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John Sternal's Blog – January 2014 Archive (8)

Car Lease Drivers Are Escaping Their Car Leases At A New Record Pace

Swapalease.com, the nation’s largest car lease marketplace, says its customers are escaping their car leases at a new record pace. According to data from December 2013 listings, the average months remaining on cars listed during the month was 22.1, a new record for the 14-year-old marketplace. The previous record was 21.8 months remaining, set back in August 2006 and prior to the recession.



With average lease terms still set at 36 months,…

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Added by John Sternal on January 30, 2014 at 11:50am — 1 Comment

From Auction Results To Finance & Dealer Insight

Here is the latest Used Car Market Report from Ricky Beggs and Black Book. I knew it was going to be a great week when a couple of dealers from Ohio, that were on the same flight and whom I did not know, but who watch this video market blog every week, had one of the flight attendants come to my seat and start asking questions about Black Book. I thought this a little strange but like I tell…

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Added by John Sternal on January 29, 2014 at 6:12am — No Comments

2014 Lease Pull Ahead Program

2013 was dubbed the "Year Of The Lease", which means 2014 might be known for the "Year Of The Lease Pull Ahead". What is a lease pull ahead program and how might it impact the automotive industry?

Scot Hall, Executive Vice President of Swapalease.com, offers the following insight.



Lease pull ahead programs are used by manufacturers and dealers to entice lease drivers into turning in their leases early in order to “re-lease” another vehicle. It’s a forgiveness opportunity on…

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Added by John Sternal on January 22, 2014 at 5:53am — No Comments

Used Vehicle Prices Entering Tax Buying Season

Here is the latest used car market valuation report from Ricky Beggs and Black Book. The New Year is now in full swing. A non-SEC team has finally been named college football’s national champion. Now we are just a couple of…

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Added by John Sternal on January 20, 2014 at 1:33pm — No Comments

Vehicle Detainment Ends Stonger in 2013

According to Black Book data, used vehicles model years 2008-2012 overall depreciated -1.4% in December, slightly better retention compared to the -1.7% rate in November. Domestic cars depreciated -1.6%; import cars were -1.3%; domestic trucks were -2.0%; and import trucks were -1.0%. Average pre-recession depreciation is historically between -1% and -2% monthly.



For all…

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Added by John Sternal on January 16, 2014 at 8:28am — No Comments

In December Car Lease Credit Approvals Increased Slightly

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals were up slightly in December (73.3%) compared with November levels (70%). The overall approvals rate on the year finished at 72.7%, compared with a 2012 rate of 65.3%.



Holiday lease shopping from a higher population of well-qualified…

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Added by John Sternal on January 14, 2014 at 7:36am — No Comments

Returning To A full Week Of Movement

Hello and welcome to this week’s Beggs on the Used Car Market Report from Ricky Beggs of Black Book. Although this is the second Monday of 2014, this is the first current market focused report for 2014. For those of you who tuned…

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Added by John Sternal on January 13, 2014 at 10:55am — No Comments

Rising And Contingency In The Market

 

Welcome to 2014! This is the first of twelve editions of the monthly …

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Added by John Sternal on January 2, 2014 at 8:25am — No Comments

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