Market Leaders Thus Far in 2021?

June 21, 2021

By Maurice Stouse, Financial Advisor and Branch Manager

The Energy Sector. According to Raymond James, “The Energy Sector remains the best performer in 2021, up 35% (10% greater than the next best sector) while the clean tech index is down 47% from its peak in February.” (Raymond James Energy Daily Update May 14, 2021). Last fall, Fidelity Investments suggested that the Energy sector could be the leader in a recovering economy, and they continue to see Energy as a leading sector. What is interesting is that this in the face of all the negative news on fossil fuels and the focus on clean energy. Why is this group up 35% despite the unfavorable sentiment? Add to that the fact that the momentum in green energy can only accelerate. To answer that, it is important to take note of few facts about today.

The energy sector remains the best performer in 2021, up 35%, while the clean tech index is down 47% from its peak in February.

Some investors might think this recent strong and leading performance is the proverbial head fake — that energy stocks (which were the worst performers for the past five years) might again lag the market before long. In the meantime, consider the following data:
During this year’s Berkshire Hathaway annual meeting, Warren Buffet noted that there are over 290 million cars and light trucks on the road in the USA today. Add to that, Statista.com estimates worldwide daily consumption in 2021 will be 96.5 million barrels of oil. They project that to be 103.2 million by 2025. Car sales are projected to hit 18.5 million units this year (Seasonally Adjusted Annualized Rate, SAAR, for April) per Automotive News and Motor Intelligence. This adds up to a lot of demand. The consumption of natural gas and liquified natural gas continues to grow as well. Natural gas is seen as not only a transitional natural resource, but a replacement for coal.

Most notable however is the significant decrease in exploration and production. Both Raymond James and Fidelity have spoken to that recently. Major oil companies (Exploration and Production or E & Ps) are not expanding their investments in new wells even though the price (currently around $65 a barrel) is well above their costs. Most analysts see $50 to be the average cost for these majors and some of the biggest oil companies have lift costs below that, in the low 40s.

Lower exploration and production mean less oil and gas in the future. Fidelity has pointed out that this could significantly decrease what has been an all-out glut of oil and gas over the past several years. While we do not think this means shortages, we do agree this could lead to the firming of oil prices. Historically, this boom-and-bust sector has had large swings in price.

The result of firming oil prices means consistency of profit margins, resilience of dividends and increased share buy backs, all of which could support the continued growth in share prices. It also means that the majors, and smaller firms, through consistent margins, have the capital to expand in to greener and cleaner energy like solar and wind farms. That too could support share prices.

There is a flip side to this however: many institutional investors (pension funds, endowments, mutual funds, insurance companies and others) are shying away from these stocks because they, like many other institutional investors are focused on ESG investing (Environmental, Social and Governance) and hence that could slow or stunt the growth in share prices of many traditional energy firms. It takes that momentum of dollars to keep these equities growing at such rates. Do these investors have it right?

The takeaway is that investors who are looking for value, inflation resilience and income, and have confidence in what is happening in this sector, should possibly consider increasing their holdings or weightings into Energy, if this is right for you.

A note regarding Electric Vehicles: Raymond James (Energy Daily Update May 14, 2021) sees the growth coming much faster for heavy duty electric trucks, commercial vehicles and buses compared with electric cars. Investors can participate in those directly through the stocks in the firms that develop and produce all of these.

Inflation Resistent or Inflation Resilient Investments: The main measures of price inflation came out this past week. First were consumer prices (CPI) which showed an increase of 4.2% year over year and up .8% from March. That was the fastest pace since 2008. The second was producer prices (PPI). That showed a year over year increase of 6.2% or .6% from March. The Bureau of Labor Statistics noted that was the largest increase since 2010. While the Federal Reserve has two major focuses (one being inflation and the other being employment) it is most concerned for the moment about jobs. Interestingly the number of open jobs right now is 8.1mm, and the number of unemployed Americans is approximately 9.8 million.

Wage pressures may or may not be in our future. On the lower spectrum of wages, McDonald’s reported that it is increasing the minimum wage to $14 per hour at its company owned stores. It intends to move that to $15 by 2024. Chipotle also announced that it is increasing its minimum wage to $15 per hour.

The final takeaway, if investors wish to adjust their strategy during periods of price inflation, might possibly turn to increase their weightings in equities (value stocks in particular) as well as commodities (materials stocks) and Treasury Inflation Protected Securities. Energy stocks as well as financials, real estate (mainly REITS), materials and industrials represent more value-oriented stocks or equities.

