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Uncle Joe's Make Over Diary

The stock market has been rolling over, down roughly 8-10% since April.

All types of evidence is around saying that auction prices are dropping. Autoremarketing | Black Book Weighs Used-Price Aftermath of 900K Additional Units; CNW Gauges Used Sales

The observation remains valid.
May Manheim index = 125.1. Manheim - Consulting
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We'll see if it drops for Junes #'s.



Wholesale Update.

The wholesale Used / S&P 500 correlation is alive & well
NADA Used Car Guide: Wholesale Prices Increased By 3.2% | Dealer Communications

See 3/27/2012 Chart of the S&P 500 (Last bar on the right)
big.chart


Reference:
Manheim’s Used Vehicle Index | Velocity | DalePollak.com
http://forum.dealerrefresh.com/f39/facebook-ipo-2452-2.html#post21462

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