John Sternal
  • Boca Raton, FL
  • United States
  • Merit Mile
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Latest Activity

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
Wednesday
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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
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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
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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
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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
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John Sternal posted blog posts
Aug 15
John Sternal posted blog posts
Aug 14
John Sternal posted blog posts
Aug 5
John Sternal posted blog posts
Jul 29
John Sternal posted a blog post

Lease Credit Approval Rates Dip To 65% In June

More Demand From Consumers Seeking Existing Lease Contracts at Price Points Negotiated When Dealer Incentives Were More PrevalentSwapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 65% approval rate entering July, a drop from the 72.4% mark registered in May.Although lease origination activity at dealerships was down in Q1[1], lease takeover activity has remained strong, with many shoppers taking…See More
Jul 18
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John Sternal posted a blog post

Inovatec Systems Corp. Partners with ZestFinance to Enhance Lending Procedures

Inovatec Systems Corp., a provider of industry-leading, cloud-based software solutions for all financial institutions, and ZestFinance, a leader in artificial intelligence (AI) software, today announced their strategic partnership to enhance lending procedures in the financial services industry.Inovatec will integrate Zest Automated Machine Learning software (ZAML) into its business process management technology to help lenders immediately improve their underwriting results with custom machine…See More
Jul 16
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John Sternal posted a blog post

Nissan Increases Prices om New Lease Deals in June According to Wantalease.com

NISSAN INCREASES PRICES ON NEW LEASE DEALS IN JUNE ACCORDING TO WANTALEASE.COMSeveral Manufacturer Prices Fluctuate on Small, Mid-Size and Luxury SUVsWantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings, showing price increases on a number of today’s popular Nissan leases. While most vehicles maintained their prices from May, a number of manufacturers had price fluctuations on small, mid-size and luxury…See More
Jun 26
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John Sternal posted a blog post

Despite consumer demand, auto dealers struggle to provide complete digital solutions

Continue to grapple with consumer time at dealership, unverifiable credit application data, and fraudulent transactionsA new automotive survey from Equifax finds that dealers understand digital retail solutions, but may struggle in providing such solutions to customers. The online survey polled 135 dealers around the U.S. to get a better understanding of current trends in retail transactions, credit applications, vehicle financing, fraud; and their prospects of offering online digital retailing…See More
Jun 25
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John Sternal posted blog posts
Jun 19
John Sternal posted a blog post

NEW ANALYSIS SHOWS CLAIMS FIVE YEAR TRENDS FOR GAP COVERAGE AND SERVICE CONTRACTS

Data Shows Various Impacts and Complexity of Vehicle Repairs on ClaimsProtective Asset Protection, a provider of F&I programs, services and dealer owned warranty company programs, announced today, a new set of data analysis showing how much average claims have increased annually for GAP payouts and Vehicle Service Contract (VSC) claims dating back to 2014.The average GAP claim payout has risen 19.5% between 2014 and 2018 for new vehicles, and a 95% increase over the same time for used…See More
Jun 6
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John Sternal posted a blog post

Selling F&I Products On Alternate Fuel Vehicles? Here’s What To Know

Current estimates put roughly one million electric vehicles on the road in the U.S. today. According to media reports, this milestone was achieved just a few months ago. Proponents of the technology agree that this is a small number, compared to the more than 270…See More
May 31
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Merit Mile
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http://meritmile.com
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John Sternal's Blog

Lease Credit Approvals Dip Slightly To 68.9% in August

Posted on September 18, 2019 at 3:48pm 0 Comments

Lease Approval Ratings Drop Slightly in August Following Increase in July

Swapalease.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…

Continue

Auto Loan & Lease Origination Data Through April 2019

Posted on September 11, 2019 at 2:26pm 0 Comments

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 2019

  • 7.96 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…
Continue

PROTECTIVE ASSET PROTECTION INTRODUCES ITS DEALER TRAINING INSTITUTE

Posted on September 5, 2019 at 9:19am 0 Comments

Online Training Program Helps F&I Personnel Better Understand Product Offerings

To Elevate Profit and Customer Satisfaction Levels…

Continue

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

Posted on August 26, 2019 at 2:30pm 0 Comments

While 67% Of Auto Lease Prices Remained Steady in August, Trucks and SUVs Experienced Significant Price Drops

Wantalease.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…

Continue

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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…See More
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