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John Sternal's Blog – November 2013 Archive (6)

How Will Truck Prices Affect Dealers?



Welcome to another edition of Black Book data and  Beggs on the Used Car Market. I’m Ricky Beggs Editorial Director at Black Book. Thank you for tuning in to see some very interesting movements in the market value over the past week. Looking at the various comments gathered and reported by the Black Book survey personnel and editors as they stood on the auction lanes gave us as much of a wide spread of impressions of the market as I can…

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Added by John Sternal on November 26, 2013 at 6:51am — No Comments

OCTOBER CAR LEASE PRICES CONTINUE RECENT RISING TREND

Swapalease.com, the nation’s largest car lease marketplace, reports average car lease prices for cars on the road rose 1.2% year-over-year according to October new listings. Monthly prices averaged $586.00 in October compared with $579.93 in October 2012. These prices compare to an average of $582.02 in September.



Among today’s popular leases, The Infiniti G37 saw the largest year-over-year increase, jumping 20.2% ($535.81) compared…

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Added by John Sternal on November 25, 2013 at 7:52am — No Comments

SWAPALEASE.COM: CAR LEASE CUSTOMER CREDIT APPROVALS LEVEL OFF IN OCTOBER



Swapalease.com, the nation’s largest car lease marketplace, reports credit approvals were relatively unchanged in October compared with the previous month. The year-to-date approvals for customer credit finished October at 72.8%, compared with September levels of 72.7%.



The current rate shows a marked improvement over last year’s percentage, when 64.4% of approvals were processed through the end of…

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Added by John Sternal on November 20, 2013 at 12:35pm — No Comments

Gas Prices Impacting Certain Segments

Hello and welcome to this week’s edition of Beggs on the Used Car Market, driven by data from Black Book. Congratulations to Bill Jensen of Chase Auto Finance as he was chosen as the Auto Finance Executive of the Year. Dan Kennedy of General Motors was selected as the National Remarketing Executive of the Year. Jeff Haynes of BBVA Compass was chosen and honored as the Re3 Executive of the Year covering the…

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Added by John Sternal on November 19, 2013 at 11:06am — No Comments

Full Size Cars And Sporty Cars Show Different Retention Trends

Here is the latest used car market report from Black Book and Ricky Beggs, Editorial Director. Thanks for taking the time to tune into this video market blog from Black Book. While out in the field for a couple of days this past week, the number of comments I received…

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Added by John Sternal on November 13, 2013 at 7:19am — No Comments

Several Car Segments See Large October Depreciation

According to Black Book data, used vehicles model years 2008-2012 overall depreciated -2.1% in October, marking a noticeable change from September data recorded at -1.3%. Domestic cars depreciated -2.5%; import cars were -2.3%; domestic trucks were -1.7%; and import trucks were -2.1%. Average pre-recession depreciation is historically between -1% and -2% monthly.



Full-size pickups and Full-size CUVs led all segments with the strongest monthly depreciation levels each at just -1.1%.…

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Added by John Sternal on November 11, 2013 at 7:57am — No Comments

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