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CAR LEASE CREDIT APPROVALS REACH NEW LOW FOR THE YEAR
Pace of Applications Continues to Rise; Approvals Continue to Fall
Cincinnati, OH (June 25, 2014)
Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals during the month of May were 60.6%, the lowest monthly level of the year and down from January when the approvals rate was at 70.6%.
Despite the overall approvals rating sliding down from a 2014 high in January, Swapalease.com attributes the recent slide to a significantly higher number of applications over the last two months. In fact, 44.7% more applications have been processed in May and April compared to the previous two months. Regardless, Swapalease.com considers the 70% approval mark to be “healthy” for the marketplace.
| 2014 Lease Credit Approvals & Data Comparison |
| 2014 | Monthly Apps | Year To Date | Year Ago Month | Year Ago YTD | Last 3 Mo | Last 12 Mo |
| Jan | 70.6% | 70.6% | 80.0% | 80.0% | 70.6% | 70.6% |
| Feb | 66.7% | 66.7% | 60.0% | 73.3% | 66.7% | 66.7% |
| Mar | 69.6% | 68.8% | 70.0% | 72.0% | 68.8% | 71.7% |
| Apr | 65.7% | 67.7% | 77.3% | 73.6% | 67.1% | 70.4% |
| May | 60.6% | 65.9% | 88.9% | 75.3% | 64.8% | 68.5% |
| Jun | |
| Jul | |
| Aug | |
| Sep | |
| Oct | |
| Nov | |
| Dec | |
