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John Sternal's Blog – October 2012 Archive (5)

Reversals Shown in Latest Auto Price Trends

Following is this week’s edition of Beggs on the Used Car Market. What a variety of comments we received throughout this past week from dealers around the country. From the Pennsylvania market the “demand seemed to be up”, while not too far away geographically at an Indiana auction the feeling was that “prices seem to be dropping”. A Michigan report felt…

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Added by John Sternal on October 23, 2012 at 12:00pm — No Comments

Another Example Of Lease Flexibility Benefiting Car Makers

BMW Lets Drivers Out Of Leases

 

Another Example Of Lease Flexibility Benefiting Car Makers

 

BMW announced recently a program effective through the end of October that enables its lease customers to skip certain payments in an effort to boost sales of its new or certified used cars. BMW hopes to entice lease drivers by relaxing the strict policies of a lease contract.

 

Swapalease.com believes this latest…

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Added by John Sternal on October 17, 2012 at 1:06pm — No Comments

This Week's Edition of Autoline with John McElroy

Autoline Discusses State Of The Used Car Market

 

Check out this week's edition of Autoline with John McElroy, where the current state of the used-car market is discussed. Guests included Steve Finlay of Ward's Auto, Ron MacEachern of The Suburban Collection and Ricky Beggs, Managing Editor of Black Book. Important topics discussed included the impact older-model trade-ins are having on franchise dealers, and their ability to…

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Added by John Sternal on October 17, 2012 at 12:55pm — No Comments

National Report Finds Drivers’ Confidence in Jobs Still Murky

MIXED SIGNALS ON U.S. JOBS CARRIES OVER INTO AUTO INDUSTRY



Swapalease.com National Report Finds Drivers’ Confidence in Jobs Still Murky



The latest U.S. Jobs data again was underscored by mixed signals, with 114,000 jobs added on the positive yet continued shrinking of the overall labor force. Mixed data has carried over to the U.S. auto industry, where current jobs data offer a glimpse into the positives and negatives from a consumer’s perspective.…



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Added by John Sternal on October 11, 2012 at 12:30pm — No Comments

Trucks Continue To Retain Value Better Than Cars

Where Are The Most Volatile Prices In The Auto Market?

 

How was the market this past week? When looking at the car segment activity from Black Book data, the overall segment average change increased over the previous week to -$70. Within the various segments, most were pretty similar to the week before except for the Entry Level Cars (ELC) which had been pretty solid for the previous two weeks but requiring…

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Added by John Sternal on October 11, 2012 at 12:21pm — No Comments

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