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

Survey: 80% of Automotive Dealerships Report Partnering with Fewer than Twenty Lenders, Highlighting Competitive Financial Marketplace

Data Reveals Importance of Accuracy and Efficiency in Lending ProcessesBURNABY, BC (August 10, 2020) - Inovatec Systems Corp., a provider of industry-leading, cloud-based software solutions for all financial institutions, announced today the results of its latest survey, where dealers reported partnering with fewer than twenty lenders to finance automotive loans, highlighting a competitive financial marketplace for lenders. The data sheds light to the importance of accurate and efficient…See More
yesterday
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John Sternal posted a blog post

PureCars' Multi-Channel Digital Advertising Platform Selected By Toyota For Dealer Parts & Service Program

Leading Digital Advertising Platform Helps Toyota Dealers Promote Fixed Ops Programs & OffersATLANTA, July 15, 2020 -- PureCars, a leading provider of digital marketing and advertising insights for automotive dealers, today announced it has expanded its strategic OEM partnership with…See More
Jul 15
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John Sternal posted a blog post

Dealers See Bottom-Line Benefits from a Thorough F&I Product Portfolio Review

The world has witnessed drastic changes in just a few short months. The economic fallout from the COVID-19 pandemic has impacted nearly 50 million workers since the end of February, according to Mark Zandi, chief economist at Moody’s Analytics in a recent CNBC1 report.While Moody’s also believes “the COVID-19 recession is over1,” automotive dealers of every size should be taking this time to review every aspect of their business to ensure maximum readiness for when the economy truly turns…See More
Jul 9
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John Sternal posted a blog post

Used vs. New Sales Trends Week of July 4

Topic Expert: Jeremy Anspach, CEO of PureCarsBackground: New-car inventory at the beginning of June was down by a third, compared to the same time last year, according to research from Edmunds.com. At the same time, June auto sales climbed about 3.3% from May, although they are down by 30% compared to a year earlier, according to estimates from Cox Automotive. So, what IS moving as we head into July? Jeremy Anspach from PureCars offers the latest breakdown in make/model and new/used sales data…See More
Jul 8
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John Sternal posted a blog post

PureCars' Automotive Marketing Platform Receives Digital Advertising Certification For The Honda Dealer Program

Leading Digital Advertising Platform Helping Auto Dealers Drive Consumer Demand From COVID-19ATLANTA, July 1, 2020 -- PureCars, a leading provider of digital marketing and advertising insights for automotive dealers, today announced it has been certified as one of the official providers of digital advertising for the …See More
Jul 1
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John Sternal posted blog posts
Jun 18
John Sternal posted a blog post

Beep Partners with USDOT, AV Industry, and State Transportation Departments for AV Test Initiative

Beep among initial participants selected to promote the safe development and testing of autonomous vehicles across the United StatesBeep, an Orlando-based autonomous shuttle service provider, is among 17 initial participants selected by the United States Department of Transportation  (USDOT) and the National Highway Traffic Safety Administration (NHTSA)  for the Automated Vehicle Transparency and Engagement for Safe Testing Initiative (AV TEST…See More
Jun 16
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John Sternal posted a blog post

Are Car Shoppers Getting “COVID Fatigue” In Dealer Ads?

View the latest COVID-19 data report from PureCars.Background: We’re far from “all clear” but evidence of COVID fatigue is everywhere you look. Depending on where you live, you can either step outside or see the myriad ofpictures…See More
Jun 10
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John Sternal posted a blog post

REPAY Announces Partnership with Inovatec Systems Corp

Partnership will enhance payment capabilities for lenders and finance companies across the Inovatec systemRepay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced its partnership with…See More
Jun 9
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John Sternal posted a blog post

PureCars Auto Sales Data May 22 - 28; Used Vehicles Dominate Top Sales

New brand performance sales data from PureCars illustrates which brands, models and new vs. used saw the biggest sales during the period of May 22 - May 28.  Breakdown of Brand % of Sales May 22 - May 28Brand  % of Sales1: Ford  14%2: Toyota 11%3: Chevrolet 11%4: Honda 8%5: Jeep 6%6: Nissan 4%7: Subaru 4%8: Hyundai 4%9: GMC 5%10: Kia  3% Breakdown of Brand / Model / New vs Used May 22 - May 28*10 of the top 15 models sold were used1: Ford, F-150, Used2: Ford, F-150, New3: Chevrolet, Silverado,…See More
Jun 2
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John Sternal posted a blog post

