John Sternal's Blog – February 2014 Archive (9)

Response To J.D. Power's Lease Growth Figures

From today’s news report:



"J.D. Power Reports: Auto Buyers Are Committing to Leasing and Long-Term Loans at Record Levels   



WESTLAKE VILLAGE, Calif., Feb. 26, 2014 /PRNewswire/ -- The use of long-term loans and leasing for new-vehicle retail sales is on pace to reach…

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Added by John Sternal on February 27, 2014 at 3:14pm — No Comments

The Harsh U.S Winter Altered 2014 Car Shopping Preferences

Has the winter of 2014 altered what kind of vehicle choices are made by drivers? Swapalease.com, the nation’s largest car lease marketplace, reports a slight change in vehicle preferences this winter, with utility vehicles replacing certain car segments in many locations.



During the previous three winters, a mix of car segments and smaller utility vehicles carried a large percentage of lease…

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Added by John Sternal on February 25, 2014 at 10:56am — No Comments

Tax Season Has Appeared

Hello and welcome to this week’s edition of Beggs on the Used Car Market with data from Black Book. Thanks for tuning in this week and also for the comments we received over the past week about the market activity.…

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Added by John Sternal on February 24, 2014 at 11:42am — No Comments

Your Lease May Be In Demand Overseas



Swapalease.com, the nation’s largest car lease marketplace, believes a growing number of U.S. leases are being taken over for the purpose of getting shipped overseas at the end of term, particularly as fewer lessees and dealers plan to keep the leases because of the changing equity position.

In several European markets, pent-up demand is pushing up local car sales. Exports of U.S. cars have been on the rise, with brands like Ford and Honda showing increasing exports recently. In…

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Added by John Sternal on February 21, 2014 at 8:57am — No Comments

4 Used Car Segments That May See Near-Term Increases

Used car prices are expected to fall -13.5% this year, compared to -12.8% in 2013. However, this rhythm of price drops is expected to take a pause over the next 45-60 days as buyers use their tax rebate checks to purchase used cars, known as the “tax buying season”.

 

If similar patterns follow last year’s trends, keep an eye on the following four segments, which may show price increases in the…

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Added by John Sternal on February 20, 2014 at 11:19am — No Comments

Car Lease Credit Approvals Show Patterns Similiar to Consumer Credit Trends



Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals during the month of January were at 70.5%, down from the 73.3% level in December of 2013. The credit approval levels have witnessed some recent turbulence, going as high as 73.3% and dropping as low as 62.9% in…

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Added by John Sternal on February 11, 2014 at 1:14pm — No Comments

Cars Maintain Value Better Than Trucks for the First Time in Seven Weeks

Hello and welcome to this week’s edition of Beggs on the Used Car Market, the very latest used car market data provided by Black Book and Ricky Beggs. Well, at least in the southeastern United…

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Added by John Sternal on February 10, 2014 at 3:16pm — No Comments

Monthly Payments Continue To Drop For Car Leases On The Road Today

Swapalease.com, the nation’s largest car lease marketplace, reports that the average monthly payment for a car lease on the road today is $572.42, down from an average of $590.38 back in August. Monthly payments on leases have continued to decline stemming from aggressive lease deals and increased incentives offered on leases since 2012.



Compared with year-ago payments, the Chevrolet Cruze has declined the most among the most popular lease vehicles. The average monthly payment for…

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Added by John Sternal on February 5, 2014 at 1:25pm — No Comments

NADA Thoughts From The Big Easy

Here is this week's Used Car Market Report from Black Book and Ricky Beggs. Black Book was able to spend some time last week in New Orleans as part of the AFSA Conference as well as the National Automobile Dealers Association Convention and Exposition. The financial market continues to grow while serving the needs of the auto industry with…

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Added by John Sternal on February 4, 2014 at 2:42pm — No Comments

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