Hammer Time: What Hath Thou Wrought?

98 dealers are busy looking at 89 vehicles. Check engine lights are being scanned. The hoods are opened, engines are revved, and Bluetooth is the technology of the moment. Wholesalers, along with professional car buyers like me, are busy making arrangements with those dealers and individuals who want to buy an auction vehicle on the cheap.

There’s only one problem with all this. We’re on the eve of tax season. A time where everyone short on dough files a tax return on the expectation of a nice four-figured refund in early February. Millions of those refunds will eventually be used towards one of three purposes: paying down debt, purchasing electronics, or putting a down payment towards a nice used car that will likely be financed to the hilt.

The prices at this specific auction are always high. But today, they were in outer space.

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  • Inside Looking Out Why EBFlex dominates this EV discussion? Just because he is a Ford expert?
  • Marky S. Very nice article and photos. I am a HUGE Edsel fan. I have always been fascinated with the "Charlie Brown of Cars." Allow me to make a minor correction to add here: the Pacer line was the second-from-bottom rung Edsel, not the entry-level trim. That would be the Edsel Ranger for 1958. It had the widest array of body styles. The Ranger 2-door sedan (with a "B-pillar", not a pillarless hardtop), was priced at $2,484. So, the Ranger and Pacer both used the smaller Ford body. The next two upscale Edsel's were based on the Mercury body, are were: Corsair, and, top-line Citation. Although the 1959 style is my fav. I would love a '58 Edsel Pacer 4-door hardtop sedan!
  • Lou_BC Stupid to kill the 6ft box in the crewcab. That's the most common Canyon/Colorado trim I see. That kills the utility of a small truck. The extended cab was a poor seller so that makes sense. GM should have kept the diesel. It's a decent engine that mates well with the 6 speed. Fuel economy is impressive.
  • Lou_BC High end EV's are selling well. Car companies are taking advantage of that fact. I see quite a few $100k pickups in my travels so why is that ok but $100k EV's are bad? The cynical side of me sees car companies tack on 8k premiums to EV's around the time we see governments up EV credits. Coincidence? No fooking way.
  • EBFlex "I'd add to that right now, demand is higher than supply, so basic business rules say to raise the price."Demand is very low. Supply is even lower. Saying that demand is outstripping supply without providing context is dishonest at best.