There is a definite shift in the market going on and it seems to be just the normal shift that happens every April and May. The sale last week featured a very good selection of consignment. We were light in the dealer attendance and this tells me the retail market was not very good the week before. Our new car stores seem to be having the same number of trades coming.
I think that everyone is being a little cautious with their spending knowing that the tax season has come and gone. I do see an increase in the van market starting to happen. This is happening because of the upcoming summer and van season approaching. There will be a big push from the south with the flooding that has been going on and the need for good clean vehicles. We are expecting a big push in our online sales channels and dealer attendance from the southern states.
This is going to be one of the most interesting weeks in the history of KCI Kansas City. We will have our normal auction that is going to feature close to 1000 units. At noon we will start our equipment, U.S. Marshal and GSA sale. The inventory for the equipment sale will run first from noon until about 12:15pm. Then we will have a special consignment from the United States Marshals. We will be selling a tremendous selection of high-line vehicles and motorcycles. The inventory will also include old signs, tools, mechanical equipment and other interesting items. This auction is open to the public, there will be a requirement of bank letter of credit to view and purchase any of these vehicles. If you are interested in viewing this inventory you can visit our US Marshals link.
I look forward to seeing you in the lanes.
This week’s trivia: Who purchased the first private sale of the Ford GT and on what date?
– I look forward to seeing you in the lanes,
Quote of the Week:
Many of life’s failures are people who did not realize how close they were to success before they gave up.