John Sternal
  • Boca Raton, FL
  • United States
  • Merit Mile
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John Sternal posted blog posts
yesterday
John Sternal posted a blog post

Equifax and Oplogic Stop Synthetic Identity Fraud at Michigan Dealership

CRM driver’s license scan and advanced analytics reduce unwanted threats, even before the test driveCriminals are becoming more creative in their approach to commit synthetic ID fraud. According to the Federal Trade Commission, 1.7 percent of identity fraud complaints indicated that auto loans or leases had been generated fraudulently1, up from 0.8 percent in 2015. Equifax Inc. (NYSE:  EFX), a global information solutions company, is working with Oplogic, a…See More
Tuesday
John Sternal posted a blog post

Majority of Auto Leases Stabilize Prices Entering Summer

55.3% of Today’s Popular Leases Retain their Monthly Payment Prices Entering JuneWantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings, with prices on most of today’s popular leases holding steady from last month. Thirty-six different vehicles maintained their prices from the previous month to this month showing that lease prices are holding steady as we move into the summer months.Only one vehicle is currently…See More
Jun 14
John Sternal posted a blog post

NEW PROTECTIVE ASSET PROTECTION SURVEY SHOWS WHERE DRIVERS ARE USING THEIR VEHICLE SERVICE CONTRACT AND ANCILLARY BENEFITS

High Performance Tires and Wheels; Complex In-Vehicle Technology Benefits IncreaseProtective Asset Protection, a provider of F&I programs, services, and dealer-owned warranty programs, announced today results of the second part of its recent survey addressing consumer and dealer trends in Vehicle Service Contracts and Ancillary Protection Plans. According to the survey, 42% of respondents estimate their protection plan has saved them an average of $1000 - $2000 in savings on repairs or…See More
Jun 7
John Sternal posted a blog post

Lease Credit Approval Rates Rise to 70% For May

Lease Approval Ratings Continue to Climb Following Steady Monthly Approval Increases since January Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 70% approval rate entering May, a rise from the previous month’s rate of 67.3%. April experienced a higher number of applicants with qualifications that led to more approvals for taking over another person’s lease contract during the month.  April has statistically been a slower month for…See More
May 29
John Sternal posted blog posts
May 23
John Sternal posted a blog post

Swapalease.com Unveils Quarterly Auto Lease Trends Report for Q1 2018

FOR IMMEDIATE RELEASE   SWAPALEASE.COM UNVEILS QUARTERLY AUTO LEASE TRENDS REPORT FOR Q1 2018Report Shows Fewer Dealer Incentives on New Leases Driving More Shoppers to Secondary MarketSwapalease.com, the nation’s largest online car lease marketplace, today released its quarterly lease trends report for the first quarter, 2018. The report shows an increase in search activity across the board for nearly all brands in the Swapalease.com marketplace, indicating that a rising number of people are…See More
May 21
John Sternal posted a blog post

Military Lending Act: What Dealers & Lenders Must Know During Memorial Day

With the Memorial Day weekend coming up, I wanted to make you aware of some information and insight from Equifax regarding the Military Lending Act (MLA), and a few key things auto lenders and dealers should know when working with service members. According to Equifax: Dealers and lenders are still trying to better understand what they need to know about MLA, and whether it will continue to apply to…See More
May 15
John Sternal posted a blog post

Consumers & Dealers Still Prefer Lease Deals Despite Rising Incentives on Auto Loans

Lease Payments Still Lower Despite Falling Residuals; Dealers & OEMs Not In Agreement Swapalease.com, the nation’s largest car lease marketplace, has new data that show lease payments would still be more attractive than loan payments even after dealers and lenders instituted more aggressive incentives toward loans. Swapalease.com conducted a loan-versus-lease comparison of the same vehicle with $30,000.00 MSRP and analyzed monthly payment options with varying residuals and incentive…See More
May 9
John Sternal posted a blog post

Latest Auto Credit Trends Report from Equifax

Highlights: December 2017 and January 2018 saw a significant drop in lease originations as dealers and lenders placed more emphasis on incentives for auto loans.Subprime accounts saw a 9.5% decrease through January 2018, the lowest subprime share since 2006. Auto Originations Observations Originations through January 2018 reported as of March 2018 Auto: Total 2.01 million auto loans and leases, totaling $44.1 billion, have been originated year-to-date. This is a 4.1% decrease in accounts and a…See More
May 7
John Sternal posted blog posts
May 2
John Sternal posted blog posts
Apr 24
John Sternal posted blog posts
Apr 17
John Sternal posted blog posts
Apr 5
John Sternal posted blog posts
Mar 26
John Sternal posted a blog post

Racing to the Dealership: Baby Boomers and Millennials Show Off Their Credit Savvy in New Survey

New Equifax survey finds generational behavior differences in auto buying, prime & subprime Millennials believe they can afford vehicles at similar price pointsATLANTA, March 23, 2018 – When consumers need loans for auto purchases, understanding their own credit risk situation matters. In its latest consumer automotive survey, Equifax Inc. (NYSE:  EFX), a global information solutions company, analyzed automotive shopping and buying behaviors across prime…See More
Mar 23

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Which best describes you?
Vendor Partner
What company do you work for (or own)?
Merit Mile
What is your current position within your organization?
Director
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http://meritmile.com
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Google
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We are interested in sharing automotive insight, data and trends.

John Sternal's Blog

Equifax Reveals Additional Auto Consumer Credit Insights

Posted on June 21, 2018 at 9:32am 0 Comments

Customized searches, understanding buying power & pre-approvals can move the sales needle

Pre-approvals and credit checks remain a critical component of the automotive shopping process. Equifax Inc. (NYSE:  EFX), a global information solutions company, unveiled…

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Top Performing Segments During May Based on Shopper Interest

Posted on June 20, 2018 at 4:14pm 0 Comments

 Luxury Performance SUV/CUV: +34%

**Led the way in growth in May 2018 and interest was 10% higher than May 2017

Compact Performance: +18%

Luxury Coupe: +15%

Luxury Performance: +15%

Luxury Performance Sedan: +14%

 

Share of Interest percentage increases compared with previous month

 

Reasons Why Interest in Luxury Sports Cars is Falling Compared with Luxury Utilities

  • Back in 2016,…
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Equifax and Oplogic Stop Synthetic Identity Fraud at Michigan Dealership

Posted on June 19, 2018 at 9:10am 0 Comments

CRM driver’s license scan and advanced analytics reduce unwanted threats,

even before the test drive

Criminals are becoming more creative in their approach to commit synthetic ID fraud. According to the Federal Trade Commission, 1.7 percent of identity fraud complaints indicated that auto loans or leases had been generated fraudulently1, up from 0.8 percent in 2015.…

Continue

Majority of Auto Leases Stabilize Prices Entering Summer

Posted on June 14, 2018 at 2:36pm 0 Comments

55.3% of Today’s Popular Leases Retain their Monthly Payment Prices Entering June

Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings, with prices on most of today’s popular leases holding steady from last month. Thirty-six different vehicles maintained their prices from the previous month to this month showing that lease prices are holding steady as we move into the summer…

Continue

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