Who are these guys?

February 13, 2009

Good Afternoon Dale,

I have been pondering the recent auction activity and for the life of me am at a total loss for the reasoning behind it. It occurred to me that we may be seeing more and more “New Car Dealers” Eg: those whose fortunes have revolved around, primarily, the sale of New Cars. In the current trend towards less new car sales and a spike in used cars, these dealers have been “forced?” to jump in with hands waving at the auction. Unaware that financing, reconditioning, aging etc are all parts of the Used Car Business and are much different than selling a New Car that doesn’t do any of these things.  Just a thought. Ignorance is bliss they say but I just cannot see any rational reason for the current prices.