The VIN-dow Podcast

In a Market Change, the Market Report can be an Arc Welder

Episode Summary

In this episode, Bob talks about second opinions, and the rental car industry's involvement in wholesale purchasing and market reports.

Episode Notes

• MMR does not take into account the best end user, or the NO SALES at the auction.
• Rental car companies are now aggressively buying in wholesale, and they know that they will make back their money via rental fees. This changes the game for anybody bidding against them.
• More new cars will soon be coming to dealerships.
• The wholesale market is cooling off a bit, but rental car companies are still keeping prices higher than normal.
• Be very cautious using MMR, as past sales might not be the best guidance for today, especially due to the rental companies.