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

LEASE CREDIT APPROVAL RATES RISE TO 72% TO CLOSE OUT 2019

Lease Approval Ratings in December Reached Their Highest Number Since September of 2019Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72% approval rate in December, a rise from the November rate of 67.1%.December experienced a slightly higher number of applicants with qualifications for taking over another person’s lease contract and one of the highest approval rates for the 2019 year. The approval rate is consistent with 2018 data…See More
yesterday
John Sternal posted a blog post

New Lease Data Forecasts Which Red Vehicles Will Be Priced Best For Valentine’s Day

Wantalease.com Data Shows Which Manufacturers could offer Attractive Lease Deals for February based on January Lease Data TrendsWantalease.com, the nation’s first online marketplace for new lease deals, reports the latest update on new lease offerings for the month of January, and forecasts which red vehicles will be best to lease for Valentine’s Day in the month of February. Several manufacturers offered attractive discounts and competitive pricing on mid-size cars and SUVs, while most compact…See More
Jan 21
John Sternal posted a blog post

Auto Loan Originations Observations From Equifax

Key Insights and Data:Auto Loan Originations ObservationsOriginations through September 2019 reported as of November 201918.8 million auto loans, totaling $442.5 billion, have been originated year-to-date. This is a 0.5% increase in accounts and a 4.1% increase in balances over this time last year.Auto loans represent 86.4% of all auto account originations and 89.9% of all auto origination balances YTD.3.98 million auto loans have been originated YTD to consumers with a VantageScore® 3.0 credit…See More
Jan 14
John Sternal posted a blog post

Swapalease.com Releases Holiday Trend Report Highlighting Consumer Preferences On Automotive Shopping And Spending

Survey Results Reveal Consumer Buying and Leasing Habits, Preferences, and Shopping NeedsSwapalease.com, the nation’s largest car lease marketplace, announced today the results of a holiday shopping survey, revealing consumer shopping trends and spending motives. Respondents were asked about the types of vehicles they were shopping for, how they shop for a vehicle, motivating factors in selecting their next vehicle as well as their opinions on holiday automotive marketing.Respondents were first…See More
Dec 17, 2019
John Sternal posted a blog post

Beep Appoints Clayton Tino as Chief Technology Officer

Extensive Experience in Engineering, Platform Design and Software Developmentto Innovate and Scale Mobility PlatformBeep, a Florida-based autonomous mobility solutions company, today announced it has appointed Clayton Tino, Ph.D., as Chief Technology Officer. In this role, Tino will focus his efforts on defining and managing Beep’s product strategy and delivery.Tino has extensive technology experience in platform design and software development. Prior to joining Beep, he established and ran the…See More
Dec 11, 2019
John Sternal posted a blog post

New Lease Data Forecasts Which Vehicles are Best Price to Lease in the Month of December

Wantalease.com Data Shows that Cars and SUVs could offer Attractive Lease Deals for December Year-End Promotions based on November Lease TrendsWantalease.com, the nation’s first online marketplace for new lease deals, reports the latest update on new lease offerings for the month of November, and forecasts new leasing trends for the month of December.  Several manufacturers offered attractive discounts and competitive pricing on compact cars and SUVs, while most luxury and full-size vehicle…See More
Nov 26, 2019
John Sternal posted blog posts
Nov 14, 2019
John Sternal posted blog posts
Oct 28, 2019
John Sternal posted a blog post

Inovatec Systems Corp. Partners with Inverite Verification in Strategic Partnership

Inovatec Systems Corp., a provider of industry-leading, cloud-based software solutions for all financial institutions, and Inverite Verification, the leading open-banking provider with coverage for over 275 Canadian Financial Institutions, today announced their strategic partnership to increase operational efficiencies for lenders.  Inovatec will integrate with Inverite to increase the speed of lending decisions through income verification, transaction history and risk scores to help lenders…See More
Oct 22, 2019
John Sternal posted a blog post

5 “Spooktacular” Lease Deals for Halloween

Swapalease.com Compiled 5 Most Reasonably Priced Automobile Leases Around the CountrySwapalease.com, the nation’s largest car lease marketplace, today announced the five best lease deals for the Halloween holiday. Vehicles were selected by Swapalease.com advisors based on new lease price data for the month of October. Swapalease.com customer advisors help guide shoppers into the right lease vehicle that fits their automotive needs.The “spooktacular” lease deals are as follows:Honda…See More
Oct 8, 2019
John Sternal posted blog posts
Sep 25, 2019
John Sternal posted a blog post

