“I am honored and privileged to join this exceptional group of business and community leaders,” Case said. “I look forward to working closely with them to fulfill the mission and vision of the board.” 

A 2022 Horatio Alger Award recipient, Case is president and CEO of Rick Case Automotive Group in Sunrise, Florida, the nation’s largest retail automotive group that is owned and operated by a woman. Today she operates 14 dealerships in South Florida and Atlanta, Georgia. Rick Case Automotive holds the world’s volume records for some of its brands and is in the top volume nationally for most of its brands annually. The company has also received multiple national honors for operational excellence.

Case, who serves on the board of the Horatio Alger Association, also sits on numerous boards and committees which have helped steer many groups collectively to raise more than $100 million in South Florida. Case has served on the Boys & Girls Club of Broward County board for more than 35 years and, with her late husband Rick, was instrumental in building 12 clubs, serving 12,000 members. Case serves on the board  for Nova Southeastern University and the Broward Workshop.

 With her husband, Case also founded many stellar charity events and established numerous charity contributions. In 1982, they launched their “Rick Case Bikes for Kids” program, which continues today and has provided more than 125,000 bikes to children in need during the holidays in South Florida and Atlanta, Georgia.

A graduate of the University of California, Davis, Case is also a jet pilot.

Federal Reserve Bank of Atlanta branch directors provide economic information from their industries and the branch territory to the district Bank’s president and head office directors, who use the information in discussing monetary policy options and making discount rate recommendations. The Board of Governors appoints three of the Miami Branch directors, and the Atlanta head office directors appoint four.

About The Rick Case Automotive Group

Celebrating 60 years in business in 2022, the Rick Case Automotive Group has been honored by Automotive News as the National All-Star Dealer and is one of the largest auto groups in America. With 14 dealerships in Florida and Georgia, the Rick Case Automotive Group offers Honda, Hyundai, Genesis, Ioniq, Volkswagen, Kia, Acura, Audi, Mazda, Maserati, Fiat, Alfa Romeo, Honda Motorcycles and E-Z-Go golf carts. Rick Case dealerships are known for holding national sales’ records, consistently ranking among the top performers in markets they serve. The Group’s national headquarters is located at 14500 W. Sunrise Blvd. in Sunrise, Florida. For more information, visit www.RickCase.com.

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ACERTUS, an omnichannel automotive logistics platform, today was named the preferred vendor for vehicle logistics by the National Independent Automobile Dealers Association (NIADA). This new, strategic partnership brings ACERTUS’ comprehensive technology to thousands of NIADA members nationwide – giving independent automobile dealers access to enhanced services to seamlessly move, store, recondition, title and home deliver vehicles to compete in today’s market.

Providing necessary technology to small and independent dealers is paramount to leveling the automotive retail playing field, allowing every auto dealer, no matter the size, to easily sell vehicles nationally and meet customers where they are without logistics or title and registration being a roadblock. The new dealermallUSA by NIADA provides association members access to a range of affiliated products and services supporting the needs of small and independent dealers, including ACERTUS’ proprietary Transportation Management System (TMS), VINlocity. Through ACERTUS’ platform, members can instantly connect to capacity of more than 7,400 carriers, 1,000 drivers, 66 hub and home delivery prep locations and title and registration processing capabilities in all 50 states, as well as get quotes, place and manage orders.

“Automotive retail has a long tail of small and independent dealers critical to meeting the current unprecedented demand for inventory,” said Trent Broberg, ACERTUS CEO. “Through this strategic partnership we can deliver technology to thousands of dealers, empowering and enabling them to expand the markets in which they can sell and acquire inventory, meet expectations for faster fulfillment and upshift the customer experience all on our logistics platform.”

The partnership kicks off during the 76^th annual NIADA National Convention and Expo in Las Vegas, Nevada bringing together independent dealers to learn the latest strategies, best practices, and emerging trends from the industry’s top minds, subject matter experts, and peers.

“Independent retailers are disproportionately feeling the effects of industry disruptions and inventory challenges,” NIADA CEO Bob Voltmann said. “NIADA members are calling for a solution to navigate these challenges and address the current gap between the independent dealers and the top 150 dealers and large digital retailers. ACERTUS provides a unique blend of technology, infrastructure and experience to empower our members to remain competitive.”

