know there is no export market. They are all gone. No Ghana, no Nigeria, no Russia, no Kazakhstan, no Costa Rica, no Peru, no UAE, no nothing. There is no evidence across the nation that we will have a regular, and greatly needed junk market for the tax check credit rats. There is no market for anything that falls into the mud category. Mud being all units that are in the factory lanes, picked over slugs with paint, or a hit on Car Fax, or the wrong color, or the wrong, gear etc.. There is zero market for anything with medium miles. There is no market for anything with wild miles. Since they have been going overseas and that is shut down, who absorbs those units? A used car dealer? Forget about it, not happening.
2007-2012 S Class Mercedes? Forget about it. Worthless, and if you are using MMR as your guide, keep Craig’s list nearby. You will be looking for a job as soon as the 60 day turn sets in. And the average LS460? Ha, very funny. If you need to sell, you are in a world of caca and a wave is coming, a big wave.
I don’t like the smell of this market at all. Shallow is not descriptive enough. It’s as deep as the edge of a razor. It ain’t the weather, or a holiday, or a anything else. I am afraid that we are stuck smelling our own feet. The outside market is done. Now you got to sell that 102,000 mile 2008 R Class here, and there is nobody home. What’s it worth now? The high mile RX looks like a high mile Explorer at this point, a pile of poop, not a pile of money.
An exceptional truck or an exceptional anything is one fire. Where are you finding exceptional anything? I know where, in lane 22, but that’s only because we beg, borrow, lie and cheat to pinch them for you, our loyal and year round customers. That’s why when the hammer hits the desk and the unit fell $800 short, I’m selling. Sell, sell, sell is my theory. It ain’t very profound, but it’s the one I am sticking with.
I hope that you guys know that. I blew my brains out yesterday, but I sold everything. The auction sold 38%, I sold 92%. I hope you make money with them…so you come back. That way I have a chance of making up for a disastrous week on the block. I sold 665 units. My priest made money this week than I did.
Pay attention to the action on the lanes this week and tell me if you see anything different. I’ll buy everybody dinner if I am wrong, gladly. Cause if I’m wrong I’ll sell well and make enough doe to do so.
Out.
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