Galves Auto Price List
Octo¬≠ber was dif¬≠fi¬≠cult month and saw what we think will be large per¬≠cent¬≠age of year¬≠ly ero¬≠sion in most seg¬≠ments; Hard¬≠est hit con¬≠tin¬≠ued to be Euro¬≠pean and Asian lux¬≠u¬≠ry seg¬≠ments; Rest of the mar¬≠ket fell pre¬≠dictably w/ excep¬≠tion of some of scarcer seg¬≠ments like full size domes¬≠tic SUVs and mid-size pick¬≠ups.
Demand for UVs Will Invig¬≠o¬≠rate Post-Hur¬≠ri¬≠cane Mar¬≠ket, but May Not Hap¬≠pen for a While:
In short term, expect dimin¬≠ished demand as deal¬≠ers strug¬≠gle to regain lost momen¬≠tum.
High Vol¬≠umes of Vehi¬≠cles at New Jer¬≠sey Ports End¬≠ed Up Under¬≠wa¬≠ter:
Vast major¬≠i¬≠ty like¬≠ly unin¬≠sured and that mar¬≠ket may not recov¬≠er for quite a while.
There is Great Deal of Uncer¬≠tain¬≠ly around Short Term Effect of Sandy:
Will watch close¬≠ly and try not to over-react to what may be tem¬≠po¬≠rary blip in mar¬≠ket.