It's not a closely guarded secret that coach values are down and perhaps we are putting too much weight into the importance of the POG Pricing Guide.

If Jim wants to maintain his credibility within the Prevost conversion community then the prices should be consistent with the current market values, they shouldn't be someone's attempt at forecasting what future prices will be. I can say with a high degree of confidence that the POG Pricing Guide for older vintage coaches is off by about 50%.

The two biggest converters are privately held so I have no idea what their balance sheets look like, but if they are at all leveraged I have a hard time seeing them survive this downturn in their current form. I hope they do survive because I plan on buying another coach at some point.