I believe it's going to be much harder to establish market value for any cars in the $50,000 to $100,000 price range especially as many auctions are either cancelled, postponed or online only. Using just the Mecum Glendale auction as a barometer isn't enough. Will Mecum have it's Houston auction (April 2-4)? B-J's next auction is Northeast Auction - June 24-27, 2020.
With the Dow Meltdown, many average investors have probably seen their "Toy Money" disappear. Less buyers in the market. Sellers may pull back cars and wait to sell unless they absolutely need the money.
|
03-15-2020, 10:35 PM
Threaded Mode