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ACERTUS, an omnichannel automotive logistics platform, today was named the preferred vendor for vehicle logistics by the National Independent Automobile Dealers Association (NIADA). This new, strategic partnership brings ACERTUS’ comprehensive technology to thousands of NIADA members nationwide – giving independent automobile dealers access to enhanced services to seamlessly move, store, recondition, title and home deliver vehicles to compete in today’s market.

Providing necessary technology to small and independent dealers is paramount to leveling the automotive retail playing field, allowing every auto dealer, no matter the size, to easily sell vehicles nationally and meet customers where they are without logistics or title and registration being a roadblock. The new dealermallUSA by NIADA provides association members access to a range of affiliated products and services supporting the needs of small and independent dealers, including ACERTUS’ proprietary Transportation Management System (TMS), VINlocity. Through ACERTUS’ platform, members can instantly connect to capacity of more than 7,400 carriers, 1,000 drivers, 66 hub and home delivery prep locations and title and registration processing capabilities in all 50 states, as well as get quotes, place and manage orders.

“Automotive retail has a long tail of small and independent dealers critical to meeting the current unprecedented demand for inventory,” said Trent Broberg, ACERTUS CEO. “Through this strategic partnership we can deliver technology to thousands of dealers, empowering and enabling them to expand the markets in which they can sell and acquire inventory, meet expectations for faster fulfillment and upshift the customer experience all on our logistics platform.”

The partnership kicks off during the 76^th annual NIADA National Convention and Expo in Las Vegas, Nevada bringing together independent dealers to learn the latest strategies, best practices, and emerging trends from the industry’s top minds, subject matter experts, and peers.

“Independent retailers are disproportionately feeling the effects of industry disruptions and inventory challenges,” NIADA CEO Bob Voltmann said. “NIADA members are calling for a solution to navigate these challenges and address the current gap between the independent dealers and the top 150 dealers and large digital retailers. ACERTUS provides a unique blend of technology, infrastructure and experience to empower our members to remain competitive.”

The post Acertus Ties the Knot With the NAIDA to Best Serve Indies and Others As Well appeared first on DealershipNews.com.

Yes, sticker price size matters. Yes, financing matters. Yes, credit availability matters. But what gets a person interested in a particular vehicle, and moving through the funnel, is what excites their eyes.

It’s the same reason why millions of people spend so much time on Instagram, or why they spend so much time making sure they have just the right set of photos for their Tinder profile.

Selling cars in an Instagram society

Just consider for a moment that there are over 1 billion active Instagrammers, and more than half of those users (500 million) are active every day. What’s more, 95 million photos and videos are shared on Instagram every day, and over 40 billion photos and videos have been shared on the Instagram platform since its conception¹.

Diamonds are a girl’s best friend, but it’s a good photo that gets their attention, and to buy a car.

So, other than the obvious (higher sales), why should dealers care so much about better photos? Because without them they’re literally flushing money down the drain. Borrell Associates expects auto dealers will spend roughly $9.4 billion this year on advertising and marketing² — up 8.8% compared with 2021.

Online technology makes the photo process different

That’s a lot of money for a segment of the industry notoriously careful about advertising expenditure. However, the problem dealers run into isn’t the decision on whether to spend on advertising, but rather “how” they go about that spending. Especially when it comes to vehicle photos, online technology has become extremely advanced, and you can’t pull out a polaroid, snap a few quick pics and expect to grab someone’s attention anymore. In fact, without understanding all of today’s technical nuances of photography, your photos may not even make it to Google.

Across the hundreds of dealership advertising campaigns, we observe and consult on each month across the U.S., we typically see about half of dealership vehicle inventory photos disabled and rejected by search engines after initially posted due to poor image quality, overlays, dumb text, etc. Educating dealers on the finer intricacies of acceptable photography today, and how that translates over to their marketing technology needs remains mission number one.

Good vehicle photos aren’t just point-and-shoot

Dealers today have two primary areas of need when it comes to building the right vehicle image inventory – the right resources to take the photos, and the right training on understanding how to take good photos. Like many other areas of digital business today, there are plenty of apps and software available where dealers can upload their photos. But if they don’t have the right equipment and training, all of that software is like a shirtless guy on Tinder holding a fish – it’s useless, and it won’t get you paid. And training is important because dealership turnover remains a significant issue. Your best in-house vehicle photographer might be here today and gone tomorrow, so finding a partner with unlimited employee training is critical.

