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Swapalease.com Releases Top 2009 Vehicle Searches List; American Cars Increasing, German Cars Dominate

Media Contact:
Jennifer Streets
(513) 381-0100 x 1006
jstreets@swapalease.com

CINCINNATI, Jan. 13, 2010

Swapalease.com, the world’s largest auto lease marketplace, released its list of the 2009 top vehicle searches. While the Germans dominated as they have in years past, this year domestic vehicles had a strong showing, accounting for nearly half of the top 20 searches overall.

Top 10 Import Vehicles in 2009

  1. BMW 3 Series
  2. BMW 5 Series
  3. Mercedes-Benz E Class
  4. BMW X5 Series
  5. BMW 7 Series
  6. BMW M3
  7. Porsche 911
  8. Audi A4
  9. BMW 6 Series
  10. Mercedes-Benz S Class

Top 10 Domestic Vehicles in 2009

  1. Cadillac Escalade
  2. Chevrolet Tahoe
  3. Chevrolet Corvette
  4. Cadillac CTS
  5. GMC Yukon
  6. GMC Sierra Pickup
  7. Jeep Wrangler
  8. GMC Acadia
  9. Chevrolet Traverse
  10. Chevrolet Suburban

2009 proved to be a tumultuous economy, one that the auto industry is still rebounding from in 2010. Swapalease.com bucked the trend, though, by continuing to grow and even reported increases in site traffic and lead generation. Traffic of consumers picking up leases, in particular, was on the rise last year due to the many benefits of taking over a lease on Swapalease: low monthly payments, short term commitment, and no money down.

"Our unique marketplace experienced a boost in 2009 partly because the economy was struggling and people needed a way out of their lease obligations without damaging their credit," explains Scot Hall, EVP of Operations for Swapalease.com. "We helped three times as many consumers out of their car leases in 2009 as we did in 2008 and helped eight times as many consumers to get into short term car leases, resulting in a win-win. Next year, as credit improves and repossessions decrease, Swapalease.com will have even more opportunities to help consumers."

Company officials point to improved social media integration and consumer engagement as a factor in improving awareness about Swapalease.com and stated that providing even greater customer satisfaction is the number one goal in 2010.

About Swapalease.com:
Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online using a patented process. First conceptualized in 1997, Swapalease.com has evolved into the leading automotive consumer online destination servicing all aspects of the automotive leasing lifecycle and provides programs (including new leases and for sale vehicles) for both consumers and dealers in the U.S. and Canada. The company is headquartered in Cincinnati, Ohio. For more information, call 866-SWAP-NOW or visit www.swapalease.com.

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About Swapalease

The leader in lease transfers and lease assumptions. Swapalease can help you exit your vehicle lease early by marketing your car lease to lease buyers seeking a short term lease assumption or lease transfer. Buyers can assume or takeover a lease that fits their payment budget as well as choose a lease term that meets their needs. Swapalease is the lease trade leader, the largest lease trader, and the pioneer in the lease transfer and lease assumption business. Swapalease is your best option for both entering and exiting automotive leases cost effectively.

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Time Magazine

Websites like Swaplease.com have helped facilitate such transactions. You pay to dump a lease, but the price can be thousands less than you would owe if you turned the lease in early to a dealer. Meanwhile, buyers can pick up some sweet rides for hundreds less than their normal cost, with short-term contracts and no down payment.

USA Today

Consumers aren't limited to what's being offered on the auto lots. They can buy a car, or take over someone else's lease on Web sites like Swapalease.com, a popular site that act as matchmakers between buyers and sellers.

Wall Street Journal

Terminating a Car Lease

The problem:

Getting out of a cal lease early
The Solution:

Find someone to take over your lease through service such as Swapalease.com. The site charges a fee to post a listing, and say finding someone is easiest for leases with 24 months or less left.

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