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John Sternal's Blog – March 2013 Archive (7)

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

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