Saturday, January 26, 2008

What The Arizona Auctions Mean

Posted by John Gunnell, Gunner's Garage
Now that the big Arizona Auctions are over, everyone is talking about the "trends for 2008," almost as if the year is over. People say all kinds of things about the big-buck auctions out west, but I believe only what I hear from people who actually went there to buy or sell cars. The buyers I spoke to were split. Some thought the auctions were an absolute circus that meant nothing in the bigger picture. The other group of buyers was very happy - in today's terms, there were deals to be had if you were buying. The sellers were not happy. Those who got 80 percent of what they expected to come home with felt they did well. But many got less than half of what they needed and expected and took a big hit.

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