John Sternal's Blog (457)

Student Loan Debt Feels Impact On 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 11:14am — No Comments

Greater Year-Over-Year Depreciation

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 2:14pm — No Comments

WHICH LUXURY CAR BRANDS ARE SEEING A DECEMBER TO FORGET?

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 9:53am — No Comments

Values in Smaller Vehicles Alter During the Holidays

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 4:19pm — No Comments

Thanksgiving Makes Impact On Used Car Values

 

Here is the latest Used Car Market report, with…

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Added by John Sternal on December 4, 2013 at 12:18pm — No Comments

Ford Leases: More Popular & More Expensive

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 Swapalease.com…

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Added by John Sternal on December 3, 2013 at 9:13am — 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 11:58am — No Comments

Truck Segments Continue To Slide

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 remember…

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Added by John Sternal on November 26, 2013 at 9:44am — 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)…

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Added by John Sternal on November 25, 2013 at 10:49am — 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 3:33pm — No Comments

Gas Prices Impacting Certain Segments



Gas Prices Impacting Certain Segments



Cars & Trucks


One of the most often mentioned topics to the Black Book editors during the week was related to the coming increasing supplies of used vehicles and ultimately an adjustment in value retention. Currently the level of adjustment in the market values is a result of the beginning of a few more choices in the market,…

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Added by John Sternal on November 19, 2013 at 1:30pm — No Comments

Two Vehicle Segments Heading In Different Directions

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 from people who regularly watch…

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Added by John Sternal on November 13, 2013 at 10:12am — No Comments

Cars And Trucks See Large Depreciation in October

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 11:00am — No Comments

Which Used-Car Segment Dropped More Than $100 Last Week?

Following is the latest used-car weekly report from Ricky Beggs of Black Book USA. This data is for the week ending July 21, 2012.

Even though the overall market continues to move down at increasing dollar and percentage levels, the number of adjustments at 1,941 per day throughout the week was the 3rd lowest amount over the past 11 weeks. The average price…

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Added by John Sternal on July 25, 2012 at 1:30pm — No Comments

Used-Car Prices See Largest Decline Since February

Following is the latest used-car pricing report from Ricky Beggs at Black Book USA. For the full report visit their data and videos center.



Even though the activity increased week over week, there were some interesting changes within the market values for the week. The softening in values continues as only 11% of all adjustments were…

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Added by John Sternal on July 18, 2012 at 1:10pm — No Comments

Black Book Used Car Pricing Trends For Week of June 18, 2012

Following is the latest Black Book pricing data on the used-car market. Additional analysis and chart information can be found here.



It was an interesting week regarding the market values. Sure the softening trend continued. The car segments were overall at very close to the level of the previous 4 weeks, at -$31 this past week. The lone increasing segment in the cars was the Premium Sporty Cars (PSC) at…

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Added by John Sternal on June 20, 2012 at 1:54pm — No Comments

Black Book Online Offers New Features For Activator Technology

Boca Raton, Fla. - Black Book Online, the leading online vehicle trade-in sales lead generator, today announced an upgrade to its Activator™ platform with features designed to help automotive dealers generate more high quality trade-appraisal leads via mobile technology and social media.

 

New feature-rich…

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Added by John Sternal on June 1, 2012 at 1:26pm — No Comments

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