Monday, April 20, 2009

What I'm hearing from auction regulars.

There's been a dynamic shift in the economy for the worse during the last 9 months. We all know this. But we all still have to drive. Living life means driving.

But what's happening is that people are so scared to spend money - even if it's just a small amount for a car at auction - that they're just milking their old and beat-up cars for everything they can. They figure they'll get a new car when the economy turns around. But you know what? That's what everybody figures.

So when the economy does turn around, I can guarantee that the auctions are going to be WAY more crowded than they are now. One guy who has hit some local car auctions told me last week, "There's just nobody at these things right now," he said. "Almost every car is a huge bargain. It's shooting fish in a barrel."

You heard the man. Shooting fish in a barrel. Like nabbing a 2007 4Runner for $3,000 or a 2006 BMW X5 for $6,000. Sign up for a site and start hunting while the hunting is good - better than it's ever been!