Knowing what impact inflation and other factors may have and when that might happen means doing your research or utilizing the advice or professional management of an investment advisor.

The First Wealth Management is located at First Florida Bank, a division of the First, A National Banking Association, 2000 98 Palms Blvd., Destin, FL 32541, with branch offices in Niceville, Mary Esther, Miramar Beach, Freeport and Panama City. Phone 850.654.8124.
Raymond James advisors do not offer tax advice. Please see your tax professionals. Email: Maurice.stouse@raymondjames.com.Securities offered through Raymond James Financial Services, Inc. (Member FINRA/SIPC), and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Investment Advisory Services are offered through Raymond James Financial Services Advisors, Inc.

The First Wealth Management First Florida Bank, and The First, A National Banking Association are not registered broker/dealers and are independent of Raymond James Financial Services.

Views expressed are the current opinion of the author, not necessarily those of RJFS or Raymond James, and are subject to change without notice. Information provided is general in nature and is not a complete statement of all information necessary for making an investment decision and is not a recommendation or a solicitation to buy or sell any security. Past performance is not indicative of future results.

Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation. Investors should consult their investment professional prior to making an investment decision.

Treasury Inflation Protection Securities, or TIPS, adjust the invested principal base by the CPI-U at a semiannual rate. Rate of inflation is based on the CPI-U, which has a three-month lag.

Investing in the energy sector involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.

Utilizing an ESG investment strategy may result in investment returns that may be lower or higher than if decisions were based solely on investment considerations.

30A eats.com Recipe of the Month: Mexican Caviar

June 21, 2021

By Contributor Caroline Coker, 30AEats.com

This is one of my favorite appetizers that I make at home all the time. During one memorable chapter of my childhood, I spent the summer with my mom and younger brother, poolside at my aunt and uncle’s home in Texas, where mom made mounds of Mexican Caviar to snack on daily. It has now become a signature family dish, and my mom will sometimes add black eyed peas or boiled peanuts in place of the black beans for that Southern flair. Whatever legume is your favorite, you will find this recipe to be addictive.

Mexican Caviar
Makes 6 servings
Dressing
2 tablespoons cup balsamic vinegar
1/4 cup extra virgin olive oil
1/2 teaspoons salt
1/4 teaspoon black pepper
1 (15-ounce) cans black-eyed peas, rinsed and drained
1 cup chopped green bell pepper
1 cup chopped orange bell pepper
1/4 cup chopped red pepper
1/4 cup chopped red onion
1/2 cup cherry tomatoes, chopped
1/4 cup chopped fresh parsley

Preparation
Combine dressing ingredients in a jar or small container with lid; cover tightly and shake vigorously. Set aside.

Rinse and drain beans well. Place in a medium glass bowl or plastic container. Add remaining ingredients and toss well. Add the dressing, and toss again. Transfer to plastic container, cover with lid tightly, and refrigerate for at least two hours before serving.

Remove from the refrigerator, toss, and serve with tortilla chips, saltine crackers, and limes on the side for those seeking extra zest.

Note: This recipe is packed with Vitamin C, Vitamin K, Vitamin A and Vitamin B6. It is also high in protein and fiber, helps in lowering blood pressure, blood sugar, and is heart healthy. Watch me make this recipe on Gulf Coast Restaurants You Tube Channel.

Contributor Caroline Coker was raised on 30A, and has been living in South Walton, Florida since the age of five. She is passionate about health and fitness, and graduated in Nutritional Science from The University of Alabama in August 2015. You will find more of her work here at 30AEats.com on Beach Eats, recipes that she is working on for her first cookbook with her mother. Caroline also handles the social media for GulfCoastRestaurants.com.

Time with Wine: Krutz Family Cellars

June 21, 2021

At Kwiker Liquor, we know that the key to having a great selection of fine wines is knowing a great selection of Vintners and Winemakers. We take pride in cultivating these relations to bring the very best to our customers in the Panhandle. This month we called on our friends from Krutz Family Cellars to share their story with us:

A Circular Journey
Some thirty years ago Fred and Cherry Krutz discovered the world of wine when they made an adventitious stop into a wine and cheese boutique in Carmel, CA. Little did they know that their oldest son, Patrick, would wind up working in the same store two decades later. The Cheese Shop is where the Krutz family first developed a passion for wine, and where Patrick learned the art of winemaking by working with some of Monterey County’s best wineries.

