ADM serves Car Dealers, Automotive Marketing Pros and Internet Sales Managers
Swapalease.com, the nation’s largest car lease marketplace, reports average car lease prices declined -2.0% year-over-year based on listings entering the market during September. Prices on leases averaged $582.02 in September, down from $593.66 in September of 2012. These prices compare to an average of $578.06 recorded during August. Ford’s popular Escape, Focus and Fusion models all showed significant price jumps on monthly payments recorded in September compared with the previous…Continue
Added by John Sternal on October 15, 2013 at 2:10pm — No Comments
It has been a busy week, but not overly active in the number of necessary adjustments. At 1450 vehicles adjusted per day throughout the last week, this is the smallest number since back at the end of August. As a comparison, the number of changes this past week is almost 640 per day less than the average daily change of 2090 per day for the entire month of October 2012.
With the smaller number of changes, how is the value change level reacting as compared to last week and even…
Added by John Sternal on October 14, 2013 at 2:00pm — No Comments
Just like the old adage, “volume is vanity, gross is sanity,” your website…Continue
Swapalease.com, the nation’s largest car lease marketplace, offers insight into which car and truck lease segments are in demand based on year-over-year changes in inventory listings. Vehicles in the Green/Hybrid segment led all categories in September, rising 66.7% from year-ago levels.
Swapalease.com is an online marketplace that allows drivers to list their vehicle leases for the purpose of finding another individual to take…
Added by Carroll Nguyen on October 9, 2013 at 2:06pm — No Comments
The data and reports gathered by Black Book this past week pointed out some interesting actions and reactions. One can’t look at the market as a whole and paint the picture of movement with one broad stroke and say it is up or it is down or that it is steady. There were changes within pockets, various segments, or even whether it was significant change within the low end of the quality spectrum or even reacting the same way on the late…Continue
Added by Carroll Nguyen on October 7, 2013 at 2:00pm — No Comments
There is no question that there is a hint of fall weather in the air when I stepped out each morning this past week. At my house even a few leaves are scattered around the yard. As the old saying goes, when the leaves fall, prices will also fall. Notice I said a “few leaves”. This means it is still a relatively solid market. Most of the comments included within the Black Book survey personnel reports from the past week indicated an overall softness with a few describing the market as…Continue
Added by Carroll Nguyen on October 3, 2013 at 11:36am — No Comments
Sales Managers, Sales Directors, Internet Sales Managers, BDC Managers, Internet Directors, General Managers, dealer principals and others involved in auto dealership Internet Marketing are invited to…Continue
Added by Josh Vajda on October 1, 2013 at 10:00am — No Comments
Last week marked the completion of five years of these weekly market updates and almost 2.5 years of monthly specialty market updates. We trust this venue has provided insight for each of your businesses, and that it has brought profitable results. We thank each of you who have called or emailed various comments and questions during this time. So let’s get started on year number six.
The activity within the editors’ analysis and the required value adjustments definitely picked up…
Added by John Sternal on September 16, 2013 at 12:57pm — No Comments
wapalease.com, the nation’s largest car lease marketplace, reports average car lease prices increased 2.1% year-over-year based on listings entering the market during August. Prices on leases averaged $590.38, up from $578.06 at the end of August 2012.
The Swapalease.com marketplace records actual monthly payments based on contracts from lessees who’ve listed their vehicles for transfer each month. The least expensive lease listed during August was a 2012 Smart Fortwo at $130.00…
Added by Carroll Nguyen on September 12, 2013 at 3:00pm — No Comments
What is my car worth? This apparently is a loaded question. Kelley Blue Book says one thing and NADA says another. Which one is right? Consider this...
