Watching Closely to See if Superstorm Sandy Temporary Blip on Market

Galves_Dan2

Dan Galves
Edi­tor
Galves Auto Price List

Octo­ber was dif­fi­cult month and saw what we think will be large per­cent­age of year­ly ero­sion in most seg­ments; Hard­est hit con­tin­ued to be Euro­pean and Asian lux­u­ry seg­ments; Rest of the mar­ket fell pre­dictably w/ excep­tion of some of scarcer seg­ments like full size domes­tic SUVs and mid-size pick­ups.

Click here to read com­plete Galves Mar­ket Con­di­tions report

Demand for UVs Will Invig­o­rate Post-Hur­ri­cane Mar­ket, but May Not Hap­pen for a While:
In short term, expect dimin­ished demand as deal­ers strug­gle to regain lost momen­tum.

High Vol­umes of Vehi­cles at New Jer­sey Ports End­ed Up Under­wa­ter:
Vast major­i­ty like­ly unin­sured and that mar­ket may not recov­er for quite a while.

There is Great Deal of Uncer­tain­ly around Short Term Effect of Sandy:
Will watch close­ly and try not to over-react to what may be tem­po­rary blip in mar­ket.

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