A Hobby Becomes a Family Business
Krutz Family Cellars was founded in the summer of 2003 in Monterey County when Patrick Krutz produced sixty cases of wine. The idea was to purchase a ton of grapes a year in order to produce a small amount of wine for family and friends. However, demand soon changed that plan and Krutz Family Cellars continues to grow in an effort to supply that demand. In 2011 Bryan and Cole Krutz joined their brother Patrick as owners and Krutz Family Cellars is now a family-owned winery located in Sonoma County.

Our Brand
Since 2003, Krutz Family Cellars has included a Magnolia flower on each bottle of wine that it has produced. The Magnolia, the state flower and tree of Mississippi, is a symbol of our southern roots. It not only represents where we are from, but also our way of life – true, honest, and fun.

First Summer Job Can Shape Future Success!

June 21, 2021

By Bill Husfelt, Superintendent, Bay District Schools

May is an exciting time in the school system and by the time you read this, we will have graduated the Class of 2021 with as much pomp and circumstance as possible!
This year we also tried our hand at something new for our students (and especially our graduates) in the form of two student-focused job fairs. I’d like to thank the more than 30 businesses, the municipal governments, the branches of the military, and our local post-secondary institutions for their participation. Students were so excited to have so many employment opportunities and it was awesome to see the smiles on their faces as many of them secured their first jobs ever. It was awesome, too, to see all of the moms, dads, and grandparents who brought students to the fairs.

I think we can all remember our first jobs and what we learned from them. We can all also probably recall the salaries we earned!

I began my working career as a scorekeeper for Oakland Terrace at 13 years old. While the $1.50 a game I made was incredibly important to me at the time, the more important memory is that this job is where I met my wife!

While working and going to school, I learned the importance of being responsible and being punctual and I learned to work with others. Those are all life skills that I hope our students learn while they are in school or working part-time jobs.

The job fairs got me thinking about first jobs and so I thought it might be fun to hear from some of our beach administrators about their first jobs and what they learned.
Amy Harvey, the principal of our brand-new A. Gary Walsingham Academy, earned $4.25 an hour from her first job working at the old Corn Dog 7 in the Panama City Mall. Amy remembers her fast-food career and the lessons she learned. “This job definitely highlighted for me the importance of being kind to others,” she said. “Interacting with so many different people each day, I learned very quickly that people do not always treat food service workers with kindness and respect. All of these years later, I can still recall specific interactions I had with people during my time at Corn Dog 7. These interactions had a profound effect on me as a person, as it definitely taught me to be mindful of how my words and actions will affect others.”

Patronis Elementary Principal Brooke Loyed, was employed at a retail store for her first job. She said she still remembers literally punching the time clock in and out on each shift. “I learned that retail work is hard work with long hours and you’re always on your feet,” she said. “And you learn customer service skills galore.” Glenda Nouskhajian, principal of Hutchison Beach Elementary, also worked retail for her first job. “I worked in the Service Merchandise Jewelry Department for $4.50 an hour,” she said. “I learned I needed a new job to be able to afford jewelry LOL.” Nouskhajian said her retail experience convinced her that becoming a teacher was the right career path for her future.

West Bay Elementary Principal Deniece Moss learned about being an employee while working at the movie theater. She said her first job taught her “how to work with others!”
An ice-cream distributor was the site of Breakfast Point Academy Clint Whitfield’s first job. He said the job came with many benefits. “I made $7 an hour and got to eat the damaged containers of ice cream,” he said. “I think I gained 20 pounds that summer.” This sounds like a dream job for many teenagers!

Surfside Principal Matt Pitts had probably the most interesting (and maybe the most dangerous) first job. “I worked for a timber company in Blountstown and walked through snake-infested waters cutting lines with a machete for $5.65 an hour,” he said. “I learned I wanted to go to college!”

Washing cars at age 14 taught Britt Smith, principal of J.R. Arnold High, quite a few lessons. “I was 14 years old and the shift was from 8 a.m. until 5:30 p.m. with a 20-minute lunch,” he explained. “I could only work on Saturdays and was assigned to vacuum cars for $2.25 per hour.”

Smith added, “I learned that I did not want to do physical labor during Florida summers my entire life and that I would have ‘made it’ in life if I did not have to work weekends. I also learned that I needed to get a good education if I was to accomplish these goals.”

