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John Sternal's ADM Blog (122)

2014 Lease Pull Ahead Program

2013 was dubbed the "Year Of The Lease", which means 2014 might be known for the "Year Of The Lease Pull Ahead". What is a lease pull ahead program and how might it impact the automotive industry?

Scot Hall, Executive Vice President of Swapalease.com, offers the following insight.



Lease pull ahead programs are used by manufacturers and dealers to entice lease drivers into turning in their leases early in order to “re-lease” another vehicle. It’s a forgiveness opportunity on…

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Added by John Sternal on January 22, 2014 at 5:53am — No Comments

Used Vehicle Prices Entering Tax Buying Season

Here is the latest used car market valuation report from Ricky Beggs and Black Book. The New Year is now in full swing. A non-SEC team has finally been named college football’s national champion. Now we are just a couple of…

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Added by John Sternal on January 20, 2014 at 1:33pm — No Comments

Vehicle Detainment Ends Stonger in 2013

According to Black Book data, used vehicles model years 2008-2012 overall depreciated -1.4% in December, slightly better retention compared to the -1.7% rate in November. Domestic cars depreciated -1.6%; import cars were -1.3%; domestic trucks were -2.0%; and import trucks were -1.0%. Average pre-recession depreciation is historically between -1% and -2% monthly.



For all…

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Added by John Sternal on January 16, 2014 at 8:28am — No Comments

In December Car Lease Credit Approvals Increased Slightly

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals were up slightly in December (73.3%) compared with November levels (70%). The overall approvals rate on the year finished at 72.7%, compared with a 2012 rate of 65.3%.



Holiday lease shopping from a higher population of well-qualified…

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Added by John Sternal on January 14, 2014 at 7:36am — No Comments

Returning To A full Week Of Movement

Hello and welcome to this week’s Beggs on the Used Car Market Report from Ricky Beggs of Black Book. Although this is the second Monday of 2014, this is the first current market focused report for 2014. For those of you who tuned…

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Added by John Sternal on January 13, 2014 at 10:55am — No Comments

Rising And Contingency In The Market

 

Welcome to 2014! This is the first of twelve editions of the monthly …

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Added by John Sternal on January 2, 2014 at 8:25am — No Comments

Has Movement, Gives Opportunity, and it's Obtainable

Following is the Used Car Market Report this week from the editors of Black Book. It is hard to believe another year has come and gone. It is exciting to think about what’s ahead within the used market as volumes continue to…

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Added by John Sternal on December 30, 2013 at 8:17am — No Comments

More Stability, Yet Active

Hello and welcome to this week’s edition of Beggs on the Used Car Market. I’m Ricky Beggs, Editorial Director at Black Book. We have completed the final full week of auction and market activity for 2013 as the final two weeks on the…

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Added by John Sternal on December 23, 2013 at 10:49am — No Comments

Wantalease.com Launch Conjoins Dealers With Car Lease Shoppers

A new online marketplace at www.WantALease.com has launched with the promise of helping car dealers connect and engage with car lease shoppers online. Dealers currently offer lease deals through a variety of platforms, but WantAlease.com is the first online marketplace to help them sell new leases to customers locally and in other parts of the U.S.



With WantALease.com, car shoppers throughout the country can…

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Added by John Sternal on December 20, 2013 at 12:23pm — No Comments

Student Loan Debt is Effecting Car Lease Credit Applications

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals were down slightly in November compared with October levels. The year-to-date approvals for customer credit finished November at 72.6%, compared with October levels of 72.8%.



Over the last three months, the lease credit approval rating has slipped to 67.9%, and under the 70% healthy level on the…

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Added by John Sternal on December 18, 2013 at 8:19am — No Comments

Reduction in Value Heightens From Previous Years

Here is the latest Used Car Market Report from Ricky Beggs and Black Book. There were definitely some interesting results from the market study and detail analysis. The initial chart I looked at shows the level of change in…

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Added by John Sternal on December 16, 2013 at 11:19am — No Comments

A DECEMBER TO FORGET CAMPAIGN FOR LUXURY CAR BRANDS?

Many of today’s luxury car brands are promoting their December holiday campaigns. But which luxury car drivers see the current month as a December to forget campaign for their car?



Swapalease.com analyzed all listings of its recent Black Friday holiday promotion, which offered deep discounts to people looking to escape their car lease through transfer. Of all popular luxury brands, Mercedes-Benz saw the largest population looking to escape at 21.6% of total listings. BMW drivers…

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Added by John Sternal on December 12, 2013 at 6:59am — No Comments

Changes Occur During Conventional Softness in Smaller Vehicle Values

Hello and welcome to this week’s Used Car Market Report from Ricky Beggs and Black Book. The Thanksgiving holiday and Black Friday are well behind us and we have had a full week of retail and wholesale activity to…

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Added by John Sternal on December 9, 2013 at 1:21pm — No Comments

The Affect of Thanksgiving on Used Car Values

Here is the latest Used Car Market report, with data from Ricky Beggs and Black Book. With an overall average segment depreciation of -1.7% during November, the market appeared to be better than the October average…

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Added by John Sternal on December 4, 2013 at 9:22am — No Comments

Rising Costs & Demand For Ford Leases



A recent analysis of prices on today’s most popular car leases from Swapalease.com reveals that the Ford Fusion and Escape have the second- and third-highest jump in prices, respectively, over the last twelve months. Monthly lease prices on the Escape have risen 13.0% since November 2012, and prices on the Fusion have gone up 17.1% during the same period. Only the Infiniti G37 has risen more at 20.2% over the last twelve months. The twist to this data is that a recent…

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Added by John Sternal on December 3, 2013 at 6:42am — No Comments

Specialty Vehicles Update For December

Welcome to the December edition of Beggs on the Specialty Markets, with data and analysis from Ricky Beggs of Black Book. The Black Book editors that focus their efforts to track and report the specialty markets…

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Added by John Sternal on December 2, 2013 at 9:04am — No Comments

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

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