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According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -1.1%, significantly better than January’s level of -2.6% due to a spirited start to the spring selling season. Cars decreased -0.7%, while trucks decreased -1.4%. All vehicles are averaging a 12-month change of -14.9%.
Sub-Compact Luxury CUVs showed the highest depreciation in February at -2.8%. Vehicles in Sub-Compact Luxury Crossover segment include the Audi Q3, BMW…Continue
LEASE CREDIT APPROVAL RATES RISE TO 65.2% IN FEBRUARY
Healthy Lease Approval Rating in February Driven By Increase In Shoppers of Payments Under $499 Per Month
Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 65.2% approval rate in February, a…Continue