While school focuses on academics, we also want to make sure our students are well-rounded citizens and that they have the life skills they need in order to be successful. First jobs in high school (and even middle school for some of our 14-year-olds) teach our students so much about the working world, what they need in order to be successful, and even what they don’t want to do as adults!

I know there’s a labor shortage out there and it’s summertime on the beach which means an influx of tourists and an even higher demand for employees. If you own a beach business, I hope you’ll take a chance on a student from Bay District Schools. Our students are eager to learn, determined to make a difference, and passionate about contributing to their communities. They need YOU to help them learn critical life skills.

Thank you for all that you do to support our students, our schools, our families, and our employees. Stay safe and God Bless!

Let’s Get Growing with Julie: Facts about Fireflies

June 21, 2021

By Julie McConnell, UF/IFAS Extension Bay County

“I never see fireflies anymore, where did they go?” I get asked this a lot and it always catches me by surprise because I see them at my house every summer. Like most things in nature, the answer is not simple because there are several factors that contribute to local insect population levels. Just like attracting other wildlife, it is helpful to understand the life cycle and habitat needs of fireflies to increase the likelihood you will have an enlightening encounter!

Fireflies are also known as lightning bugs but are neither flies (Order Diptera) nor bugs (Order Hemiptera). Fireflies are in the Order Coleoptera (beetles), Family Lampyridae, and there are 56 different species in Florida. Like butterflies, their life cycle is a complete metamorphosis which includes four stages: egg, larva, pupa, and adult. All stages contain bioluminescence substances and may produce a glow. The most recognized function of the firefly’s ability to light up is to attract mates, but there is speculation that the presence in juvenile forms may also deter predation by making them distasteful.

Adult fireflies signal each other to attract mates and the fertile female lays eggs in the top 1-3 inches of soil in meadows or forested areas dependent on species. In general, the eggs and larvae require moist soil with decaying vegetative material to thrive. Larvae are predators that feed on insects, snails, slugs, and earthworms which are found in decaying organic matter. Without moisture and a food source, the larvae will die. The larval phase can take several years to complete before the firefly pupates and emerges as an adult in the spring or summer. The primary function of adults is to reproduce so they rely on an environment that allows them to attract a mate and lay viable eggs.

Limiting factors that may interfere with fireflies taking up residence in your landscape:
Light pollution. Outdoor artificial lighting can interfere with the adults’ ability to attract a mate and breed.

Tidy yards. Thatch in your lawn, decaying leaves or mulch, shade-producing shrubs and trees, and undisturbed natural areas are all potential habitats for juvenile fireflies. If there is no vegetative material playing host to food sources, you will not attract females to deposit eggs.

Indiscriminate insecticide use. Excessive use of insecticides can impact fireflies by reducing food sources (remember these bugs eat bugs!). If you have a landscape pest problem, be sure to use integrated pest management (IPM) practices. IPM includes cultural practice changes and using selective insecticides in a targeted rather than broad-spectrum application when needed.

If possible, incorporate some firefly-friendly habitats in your landscape. If that is not possible, make it a point to plan a sunset visit to places where they are likely to congregate and enjoy the light show!

An Equal Opportunity institution, Extension Service, University of Florida, Institute of Food and Agriculture Sciences. Participation shall not be denied on the basis of race, color, religion, sex, national origin, disability, sexual orientation, marital or family status, or political beliefs.

Grand Lagoon Tacos & Tequila Fest a Success

June 15, 2021

By Marta Rose-Thorpe

Five hundred locals attended the Third Annual Tacos & Tequila Fest at Hammerhead Fred’s on May 8. Grand Lagoon establishments competed for the Best Taco and Best Tequila Beverage in the Grand Lagoon. Three judges from local media outlets (Jan Waddy from the Panama City News Herald, DJ No Sleep from Island 106 Radio, and Jack Smith from PCB Life) sampled all entrees and selected their favorites, with the addition of a People’s Choice vote. Dreamers Restaurant & Bar won the Judges Vote for Best Taco, with the Sheraton PCB Resort winning the Judge’s Choice for Best Tequila Beverage.

