The Wall Street Journal reported on September 9, 2012 the summer rally for new cars is on track. New Car sales well above projections are soaring. The question one must ask yourself is? Are people buying out of neccessity or buying because of incentives from GM, Ford and Chrysler. Today, it was noted that GM loses 49,000 per volt that is sold. How, can you repay bailout money losing 49,000 per unit you tell me. Toyota is noteing a slowdown in the sell of the Hybrid Prisus. Manheim Auction and Marketing reported a decline in the wholesale price of used cars. The Used Car Value Index droped 120.7 or 2.4 per cent. The index adjusts prices for mix mileage and seasonality. This is the 5th straight month of decline. August's month was substantially less than what occured in each of the prior three months. The average auction price for rental cars and risk units slipped again in August. End -of -service units saw lower than expected sales price nationwide.
