Swapalease.com, a car lease marketplace, reports car lease credit applicants registered a 69.1% approval rate in July, a rise from the June rate of 65%.
Swapalease credit approvals registered 65% entering July, a drop from the 72.4% approval rate registered in May, the company announced.
New data from Swapalease.com’s survey-based Q1 lease trends report shows the decades-long domination of the lease market by sports cars and luxury sedans may be over.
Swapalease.com reports car lease credit applicants registered a 68.9% approval rate in November, a slight drop from the October rate of 70.9%.
Lease credit applicants registered a 70.9% approval rate in October on Swapalease’s marketplace, according to a company announcement.
Car lease credit applicants registered a 69.8% approval rate in September on Swapalease, a 3.9% drop from the previous month.
Retail customers may be moving away from luxury vehicles and toward trucks and SUVs for their leases, according an analysis from Swapalease.com.
Leasing activity was up in the second quarter of 2018, due in part to a growing use of lease incentives.
Lease credit approvals on Swapalease’s marketplace took a small dip in June, falling to 68.4%, the company noted in an announcement.
Retail leasing applicants registered a 70% approval rate on Swapalease during April, a 10% increase from the same time last year, the company announced.
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