Used car lot opens as the industry begins to turn around - WLOX.com - The News for South Mississippi

Used car lot opens as the industry begins to turn around

WAVELAND, MS (WLOX) -

July has been a blockbuster month for used car sales according to CNW Marketing Research who reports a 13.5 percent growth, making this the best since July of 2005.

Reese Woodruff, who just opened Bubba Wood's Truck Center in Waveland, said this news is what keeps him optimistic.

"The used car market or pre-owned market, is actually growing every month. We know things are going to get better; we know the economy is going to get better," Woodruff said.

In the very same location just two years ago the economy forced DeRussy Motors to shut it's doors after 17 years, but Woodruff said he believes his product will sell and succeed.

"Times aren't as bad," Woodruff said. "We've got some great financing. We can help you out, help re-build credit. If you have bad credit, we are going to have quality product you can afford and that you can be proud of."

Salesman Larry Carter also believes in the business.

Carter said, "I think the economy has turned around somewhat, I do feel it could be better, but at the same time, business is picking up. We are seeing more traffic come through here. I know we are going to be successful."

The dealership has been opened since July 13.

Carter said, "We sold six cars, so I think, that is pretty good."

Right now, the lot has about 25 cars, but it's only a matter of time before more cars are parked outside.

Woodruff said, "We do have a few more truck loads of cars coming in the next two weeks or so, and we are going to add up to probably about 70 cars."

If business continues to prosper, he hopes to hire more people and expand.

"We are looking to maybe open the service department. We are looking to try and open the body shop, as well, but we do want to create jobs for the community," Woodruff said.

So far, the dealership has hired four people, but the owner said he would like to hire more people soon. There will be a grand opening for Bubba Woods Truck Center over the Labor Day weekend.

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