PROTECTIVE ASSET PROTECTION MAKES ONLINE DEALER TRAINING INSTITUTE AVAILABLE DURING COVID-19 PANDEMIC

Online Training Program Helps F&I Personnel Elevate Skills to Improve Profit and Customer Satisfaction Levels CHESTERFIELD, MO (May 20, 2020) – Protective Asset Protection, a leading provider of F&I programs, services and dealer owned warranty company programs, has made available its library of professional development training courses to all dealership personnel and agents. This curriculum can be used to help industry professionals sharpen their skills during the COVID-19 pandemic and…See More
May 20
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John Sternal posted a blog post

Inovatec Systems Awarded TISAX Certification

The Trusted Information Security Assessment Exchange Certification is the Automotive Industry Standard for Information SecurityInovatec, a cloud-based software solutions provider, today announced that it has been awarded the Trusted Information Security Assessment Exchange (TISAX) Certificate for meeting compliance with stringent information security requirements. TISAX Assessments are conducted by accredited audit providers that demonstrate their qualification at regular intervals. TISAX and…See More
May 12
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John Sternal posted a blog post

PureCars Data: Early Stay-at-Home States Showing Positive Signs for Auto Dealers

Here is the latest COVID-19 report for auto dealers, filled with data and insights from PureCars that shows that continued impact the pandemic is having on the industry, tips to help dealers make the right decisions for their business, and trends that show where dealers in some of the earliest and hardest-affected states are now showing positive signs. …See More
Apr 28
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John Sternal posted a blog post

LEASE CREDIT APPROVAL RATES DIP SLIGHTLY TO 69.3% IN MARCH

Lease Approval Ratings and Consumer Shopping Habits Shift Amongst COVID-19 Pandemic Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 69.3% approval rate in March, a slight decline from the February rate of 72.3%. March experienced a higher number of applicants with qualifications for taking over another person’s lease contract, reaching the highest number since December of 2019. March saw a slight decrease in approval ratings from the…See More
Apr 23
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John Sternal posted a blog post

Best Practices in Credit Reporting Coding In Disaster Scenarios

Below is an article written by Jenn Reid at Equifax that offers important information on customer credit for dealers/F&I and lenders. I wanted to pass along to my dealer network here so they could benefit from the information.Given the unprecedented climate that has taken place resulting from the COVID-19 outbreak and containment efforts, we have received a large number of questions in regards to how this event impacts credit reporting particularly given the recent support from the lending…See More
Apr 21
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John Sternal posted blog posts
Apr 16

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Vendor Partner
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Merit Mile
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Director
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http://meritmile.com
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We are interested in sharing automotive insight, data and trends.

John Sternal's Blog

Survey: 80% of Automotive Dealerships Report Partnering with Fewer than Twenty Lenders, Highlighting Competitive Financial Marketplace

Posted on August 10, 2020 at 4:52pm 0 Comments

Data Reveals Importance of Accuracy and Efficiency in Lending Processes

BURNABY, BC (August 10, 2020) - Inovatec Systems…

Continue

PureCars' Multi-Channel Digital Advertising Platform Selected By Toyota For Dealer Parts & Service Program

Posted on July 15, 2020 at 12:42pm 0 Comments

Leading Digital Advertising Platform Helps Toyota Dealers Promote Fixed Ops Programs & Offers

ATLANTA, July 15, 2020 -- PureCars, a leading provider of digital marketing and advertising insights for automotive dealers, today announced it has expanded its …

Continue

Dealers See Bottom-Line Benefits from a Thorough F&I Product Portfolio Review

Posted on July 9, 2020 at 3:46pm 0 Comments

The world has witnessed drastic changes in just a few short months. The economic fallout from the COVID-19 pandemic has impacted nearly 50 million workers since the end of February, according to Mark Zandi, chief economist at Moody’s Analytics in a recent CNBC1 report.

While Moody’s also believes “the COVID-19 recession is over1,” automotive dealers of every size should be taking this time to review every aspect of their business to ensure maximum readiness for when the…

Continue

Used vs. New Sales Trends Week of July 4

Posted on July 8, 2020 at 12:48pm 0 Comments

Topic Expert: Jeremy Anspach, CEO of PureCars

Background: New-car inventory at the beginning of June was down by a third, compared to the same time last year, according to research from Edmunds.com. At the same time, June auto sales climbed about 3.3% from May, although they are down by 30% compared to a year earlier, according to estimates from Cox Automotive. So, what IS moving as we head into July? Jeremy Anspach…

Continue

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