Hammerhead Fred’s won the People’s Choice for Best Taco as well as Best Tequila Beverage. Guests were entertained by the Far2Fresh band on Fred’s outdoor stage, and a great time was had by all! Funds raised at Tacos & Tequila go to the Grand Lagoon Coalition, a community development organization that elevates and expands tourism and economic development on the east end of the beach. Stay tuned for the Fourth Annual Tacos & Tequila Fest in May 2022, and check GrandLagoon.com for updates!

A Few Minutes With… Rachel Duvall, Founder and CEO of Humble House

June 21, 2021

Tell us a little bit about yourself. I was born in Birmingham, Alabama, but I have been living in Panama City since 1984. I am happy to consider this my home.

Tell us about your family. I have been happily married to Scott Duvall for the past nine years. I have four children: Jacob and Brianna plus two more beautiful daughters who entered my life when Scott and I married, Brittany and McKenzie. I have a wonderful mother named Diane Sweeney that has ministered to women alongside me for the past 17 years.

Tell us about your current, past, or future career. I have served in addiction ministry for the past 16 years at First Baptist Church through the Most Excellent Way Program. For the past 7 years, I have been in full-time ministry, working with ladies who have struggled with drug and alcohol addiction. I was director of the Bethel Village coverage program and homeless shelter for women and children. I am currently working as a Bates-based care coordinator at the Bay County Jail and I have also had the honor of being able to open a Transitional Recovery Program for women here in Panama City called The Humble House Ministries. This is also being expanded soon to Tallahassee, Florida. In these roles, God has showed me the incredible need for transitional recovery in our area and I love working with women showing them there is a better way of living through Jesus Christ. Long term, we’re hoping to open a 12-month residential addiction recovery program for women in Bay and surrounding counties. We’d love for you to visit our Facebook page to see what God is doing through our ministry https://www.facebook.com/HumbleHouseMinistriesINC

What are a couple of your favorite restaurants in our community? Simply Seafood & Longhorns.

Who is the most interesting person you’ve met here in our community? Paula Dean! She came to tour our recovery program and was extremely down to earth!

What advice do you have for us? Love God with all of your heart, soul, mind and strength… and love your neighbor as yourself.

What is something on your bucket list? Go to Israel for sure!!!

What is something interesting that most people don’t know about you? I have a special compartment in my stomach saved for dessert! :p

Are You Happy with Your Testosterone Shots?

June 21, 2021

By Dr. Richard Chern, M.D.

Testosterone shots for men have been used to treat testosterone deficiency for many years. There has also been a lot of bad press about using “testosterone” in men, because previously, many men abused testosterone and later faced consequences such as heart attacks, strokes, pulmonary embolisms, sudden death and other health problems. We’ve all heard about “Roid Rage” and have seen reports of domestic abuse, murder and suicides all associated with testosterone. So, how is it possible that testosterone is good?

There are several issues to keep in mind with testosterone use in the past. First, these issues often occurred with dosages as high as 20x the natural levels found in humans. Second, all of these reports are associated with the use of synthetic versions of testosterone. The medical community has known for decades that any synthetic testosterone is associated with adverse effects such as strokes, heart attacks, sudden death and more. This includes the most commonly prescribed testosterone cypionate. Third, breakdown products or metabolites of testosterone are also hormones that can have major effects on the body in both beneficial and detrimental ways. Many of the issues that occurred were because of over-dosing and a lack of understanding of the metabolism and full effects of synthetic testosterone in the body.

Many men use weekly testosterone cypionate injections to maintain their testosterone level. While this provides some benefit, most men complain about the common issues shots have. Shots are absorbed based on time rather than blood flow. So, the first days after a shot are typically amazing and most guys feel like superman because of overly high levels. Unfortunately, this only lasts for a day or two and these overly high levels are not only bad for us but they also rapidly decrease. These days are typically followed by two days where guys feel good. Then, the last few days are nearly always nonproductive and include increasing moodiness, fatigue and a lack of desire to engage in the world. Next, because of these swings in testosterone, estrogen quickly becomes difficult to control. The hormonal ups and downs cause mood swings, tear-fullness, irritability, anger and other emotional disturbances. Levels on either side of optimal can cause erectile dysfunction. So, these swings often lead to additional medications such as anastrazol, Viagra, or other medications to control issues that just don’t happen with pellet therapy. Then, of course, there are the general issues of remembering to take your weekly injections, constantly going to the pharmacy, multiple doctor appointments, lab draws, etc.