Once the photos are taken and uploaded, there’s one more key element that today’s apps and software won’t help with – professional editing. Vehicle images must offer the right angles, light balance, straightness and color corrections. These minor details can mean the difference between someone falling in love with their next BMW or moving on to see a Lexus.

The last thing to point out with photos today is quality control. Whether it’s used or new inventory, when it shows up on the lot the photos must be taken, and taken right. This is especially important today, where used and pre-owned inventory is just as critical as new. When vehicles come out of reconditioning, professional editors must catch every little detail, such as a photo of a vehicle with no bumper – it happens more than you think.

Understanding each of these photography best practice areas will be critical to not only meeting and surpassing monthly sales goals, but they will help ensure car shoppers remember the superior online shopping experience they had in your digital storefront. The right vehicle photography will keep them coming back, improve sales, and ensure that you’re not wasting digital marketing dollars each month on search engines. 

About The Author: Peter Duffy is the Founder/CEO of Dealer Image Pro, a professional photo, video & 360 software company based in California. Dealer Image Pro helps hundreds of dealers take their merchandising in-house by offering the equipment, unlimited training, and professional editing, and quality control for all of the dealers they work with. They are experts in-house merchandising and studio design for auto dealers. For more information visit https://www.dealerimagepro.com/.

Appendix:

1: https://www.wordstream.com/blog/ws/2017/04/20/instagram-statistics

2: https://www.mediapost.com/publications/article/370082/automotive-dealerships-poised-to-spend-94-billio.html

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CINCINNATI, OHIO (August 23, 2021) – Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 70.0% approval rate in July. The approval rate is an increase from the 67.6% rate in June.
 
The July number is also higher than the approval rate at the same time last year, when the approval rate was only at 65.1% after a few months of the pandemic setting in. The increase indicates consumer credit levels are also holding steady as more people are vaccinated from COVID-19. Additionally, households continue to save stimulus relief provided by the government.  
 
As opposed to consumer borrowing, many are utilizing their savings accrued during the pandemic toward paying debt. With consumers reigning in their credit usage as well as lowering revolving debt, Americans are now looking to upgrade their vehicles to a newer model but are searching channels such as Swapalease.com for inventory that may not be readily available at a dealership. 

 Swapalease.com believes many of its site visitors and vehicle customers have solid credentials available to take over a person’s vehicle lease. The stability to have more flexibility in leasing through economic uncertainly may contribute to an increase in shoppers looking to lease vehicles through the secondary market – where lease payments are much more appealing than what’s offered at a dealership. 

“Since credit strength is continuing to stabilize due to the figures maintained throughout the third and fourth quarters, lease credit approvals slightly decreased during the months of May and June,” said Scot Hall, Executive Vice President of Swapalease.com. “Since Americans were either saving or paying down debt with their government stimulus money, consumer credit confidence ultimately grew. This has led to an increase in credit approvals during the month of July – hinting at larger spending in future quarters.”
 
Swapalease.com matches a person wanting out of their existing vehicle lease contract with a car shopper looking to take over a short-term vehicle lease. The marketplace has thousands of cars and trucks available for transfer to anywhere in the continental U.S.

Sarah Caro
Merit Mile
scaro@meritmile.com 

The post SWAPALEASE.COM RELEASES LATEST FIGURES ON LEASE CREDIT APPROVALS SHOWING AN INCREASE FOR JULY appeared first on DealershipNews.com.

Electrified vehicle sales growth of 81% led industry growth. Sales of EVs grew 44.8% year over year, setting a Q1 record with just under 100,000 sales. Sales of hybrid vehicles exceeded more than 200,000 in the quarter which makes sense as gas prices in California, for example, are now reaching $5 a gallon.

Cox Automotive and Kelley Blue Book analysis chart:

Cox and Kelley Blue Book Analysis:

Tesla sold approximately 69,300 vehicles in Q1 and accounted for 71% of total EV sales in Q1, down from 12% share in Q1 2020 as others jump in the game.

The new Tesla Model Y is the best-selling EV in the U.S., followed by the Tesla Model 3. The Model 3 was the No. 1 best-selling EV in 2020, but sales in the U.S. market declined by more than 50% year over year in the first quarter of 2021. The Chevrolet Bolt was No. 3 on the EV list, with nearly 10,000 sales in the quarter. The all-new Ford Mustang Mach-E, which went on sale in December, was No. 4, outselling both the Tesla Model S and Model X. 

