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John Sternal's Blog – August 2012 Archive (4)

Credit Approvals For Customers Are On The Rise

CUSTOMER CREDIT TURNS MORE POSITIVE

Recent Turndowns and Approvals Rate Show Possible Economic Trend

Credit worthiness means everything in car leasing, and Swapalease.com might have evidence of improving U.S. credit for consumers. Since the end of May, U.S. Bank customer approvals for taking over a car on Swapalease.com climbed to an average of 73.7%, compared with 55.5% the…

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Added by John Sternal on August 29, 2012 at 12:28pm — No Comments

Prices Still Dropping for Used Cars Across Multiple Segments

Used Vehicle Prices Continue To Drop Across Many Segments

 

Black Book editors and survey personnel continued their auction attendance gathering current market data and insight from all across the country, enabling us to make the most accurate and current Daily adjustments to the published values.

Gas prices continue to climb, this past week up another $.02 to a national average of $3.74 per gallon. The comments…

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Added by John Sternal on August 29, 2012 at 12:14pm — No Comments

Auto Dealers Taking Advantage Of More Sub-Prime Opportunities

Fewer Delinquencies Boost Sub Prime Auto Loans For Dealers



A larger number of drivers are making their auto payments on time according to Equifax and TransUnion. This will have a significant impact on auto dealers looking to secure sub-prime auto financing for customers:



TransUnion says the number of drivers late on their car payments have dropped by 25%…

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Added by John Sternal on August 28, 2012 at 1:47pm — No Comments

Luxury Vehicles Still Seeing Large Pricing Declines

Here is the latest data on the used-car market from Ricky Beggs, analyst at Black Book USA.

This past week has presented some amazing insights and situations within the market and the resulting used vehicle values. As the calendar turned to a new month, there were some more aggressive efforts from some of the buyers. The number of adjustments that were increases at 19% was the …

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Added by John Sternal on August 9, 2012 at 7:31am — No Comments

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