February 12, 2018
The stock market took a corrective “beating” this past week and it took it’s toll on the marketplace as well. I cannot remember ever experiencing a good auction in the midst of a strong stock decline. Spokane still managed to sell over 1500 units of 3030 consigned for a near 50% sale. DAA Northwest sold 39% of the trucks offered this week. High dollar, late model trucks in the 30K to 50K range were really soft. Cars and smaller CUVs were once again very good this week.
DAA Seattle registered a 49% sale this week, but again the trucks were the softest part of the marketplace.
I still maintain the market will gain momentum in the upcoming weeks. As the stock market stabilizes, so will folks’ buying habits. There is some pent-up demand out there on the retail side that we have not seen come to life yet.
With a spurt of retail activity, we will all be off and running — trucks and all.
Quote of the Week:
There’s nothing that cleanses your soul like getting the hell kicked out of you. – Woody Hayes