While sales of EVs are increasing, hybrid sales are increasing more quickly, according to the Cox Automotive analysis. Sales of hybrid and plug-in hybrid vehicles jumped by 106% in Q1. Toyota, a hybrid pioneer, delivered most of that growth, selling 124,449 electrified vehicles in Q1, up from 49,576 in Q1 2020. Nearly 25% of new Toyota vehicles are now hybrids. The Toyota RAV4 Hybrid is now the best-selling hybrid in the U.S., with sales of 32,263 vehicles in the first quarter. The new Toyota Sienna minivan, which is available exclusively as a hybrid, is No. 2 with sales of 26,044.   

In all, there are more than 60 different hybrid or plug-in hybrid vehicles now available in the U.S. Honda is the No.2 hybrid maker, with more than 22,000 hybrids sold in Q1. Honda’s electrified tally was 7.1% of its total Q1 sales volume, up from 3.5% in Q1 2020. Ford is the No. 3 player with more than 18,000 hybrids sold, including 7,176 F-Series pickups. Volvo sold more than 2,800 electrified vehicles in the first quarter, accounting for 11.5% of the brand’s total sales in Q1.

“Electrified vehicle growth in the U.S. and around the world is shining a spotlight on battery development and sourcing,” said Cox Automotive Executive Analyst Michelle Krebs. “As the industry builds more vehicles with battery packs, sourcing of these parts and lifetime management of the battery cells is a critical hurdle the industry must clear.”

About Cox Automotive
Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company’s more than 27,000 team members and family of brands, including Autotrader^®, Clutch Technologies, Dealer.com^®, Dealertrack^®, Kelley Blue Book^®, Manheim^®, NextGear Capital^®, VinSolutions^®, vAuto^® and Xtime^®,are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com

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• Trade-in Estimate: 71% 
• Virtual Test Drive: 64% 
• Contactless Delivery Options: 61% 
• Build Your Vehicle: 57% 
• Lease/Payment Calculator: 52% 
• Finance App: 46% 

Price & Payment Trends During Shopping 

• 48% of car shoppers say they still budget by total vehicle price; while 42% budget by monthly payment. 
• 46% of car shoppers say they included the value of their trade-in when budgeting for their next vehicle. 
• 31% of consumers said the dealer offered a slightly different payment onsite as advertised. 

Advertising Trends 

• 58% of consumers said the dealer had either a slightly different vehicle onsite as advertised, or a completely different vehicle. 
• Most people (76%) visited their local dealer after viewing an advertisement via an online video (YouTube); followed by streaming TV (72%); social media (71%); and search via Google (70%). 
• Only 32% of people reported visiting a local dealer after seeing or hearing an advertisement on traditional media (broadcast/cable TV, radio or newspaper). 

Vehicle Delivery/Online Purchase Trends 

• Nearly the same number of respondents said they had their vehicle delivered to them directly (29%) as those who said they picked up their car at the dealership (30%). 
• However, another 26% said they would have purchased their car or truck completely online had the dealership offered that option.

 “These survey results illustrate where car shoppers have been focused in leveraging the growing cadre of digital retailing tools being implemented by retailers today,” said Jeremy Anspach, PureCars Founder and CEO. “Since we now understand the effects the pandemic has had on the car-buying process, it’s good to start analyzing where consumers are most interested, and the changing role digital advertising is playing in driving people to the showroom.”  

About PureCars 

PureCars is an automotive MarTech company that’s in the business of transforming the way dealers, dealer groups, Tier 2 and Tier 3 providers make decisions that impact their bottom line — from advertising to operations. Everyone claims to have data, but only PureCars has PURE Intelligence, giving dealers a competitive edge. By providing superior information and execution, we give our customers precisely what they need to operate more efficiently, lower their cost per unit sold and win in their market. PureCars has been serving the automotive industry exclusively since 2007. We are a certified digital provider for 15 OEMs in the U.S. and 1 in Canada, compliant with 40+ brands and serve 65 of the top 100 dealer groups in North America. 

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Paul Malone joins ACERTUS to lead revenue generation and sales operations across global organizationMay 25, 2021 08:00 AM Eastern Daylight Time

ST. LOUIS–(BUSINESS WIRE)–ACERTUS, a tech-driven automotive logistics and services company, today announced the appointment of Paul Malone to the role of chief revenue officer (CRO). In this newly created position, Malone will lead global sales operations, drive revenue growth, and support ACERTUS’ ongoing mission to be a leader in automotive logistics.

