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John Sternal's Blog – February 2014 Archive (6)

Has The Severe U.S Winter Shifted Car Shoppers Preferences?

Has the winter of 2014 altered what kind of vehicle choices are made by drivers? Swapalease.com, the nation’s largest car lease marketplace, reports a slight change in vehicle preferences this winter, with utility vehicles replacing certain car segments in many locations.



During the previous three winters, a mix of car segments and smaller utility vehicles carried a large percentage of lease…

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Added by John Sternal on February 25, 2014 at 8:04am — No Comments

Tax Season Has Arrived

Hello and welcome to this week’s edition of Beggs on the Used Car Market with data from Black Book. Thanks for tuning in this week and also for the comments we received over the past week about the market activity.…

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Added by John Sternal on February 24, 2014 at 8:45am — No Comments

Is Your Lease In Demand Overseas?



Swapalease.com, the nation’s largest car lease marketplace, believes a growing number of U.S. leases are being taken over for the purpose of getting shipped overseas at the end of term, particularly as fewer lessees and dealers plan to keep the leases because of the changing equity position.

In several European markets, pent-up demand is pushing up local car sales. Exports of U.S. cars have been on the rise, with brands like Ford and Honda showing increasing exports recently. In…

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Added by John Sternal on February 21, 2014 at 6:00am — No Comments

Tax Buying Season May Put a Pause on Expected Used Car Prices Falling

Used car prices are expected to fall -13.5% this year, compared to -12.8% in 2013. However, this rhythm of price drops is expected to take a pause over the next 45-60 days as buyers use their tax rebate checks to purchase used cars, known as the “tax buying season”.

 

If similar patterns follow last year’s trends, keep an eye on the following four segments, which may show price increases in the…

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Added by John Sternal on February 20, 2014 at 8:27am — No Comments

In Seven Weeks For the First Time Cars Are Holding Better Value Than Trucks Are.

Hello and welcome to this week’s edition of Beggs on the Used Car Market, the very latest used car market data provided by Black Book and Ricky Beggs. Well, at least in the southeastern United…

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Added by John Sternal on February 10, 2014 at 12:20pm — No Comments

Car Leases Monthly Payments Are Steadily Decreasing

Swapalease.com, the nation’s largest car lease marketplace, reports that the average monthly payment for a car lease on the road today is $572.42, down from an average of $590.38 back in August. Monthly payments on leases have continued to decline stemming from aggressive lease deals and increased incentives offered on leases since 2012.



Compared with year-ago payments, the Chevrolet Cruze has declined the most among the most popular lease vehicles. The average monthly payment for…

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Added by John Sternal on February 5, 2014 at 10:44am — No Comments

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