I love it when a plan comes together? The seller’ market continues.
Last year, at the end of the boat season I wanted to test our new AutoGavel application before it went to market. So, I uploaded my 2013 Sea Doo and set it up for the next public auction (the app worked perfect, no big deal). The market was crazy for Sea Doo’s, and I figured I would possibly cash in and test the new app all at once. Plus, if I sold it, I wouldn’t have to worry about winterizing and storing it over the winter. As Hannibal Smith from the A-Team used to say, “I love it when a plan comes together”.
Except there was a small hiccup in the plan. When you are in the business of selling stuff, the cardinal rule is “everything is for sale”. I never fall in love with any possessions. Everything I own is always for sale. But my family isn’t in sales. They love the Sea Doo. And I quickly became (or secured my spot as) public enemy of my household when I told them not to drive it, I didn’t want to add more hours while I was selling it.
After I couldn’t take their silent treatment anymore, I promised to get them a new one in the spring. I figured the market will have cooled off and I could grab one in the proper price range. They didn’t like this plan, but I proceeded to auction it anyway, hoping that its better to ask forgiveness.
Knowing my family’s hesitations, I put a hefty price tag on it. It just about got there. But in the end, I chose not to sell it. I kicked myself all winter for not selling it, but then the seller’s market continued, and continued, and still continues.
Truth be told, I couldn’t replace the family Sae Doo today. A marine salesman told me he is taking orders for 2022! Next year! Now I keep thinking “thank goodness this particular plan didn’t come together” ….
A few blogs ago I wrote about it being a seller’s market. And this trend hasn’t changed one bit. In fact, it might be getting worse. And it is all segments. Cars & Trucks, recreational Items, and industrial equipment are all effected. Not only did COVID mess up manufacturer production of items, now a world-wide shortage of an essential microchip has thrown yet another curveball in the supply chain. Car Dealer lots are empty, and accordingly, auction volumes are further affected.
I have heard many stories that this could go on for another year. The sellers are enjoying the hottest market of the last 20 years. Our sales team is constantly looking for more and more consignment for our buyers. Our new AutoGavel app is being used by hundreds so far to upload inventory. We are getting inventory for our buyers.
That being said, it’s a seller’s market. If you have been thinking of selling something, and you have your family’s permission, now is definitely the time! Give us a call, and remember everything is for sale!
Thanks for reading,