Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Dec 31 4:00 PM EST

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To: GROUND ZERO™ who wrote (48576)	4/12/2013 9:55:31 AM
From: robert b furman	3 Recommendations Read Replies (2) of 220976

Hi GZ, I'm not real surprised that retail sales are off the week before people have to write the IRS a check. In the car business february and march boom as those who file simple filings get back all the witholding that they made last year.Typically this money burns a hole in their pocket and is quickly gone. Many buy a used car - during these times wholesale auctions see a spike in older used car prices. When higher wage earners write the check to the IRS a big cloud of doubt is removed and if/when they have money left over some of them go car shopping. In May,the manufacturers generally boost the rebates to the higher levels.The car manufacturers know this is the summer volume season and they want to grab market share. In my retail experience this is a shoulder season where we transition from used car buyers to the new car buyers. The timing of the April 15 th tax pay up has a direct impact on retail sales from my 25 years in retail auto sales. This is not surprising - it will be the next two months of retail sales that will tell the story about our economy.IMO Bob

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