Monday, June 15, 2009

May's Decline

The May sales reports continue to arrive, often accompanied with a message that activity is picking up. But to date that activity is not translating into increased sales month over month. May has been the largest drop in monthly sales for 2009. BUT again it is very encouraging that activity remains and hopefully it is increasing.

2009 Month to Month Report Sales
January to February: 3% increase (not a typo)
February to March: 5% decrease
March to April: 4% decrease
April to May: 10% decrease

2009 vs 2008 Reported Sales
January down 43%
February down 22%
March down 38%
April down 36%
May down 43%

Used values continue to erode, no surprise, and to see the most current values visit www.truckbluebook.com

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