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Here is the latest used car market report from Black Book and managing editor Ricky Beggs. As the data and market reports came steadily flowing into the Editorial team where the analysis progressed, it was prevalent as to the need for used vehicles for retail level offerings. When demand is present, prices will generally increase or at least stay stable. Although…
Added by John Sternal on March 27, 2013 at 9:09am — No Comments
AUTO LEASE CREDIT APPROVALS INCREASE IN JANUARY
National car lease marketplace Swapalease.com reports its latest lease customer credit approval information, with positive trends continuing into 2013. According to U.S. Bank data, January credit approvals on Swapalease.com were 23.1% higher compared with the…
Added by John Sternal on March 14, 2013 at 6:31am — No Comments
Hundreds of thousands of people who suffered a drop in credit have emerged as consumers again – just a few years removed from the dark days of the recession. Many of these people have found a way to shop for a car without going through traditional credit checks at the dealer, and they’re getting some pretty nice wheels, too.
Credit is the lifeblood of car shopping. But consumers who acquire a used lease through transfer are…
Added by John Sternal on March 12, 2013 at 9:08am — No Comments
The Black Book team has been in Las Vegas this past week at the CAR/IARA/NAAA Conference, where we produced the latest used car market report. There has been insight regarding the rebirth of Harley Davidson when they were close to extinction in the 90s, and also some interesting economic thoughts from Steve Cortes, a commentator on CNBC. Now, let’s…
Added by John Sternal on March 12, 2013 at 8:33am — No Comments
Vehicle recalls and false MPG claims have been reported recently in the world of automotive. How concerning are these issues for drivers and car shoppers? Swapalease.com, the world’s largest automotive lease marketplace, conducted a survey recently to check the pulse of car shoppers to find out where they stand on these…
Added by John Sternal on March 6, 2013 at 10:05am — No Comments
One of the strongest segments in today’s auto industry is that of compact crossovers. This category was one of just four truck segments that saw price increases this past week as reported in the most recent used car market report.
Jeep announced late last week that it will revive the Cherokee model to replace its Patriot as well as…
Added by John Sternal on March 6, 2013 at 9:35am — No Comments
As you are watching this video several of the Black Book team are heading to or are already at the CAR/IARA/NAAA Conference in Las Vegas. What a great event to network with other remarketers, and to hear insight from the many informative sessions presented by industry leaders.
Next week several from our Lender Solutions team will be in Scottsdale for the CBA Conference. Some of the prime…Continue
Added by John Sternal on March 6, 2013 at 8:08am — No Comments
Following is this week's used car market report from Black Book managing editor, Ricky Beggs, also available by viewing the weekly video segment. As we attended the auctions, and talked with many dealers and also looked at the commentary from the Black Book survey personnel, there were three main topics of interest that kept coming up, and these are not in any particular order, a strong market, the current tax…Continue
Added by John Sternal on February 25, 2013 at 11:29am — No Comments
Fueled by pent-up demand and rising consumer confidence, automotive sales have increased each year since the recession. Auto lenders have played a key role, helping millions of shoppers replace their aging vehicles with a newer model from a variety of categories. However, as lenders make it easier for car shoppers to purchase and lease a growing number of cars, softening used vehicle values could pose challenges for lenders down the road.
As new sales volumes continue to rise…Continue
Added by John Sternal on February 22, 2013 at 9:03am — No Comments
Following the latest used car market report from Black Book. Over the past couple of weeks there have been a number of comments about this video market update and the information and insight it provides while at several auctions I have attended over the last couple of weeks and the past…
Added by John Sternal on February 14, 2013 at 8:48am — No Comments
The largest online car leasing marketplace in North America, Swapalease.com analyzed current inventory levels for today’s most popular car brands and compared it to inventory levels in 2010. Lexus, Land Rover and Jaguar, all popular car leasing brands, have seen their inventory fall over the last few years. Lexus has faced increased…
Added by John Sternal on February 13, 2013 at 2:13pm — No Comments
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Added by John Sternal on January 4, 2013 at 9:00am — No Comments
Here is this week’s edition of Beggs on the Used Car Market. It’s great to have you tune into as we face the final full week of 2012. As we look back over the past couple of months, the weather has been pretty mild across most of the country until last week when a full blown winter storm came across the Rockies, the western plains and up through the mid-west. Even the upper part of the southeast got some of the white stuff. This may be a good thing for…Continue
Added by John Sternal on December 26, 2012 at 12:44pm — No Comments
Here is the latest used-car market report from Ricky Beggs, Managing Editor of Black Book.
This time of the year seems to get people in a very festive mood for both holiday parties with co-workers, friends and families as well as the end of the year retail sales push within the auto industry. We always hear about the large percentage of sales in general department stores…
Added by John Sternal on December 20, 2012 at 9:11am — No Comments
Here is the latest used-car market report from Ricky Beggs, Managing Editor at Black Book. Over the last couple of years many of us in the industry have said we are not in a normal market. This has referenced supplies, value trends that have seen both up and down movements and some of those trends do not match the…Continue
Added by John Sternal on December 13, 2012 at 7:25am — No Comments