Used car market prediction

[Neemer]

This is insane.

It is pretty crazy. I was shocked the other day when I made July reservations at Elkhorn Ridge and was told I got the last pull-thru available. When this bubble bursts, it will do so with a ka-boom.

 

[sheridany]

 

[Orrin]

Sheridany, sorry to take so long to reply to you. What people don't realize is that this economy is booming. Interest rates are still low. I see a strong demand for cars through the summer. This is weird I know, but new cars are a better deal than late model used right now. This will break when interest rates go up. You will buy for a lot less but pay more in interest. Those with lot's of cash will do well, they always do.