Last week I mentioned dealers who expressed less optimism than their peers about a strong used vehicle market this coming spring. These dealers were saying things like:
"Im taking every used vehicle deal I can. Im not holding out for gross because I believe the supply will be there to replace it. Im trying to get out of what I bought at the high values today."
"The thresholds of high-dollar vehicles, those above $18,000, will be highly volatile. Im running from late model cars like those with high market days supply."
I took the comments as a cause for investigation. I questioned industry analysts and other dealers, asking what they thought about the spring selling season.
Dale Pollak, founder of vAuto, Inc, wants used-car dealers to be aware of the market and the defining effects felt by their fellow dealers across the country that has produced something less than optimism as spring approaches.The Article 3 Reasons for Caution in Used Vehicles As Spring Approaches appeared first on Automotive Digest.