The structure of the vehicle values provides the differentiation between the two groups. At KBB there are many "values" or "worths": Trade-In, Private Party, Suggested Retail, and Certified Pre-owned.…Continue
Here is the latest Used Car Market report from Black Book. The analyzed and adjusted used vehicle data published by Black Book is all based on the activity and market established by the member auctions of the NAAA. Black Book is fortunate to be a longtime supporter of the National Auto Auction Association, while also understanding the services they provide to the franchised and independent dealers as well as the commercial and financial…Continue
Added by Carroll Nguyen on September 9, 2013 at 2:30pm — No Comments
Extended warranty provider ForeverCar.com analyzed 1,500 comments on Twitter and Facebook during the last three months to better understand driver priorities when it comes to vehicle repairs. The results were eye-opening as it shows there is a distinct difference in the priority people give to the type of car repair needed on their vehicle.
Added by Carroll Nguyen on September 4, 2013 at 2:21pm — No Comments
Car leasing has heated back up to pre-recession levels, but how much more growth can the industry expect for leasing? Swapalease.com, the nation’s largest car lease marketplace, has insight into this trend based on results of a recent survey that included leasing as a consideration of future vehicle shopping.
Brands such as Toyota and GM have been in the news lately discussing their plans for more lease growth. While these and other automakers have realized the industry’s return…
Added by Carroll Nguyen on September 3, 2013 at 11:39am — No Comments
Here is the used car market report for the week of Sept. 3, 2013. The fall market continues, and maybe at a greater declining level pace a little earlier than previous years. Even though it is at a seasonal trend we have expected, it is supplemented by the continuing increase of availability of used inventory. This week we will get a feel as to how the new car sales fared for August when industry reports are made.
Looking at the overall…Continue
Added by Carroll Nguyen on September 3, 2013 at 10:29am — No Comments
Based on the answer to this question, you can infer a lot about the car you are interested in purchasing. For instance, if the answer is, “we bought the car at a fleet auction hosted by the Department of Transportation”, then you can be assured the vehicle has been serviced religiously every 2,000-3,000 miles.…Continue
Added by Scott Parrott on August 28, 2013 at 10:43am — No Comments
As the Black Book Editors commented on their auction attendance, lane activity and viewing of online auctions, it became obvious that the adjusted values would confirm a softer market than the previous few weeks. There were mentions of fewer dealers in attendance and in many instances, softer values and lower conversion rates. A couple of commercial accounts with higher conversions…
Added by Carroll Nguyen on August 20, 2013 at 1:48pm — No Comments
Used vehicles model years 2007-2011 overall depreciated -1.4% in July, slightly more than the -1.3% pace in June and -1.0% level in May. Domestic cars depreciated -1.5%; import cars were -1.4%; domestic trucks were -1.4%; and import trucks were -1.3%. Average pre-recession depreciation is historically between -1% and -2% monthly.
Added by John Sternal on August 14, 2013 at 3:00pm — No Comments
Here is the latest edition of Beggs on the Used Car Market. It has been a great week for the Black Book team. We have had the opportunity to hit the auction lanes and airwaves gathering data and market intelligence, with additional insight from many auction personnel and dealers on the lanes. I even had the opportunity to get some insight from some auto lenders this past week. Another milestone and exciting opportunity because of recent growth has…Continue
Added by Carroll Nguyen on August 13, 2013 at 2:35pm — No Comments
Just prior to looking at the tally of the adjustments the Black Book Editors made during the past week, I was thinking about the various comments made by the survey personnel in their auctions reports that flowed in throughout the week. I also thought about the various comments I heard while attending an auction this past week. And then there were a couple of calls I received and questions about a few vehicles. It all made me think we are in a fair, strong, flat, good, average, and a…Continue
Added by Carroll Nguyen on August 5, 2013 at 2:49pm — No Comments
Text messaging has completely transformed the way we communicate today. Could it also be transforming the way we negotiate a car transaction? A growing number of people have used text message as a way to communicate and negotiate during a transaction on the Swapalease.com marketplace.
Added by Carroll Nguyen on July 30, 2013 at 1:00pm — No Comments