March 5, 2008
KIRKLAND, WA – Custom Truck Sales in Regina, Sask., was named 2007 Kenworth Dealer of the Year for the United States and Canada at the annual Kenworth Dealer Meeting held recently in San Diego.
Tags: Custom Truck Sales , Dealer of the Year, Kenworth
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By Mike Antich Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
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In This Issue: Dealers Looking for Answers at NADA Convention, Vehicle Finance Conference Takes On Credit Concerns, F&I in an X&Y World and much more…