Lease Credit Approvals Dip Slightly To 68.9% in August

Lease Approval Ratings Drop Slightly in August Following Increase in JulySwapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 68.9% approval rate in August, a slight dip from the July rate of 69.1%. August experienced a higher number of applicants with qualifications for taking over another person’s lease, as well as the highest number of applicants year-to-date. The month had a slightly lower approval rating than August of 2018, where…See More
Sep 18, 2019
John Sternal posted a blog post

Auto Loan & Lease Origination Data Through April 2019

Here is the most recent auto loan and lease origination data and trends from Equifax.  Key Highlights: The percent of subprime to the total originations is at the lowest point since 2011 (currently at 20.7%). Auto Loan Originations Observations reported through April 20197.96 million auto loans, totaling $183.9 billion were originated year-to-date. This is a 0.3% decrease in accounts and a 2.3% increase in balances over this time last year.Auto loans represent 86.6% of all auto account…See More
Sep 11, 2019
John Sternal posted a blog post

PROTECTIVE ASSET PROTECTION INTRODUCES ITS DEALER TRAINING INSTITUTE

Online Training Program Helps F&I Personnel Better Understand Product Offerings To Elevate Profit and Customer Satisfaction LevelsProtective Asset Protection, a provider of F&I programs, services and dealer owned warranty company programs, recognizes the significant importance of ongoing dealer and F&I personnel training with its Training Institute. The online curriculum program offers training for a diverse set of today’s most popular F&I products to help dealers increase…See More
Sep 5, 2019
John Sternal posted a blog post

MAJORITY OF TRUCK AND SUV PRICES DROP IN AUGUST PENDING 2020 RELEASES

While 67% Of Auto Lease Prices Remained Steady in August, Trucks and SUVs Experienced Significant Price DropsWantalease.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 August.  Over 33% of today’s popular automotive manufacturers of trucks and SUVs offered generous discounts on new lease deals.While most car prices have remained steady in August, manufacturers offered discounts on all categories of…See More
Aug 26, 2019
John Sternal posted a blog post

Swapalease Data: Are Crossovers Not in Demand for Leasing?

Crossovers Not Seeing Growth in Leasing?A year ago, roughly 7.4% of drivers polled said they would shop for a crossover if they needed to go out and lease a vehicle that day. A year later, that number dipped slightly to 7.1%. With all the explosive growth in Crossover production, is it not a vehicle that appeals to the lease crowd?Does Payment Threshold Really Matter?A year ago, the average lease payment was listed at $474.80. Today this number is $506.13, an increase of 6.8% on payment…See More
Aug 20, 2019

Profile Information

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
What is your company website?
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

LEASE CREDIT APPROVAL RATES RISE TO 72% TO CLOSE OUT 2019

Posted on January 27, 2020 at 11:20am 0 Comments

Lease Approval Ratings in December Reached Their Highest Number Since September of 2019

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72% approval rate in December, a rise from the November rate of 67.1%.

December experienced a slightly higher number of applicants with qualifications for taking over another person’s lease contract and one of the highest approval rates for the 2019 year. The approval rate is…

Continue

New Lease Data Forecasts Which Red Vehicles Will Be Priced Best For Valentine’s Day

Posted on January 21, 2020 at 4:41pm 0 Comments

Wantalease.com Data Shows Which Manufacturers could offer Attractive Lease Deals for February based on January Lease Data Trends

Wantalease.com, the nation’s first online marketplace for new lease deals, reports the latest update on new lease offerings for the month of January, and forecasts which red vehicles will be best to lease for Valentine’s Day in the month of February. Several manufacturers offered attractive discounts and competitive pricing on mid-size cars and…

Continue

Auto Loan Originations Observations From Equifax

Posted on January 14, 2020 at 11:29am 0 Comments

Key Insights and Data:

Auto Loan Originations Observations

Originations through September 2019 reported as of November 2019

  • 18.8 million auto loans, totaling $442.5 billion, have been originated year-to-date. This is a 0.5% increase in accounts and a 4.1% increase in balances over this time last year.
  • Auto loans represent 86.4% of all auto account originations and 89.9% of all auto origination balances…
Continue

Swapalease.com Releases Holiday Trend Report Highlighting Consumer Preferences On Automotive Shopping And Spending

Posted on December 17, 2019 at 9:54am 0 Comments

Survey Results Reveal Consumer Buying and Leasing Habits, Preferences, and Shopping Needs

Swapalease.com, the nation’s largest car lease marketplace, announced today the results of a holiday shopping survey, revealing consumer shopping trends and spending motives. Respondents were asked about the types of vehicles they were shopping for, how they shop for a vehicle, motivating factors in selecting their next vehicle as well as their opinions on holiday automotive…

Continue

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