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John Sternal's Blog – October 2013 Archive (3)

CREDIT APPROVALS CONTINUE SLIGHT DECLINE FOR CAR LEASE SEGMENT

Swapalease.com, the nation’s largest car lease marketplace, reports the latest year-to-date credit approvals average recorded at 72.7% in September, down slightly from a 74.5% approvals rate YTD in August. The average YTD approvals rate considered to be “healthy” is 70%, according to the company.



A new auto lease trend appears to have formed over the last three months, one that shows the approval rate slipping during the previous three months compared with the same time last year…

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Added by John Sternal on October 23, 2013 at 2:41pm — No Comments

FORD CAR LEASES SHOW INCREASE IN PRICES OVER LAST YEAR

Swapalease.com, the nation’s largest car lease marketplace, reports average car lease prices declined -2.0% year-over-year based on listings entering the market during September. Prices on leases averaged $582.02 in September, down from $593.66 in September of 2012. These prices compare to an average of $578.06 recorded during August. Ford’s popular Escape, Focus and Fusion models all showed significant price jumps on monthly payments recorded in September compared with the previous…

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Added by John Sternal on October 15, 2013 at 2:10pm — No Comments

Segments Trending Better Than Overall Change

It has been a busy week, but not overly active in the number of necessary adjustments. At 1450 vehicles adjusted per day throughout the last week, this is the smallest number since back at the end of August. As a comparison, the number of changes this past week is almost 640 per day less than the average daily change of 2090 per day for the entire month of October 2012.



With the smaller number of changes, how is the value change level reacting as compared to last week and even…

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Added by John Sternal on October 14, 2013 at 2:00pm — No Comments

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