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John Sternal's ADM Blog (405)

Entry Level Cars Continue To Climb In Automotive Market

Here is the latest used car market report from Black Book. As the week progressed and comments arrived from the Black Book survey personnel, there were primarily three main descriptions of the auction activity and market: steady, good and strong. On the other hand there was a slightly surprising…

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Added by John Sternal on April 11, 2013 at 2:26pm — No Comments

Gas Prices Continue To Fall As March Ends On High Note For Dealers & Remarketers

Here is the latest used car market report from Ricky Beggs and Black Book. Gas prices continue to fall, but only $.015 this past week. At least we are $.24 less than a year ago. I wish I could say the decline at the pump was directly driving the market, but at this point this is an afterthought. The overall strength is really based on less than full operating lanes with…

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Added by John Sternal on April 4, 2013 at 10:23am — No Comments

Lease Vehicles Show Price Increase Surpassing Pre-Recession Times

Car lease deals are more plentiful today compared with just a few years ago, but how do today’s lease payments compare with pre-recession levels? National car lease marketplace Swapalease.com analyzed monthly payments in 2012 and compared with vehicle inventory from 2006, finding payments on many models have increased…

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Added by John Sternal on April 3, 2013 at 1:36pm — No Comments

RV Values Show Steady Increase

It may be early April as we release this market update, but for sure the market overview is all solid facts and no tom foolery for dealers interested in motorcycle and powersports, the collectible and exotic cars, the recreational vehicles and the mother of all work markets, the…

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Added by John Sternal on April 2, 2013 at 8:53am — No Comments

Compact Cars See Greatest Upward Movement

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…

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Added by John Sternal on March 27, 2013 at 9:09am — No Comments

January Shows Improvement in Auto Lease Credit Approvals

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…

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Added by John Sternal on March 14, 2013 at 6:31am — No Comments

Used Leases Leave Those With Subpar Credit With More Option For Ownership

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…

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Added by John Sternal on March 12, 2013 at 9:08am — No Comments

Compact SUV's Continue to Climb As Strong Spring Market Begins

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…

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Added by John Sternal on March 12, 2013 at 8:33am — No Comments

Consumers Unaffected By False MPG Claims

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…

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Added by John Sternal on March 6, 2013 at 10:05am — No Comments

Compact Crossovers Gain More Momentum

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…

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Added by John Sternal on March 6, 2013 at 9:35am — No Comments

Used Car Segment Rises As Spring Approaches

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…

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Added by John Sternal on March 6, 2013 at 8:08am — No Comments

Buy Here Pay Here Markets Show Increased Strength

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…

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Added by John Sternal on February 25, 2013 at 11:29am — No Comments

Monitoring Collateral Risk Gain More Importance According to New Black Book Insight

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…

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Added by John Sternal on February 22, 2013 at 9:03am — No Comments

Under $10,000 Car Still Grabbing All Attention in Used Car Market

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…

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Added by John Sternal on February 14, 2013 at 8:48am — No Comments

Domestic Makers Place More Competitive Pressure on Foreign Car-Lease Brands

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…

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Added by John Sternal on February 13, 2013 at 2:13pm — No Comments

Recent Survey Results Show Changing Trends In Lease Preferences

Swapalease.com, the world’s largest automotive lease marketplace, reveals survey results that show changing trends among consumers shopping for a lease. Among the highlights, roughly a quarter of people seek leases with less than 12,000 miles per year; more than half would bypass a physical test drive; and nearly half obtain car insurance coverage greater than what’s required.



How many miles do you…
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Added by John Sternal on January 24, 2013 at 7:46am — No Comments

Not The Average New Year Retention

Following is the latest used car market report from Ricky Beggs and Black Book. The top 2 headlines on national sports news over the past week have had no connection or relation to a specific game or competition. At least the headlines out of Detroit during the North American International Auto Show have been all about some exciting new products that will hopefully be in…
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Added by John Sternal on January 23, 2013 at 1:54pm — No Comments

Historical Market Indicate Increase In Used Car Prices

Here is the latest used car market report from Ricky Beggs, Managing Editor at Black Book…
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Added by John Sternal on January 16, 2013 at 11:00am — 1 Comment

Increase of More Than 25% in Customer Credit Approvals

National car lease marketplace Swapalease.com says customer credit approvals based on U.S. Bank data jumped 27.3% in 2012 compared with approval rates from 2011. Consumer credit is the backbone of vehicle lease…
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Added by John Sternal on January 10, 2013 at 9:20am — No Comments

Increase In 2012 New Car Sales to Impact Used Sales in 2013?

Here is this past week's used car market report from Ricky Beggs and Black Book. The…
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Added by John Sternal on January 10, 2013 at 8:30am — No Comments

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