“ACERTUS provides unique and unparalleled value to the automotive industry which is currently in the midst of significant disruption. Our comprehensive service offering, proprietary technology solutions and unrivaled focus on the customer have proven to be a winning proposition”Tweet this

“We have built a high-velocity, world-class sales organization and with Malone at the helm, we are well-positioned to enter our next phase of growth,” said Trent Broberg, ACERTUS chief executive officer. “A proven leader, Paul brings a track record of building and managing high-growth sales organizations along with deep transportation technology experience which made him uniquely positioned for this critical role.”

From this leadership position, Malone will oversee global sales efforts, identify new revenue streams, partnerships and opportunities to augment ACERTUS’ growth. This appointment comes at a time of record expansion for ACERTUS. The company was recently recognized by Inc. Magazine for a second year in a row as one of the fastest-growing companies in the United States.

“ACERTUS provides unique and unparalleled value to the automotive industry which is currently in the midst of significant disruption. Our comprehensive service offering, proprietary technology solutions and unrivaled focus on the customer have proven to be a winning proposition,” said Malone. “I look forward to further accelerating our customer success and global growth.”

Malone, ACERTUS’ first CRO, excels at leading teams through major transitions including acquisitions, IPOs, and rapid growth bringing more than 20 years of logistics experience at a at leading companies such as CargoMatic, Truckstop.com, and Swift.

About ACERTUS

ACERTUS is an automotive logistics as a service platform. We believe in enhancing our customers’ experience by providing integrated, end-to-end solutions throughout the lifecycle of a vehicle including vehicle transport, title and registration, vehicle storage, care and maintenance, vehicle home delivery and compliance services. Our people, process, innovative technology and relentless drive to deliver are just some of the reasons we made Inc. Magazine’s list of the 5000 fastest-growing companies in the U.S. for 2 years in a row. For more information, call 855-ACERTUS (855-223-7887) or visit www.ACERTUSdelivers.com.

Contacts

Lindsey Creech
(O) 678.973.4156
Lindsey.Creech@acertusdelivers.com

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The week-over-week increases continued for a sixteenth consecutive week. With the availability of used and new inventory remaining low, the values continue to push higher. New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.

Car Segments

• Car segment gains ticked up slightly this past week (+1.30%) compared to the week prior (+1.25%).
• Seven of the nine car segments had gains exceeding +1.00%.
• Compact Cars are no longer experiencing weekly gains exceeding 2%, but the nine-week average increase is +2.04%.
• For the first time since mid-March, the Sub-Compact Car segment had increases below 1%.
• Near Luxury Car increased the rate of gains this past week (+1.22%), compared to the prior week (+1.04%).
• Sporty Cars continue to see large gains (+1.24%), compared to +0.36% during this same week in 2019.

Truck Segments

• Truck segment gains increased this past week (+1.12) compared to the previous week (+0.98%).
• All thirteen truck segments reported gains last week, with six exceeding +1.00%.
• Compact Crossovers led the gains at +1.86% this past week. In comparison, this same week in 2019, the segment showed a decline of -0.08%.
• Most of the Luxury segments have seen value increases decline in magnitude, but compared to 2019, all of these segments were experiencing declining values. For example, Full-Size Luxury declined by -0.59% during this same week in 2019.

Newer Used Vehicles (0-2-year-old)

Driven by an extreme shortage of rental returns and limited inventory of new vehicles, the price trends of newer used vehicles have been experiencing larger weekly gains compared to the older units. Within the last three weeks, newer used units reached levels that, in some cases, exceed new car pricing while the rate of growth has slowed for older units. For example, in addition to F150 Raptor, 2020-21 Chevrolet Corvette, and 2021 Jeep Gladiator and Wrangler, dealers are paying above MSRP for 2021 Kia Telluride and Hyundai Palisade, as well as other mainstream models.

The table below shows the average weekly price changes for 0-2-year-old vehicles.

Weekly Wholesale Index

2020 ended with used wholesale prices at elevated levels. With economic patterns (including the automotive market) driven by the pandemic, normal seasonal patterns (e.g. 2019 calendar year) in the wholesale market were not observed for most of the year. We saw a similar picture in 2009, at the end of the Great Recession. It is now clear that 2021 will also not have typical seasonality patterns as the market is going through a rapid increase in wholesale values. The spring market arrived about 7 weeks earlier and with much stronger price increases compared to a typical pre-COVID year. The graph below looks at trends in wholesale prices of 2-6-year old vehicles, indexed to the first week of the year. Currently, wholesale prices are more than 27% higher compared to the beginning of the year (adjusted for the mix).