With pellet therapy, we see our guys about two times a year and once we get your dosing dialed in, we only need labs once a year. Hormone levels are consistent every day and it’s unheard of to need additional medications once optimized. So, are you REALLY still happy with your testosterone shots?

Dr. Richard Chern, M.D. and Sue Griffin, ARNP specialize in hormone therapy for both men and women. D.r Richard Chern, M.D. is the only BioTE Platinum provider in the area and has been providing BioTE hormone pellet therapy longer than any other provider in the region. He has been asked by BioTE to teach providers across the country on how to provide proper hormone therapy for both men and women. Dr. Richard Chern, M.D. is currently accepting new patients so call today at 850-837-1271 for an appointment.

Five Local Leaders Recognized at Beach Chamber Awards Dinner

June 21, 2021

The Panama City Beach Chamber of Commerce’s celebratory Annual Awards Dinner was a night of recognition where they honored five of their outstanding members on Thursday, May 27, at Edgewater Beach & Golf Resort.

“It was great getting the membership together to recognize business leaders for everything they do to help the Chamber and Community,” said President/CEO Kristopher McLane.
This prestigious event recognized local leaders for their dedication and accomplishments in the community and with the Panama City Beach Chamber. These awards included the Chamber Ambassador of the Year, Humanitarian of the Year Award, Community Impact Awards, and a dedication to the Chamber’s 2020 Past Chairman.

The Past Chair Award was given to the 2020 Chairman of the Board, Matt Griffitts of Griffitts Construction of Bay County. His dedicated service and commitment to leading the Beach Chamber helped grow the membership to over 1300 members.

This year’s Ambassador of the Year Award winner was James Clemens of Mica Specialties. He truly goes above and beyond for the Beach Chamber. He is not only a great asset to his company and the Beach Chamber, but also equally valuable to the community.

Our Humanitarian of the Year Award was given to Beach Care Services, for their generosity and commitment to improving our community and the lives of others.

This year, the Chamber awarded two Community Impact Awards to Gulf Coast Regional Medical Center and Ascension Sacred Heart Bay for their frontline heroes caring for our community.

Congratulations to all award winners and thank you to everyone that made the Annual Awards Dinner a huge success.

The Easiest Way to Sell Your Used Car

June 21, 2021

As you can imagine, auto dealerships sell lots of new cars. But, did you know they often sell more pre-owned cars than new ones?

And, since dealerships sell lots of used vehicles, they also need to buy a lot of used vehicles. So it only makes sense that they are always looking for good used vehicles to sell.

Faced with the alternatives of selling your car on Facebook Marketplace or Craigslist, what’s the benefit of selling your car to a dealership? For most people, the number one reason is that it is simply an inconvenience to try to sell your car yourself. Many people don’t have the time to go through the hassle of selling their own vehicle, whether it’s advertising it themselves or going through the transaction process at a bank. Another reason is safety. We are living in strange times right now and you never know what you are going to be dealing with.

Still, many people don’t understand what’s involved in the process of selling their car to a dealership, such as whether or not you have to bring your car in to get a price. The answer is no. The process starts online where you can actually get a pretty accurate price without ever coming into the dealership.

If you are interested in getting the price a dealership will pay for your car, you can often go to a special page on their website. For example, at www.PanamaCityToyota.com you’ll find a tab for “Sell Us Your Vehicle.” You’ll need to share some photos and details for your vehicle to get an offer. It typically takes 5-10 minutes to complete the submission and you’ll get a firm offer within 3 business hours.

If you are wondering about whether there is a particular age, or specific makes and models that dealerships are interested in, there’s a pretty wide range. While dealerships like to get late model used cars, it’s not unusual for them to purchase your 10-15 year-old vehicle, if it’s in good condition. As for models, since dealerships take in all types for trade-ins, they sell all make of used cars and will buy all kinds of used cars.

Another benefit of selling your used vehicle to a dealership is that you don’t have to make the repairs you otherwise might to sell it on your own such as brakes, body, or even mechanical repairs. You also don’t need to detail your car, although you may want to gather up the loose change. Dealerships have complete repair and detail shops to prepare a car for sale so you don’t have to.

According to Robert Gates, General Manager at Panama City Toyota, the concept of people selling their used car to a dealership rather than trying to sell it on their own is catching on quickly. “It’s become very popular and I think it’s because people are realizing how easy it is.”

To get a firm offer on your vehicle visit panamacitytoyota.com, or call (850) 769-3377.

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