Retail (Used and New) Insights

• General Motors announced price increases on their 2021 GMC line-up with most of the increases ranging from $50 to $800 to be applied to the base MSRP.
• Electrification is in the plans for the majority of OEMs now with major announcements coming out every few weeks about new models to come:
  • On May 19^th, Ford will unveil their electric Full-Size Pickup, to be called F-150 Lightning.
  • Porsche announced their plans to release an all-electric Macan variant in 2023, after a refreshed gasoline powered Macan will be released in 2022.
• The global microchip shortage continues to wreak havoc on production levels. Nissan announced they are expecting to see a reduction of 500,000 units in 2021.

Used Retail Prices

With the proliferation of ‘no-haggle pricing’ for used-vehicle retailing, asking prices accurately measure trends in the retail space. Retail demand slowed down at the end of last year, and thus resulted in declining retail asking prices over the last several weeks of 2020. As demand rebounded in January, retail prices seemed to lag wholesale prices – retail asking prices continued to decline throughout January and remained stable in February. March had an accelerated growth in retail prices, but the rate of growth is still lower compared to the increases of wholesale prices. In April, retail prices picked up speed as demand accelerated, fueled by stimulus payments, tax season, and shortages of new inventory. Currently, the prices are more than 15% above where we started the year.

This analysis is based on approximately two million vehicles listed for sale on US dealer lots. The graph below looks at 2-6-year-old vehicles.

Volume

Used Retail

Current used retail listing volume is about 14% below the start of the year, but the inventory levels stabilized in the last 4 weeks.

Days-to-turn have been decreasing since the middle of March, as retail demand picked up across the country due to tax returns and the additional round of $1,400 stimulus checks deposited into consumers’ bank accounts.

Wholesale

• Floor pricing continues to increase each week, but availability of average and clean units remains scarce which is leading to declining conversion rates in recent weeks.

• Despite the limited inventory on dealer lots, many dealers are finding themselves receiving greater profit margins in the wholesale channel as opposed to their own retail lots.
• Armed with the knowledge that their available inventory in the pipeline is extremely limited, remarketers are finding that they are able to continue to raise their floors and hold firm on their set values. They plan to accept a no-sale this week with the expectation it will sell the next.

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While Many Lease Payments Hold Steady, Some Brands Decrease Monthly Rates While Others  
Test an Increase in Rates 

CINCINNATI, OHIO (March 22, 2021) – Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings for the month of February. Many lease payments are holding steady from January to February. However, there are a few car brands continuing to lower monthly rates while others increase their rates. 

Like last month, both Honda and Toyota are continuing to decrease leasing payments. The largest decreases for the month included the Honda Civic with an -11.16% decrease, the Toyota RAV4 with a -6.84% decrease, and the Honda Pilot with a -5.38% decrease. The Honda Civic is offered at $159 per month, the RAV4 is offered at $189 per month, and the Honda Pilot is offered at $309 per month. 

The largest lease increases include the Acura MDX, with a 15.48% increase from January, the Audi A3 with a 13.16% increase, and the Chevrolet Silverado truck with an 8.60% increase. The Acura MDX is listed at $469 per month, the Audi A3 is listed at $369 per month, and the Chevrolet Silverado is listed at $299 per month. 

“While there were a few large increases and decreases in lease rates from January to February, most vehicle leasing payments stayed relatively steady,” said Scot Hall, Executive Vice President of Wantalease.com. “It will be interesting to see what changes in the industry as more Americans begin to receive their stimulus.” 

Currently, both the Honda Civic and the Ford Focus are priced the lowest of all leases coming in at just $159 per month. The Nissan Sentra’s leasing rate held steady from last month and is listed at $169 per month. 

Other slight lease increases include the Nissan Altima with a 3.37% increase and the BMW X5 M50i with an additional increase from last month. The Nissan Altima is now offered at $229 per month and the BMW X5 M50i is now offered at $1,069 per month. 

Wantalease.com is a sister marketplace to Swapalease.com, the nation’s largest online marketplace for leases.  

About Wantalease.com:   

Headquartered in Cincinnati, Ohio, Wantalease.com is the world’s first online automotive marketplace for new car leases. For more information visit www.WantAlease.com.  

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