John Sternal
  • Boca Raton, FL
  • United States
  • Merit Mile
Share on Facebook
Share
  • Blog Posts (301)
  • Discussions
  • Events
  • dE Groups
  • Videos
 

John Sternal's Page

Latest Activity

John Sternal posted blog posts
Tuesday
John Sternal posted a blog post

Latest Equifax Auto Credit Trends Illustrate Rising Subprime Activity

A few notes on subprime loan origination and balance activity:Subprime auto loan originations have a corresponding total balance of $7.07 billion, a 5.3% increase year-over-year.The average subprime loan amount was $18,934. This is a 5.0% increase compared to January 2018. Auto Loan Originations Observations through January 2019 reported as of March 2019:1.78 million auto loans, totaling $41.3 billion, have been originated year-to-date. This is a 0.8% increase in accounts and a 2.8% increase in…See More
May 16
John Sternal posted a blog post

Lease Credit Approval Rates Rise to 72% In April

Lease Approval Ratings in April Reach Their Highest Since August of 2018, making it the strongest month of the yearSwapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72% approval rate in April, a rise from the March rate of 70.7%.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 saw a slight increase in approval ratings…See More
May 13
John Sternal posted a blog post

Q1 Vehicle Lease Report: Is the Luxury Sports Sedan Dying for Leasing?

Is The Luxury Sports Sedan Lease Dead? For decades, sports cars and luxury sedans dominated the lease market and enjoyed significant marketshare on the Swapalease.com online lease marketplace. New data from the Q1 lease trends report consumer survey shows that domination may be over. When asked what type of lease they would most likely get into next, only 11.2% of consumers listed luxury sports sedans, significantly down from 17.7% a year earlier. What's replacing this? More than a third…See More
Apr 30
John Sternal posted a blog post

75% Of Auto Lease Prices Remain Steady Into April, Ford Increases Price On Several Models

Majority of Automotive Brands Maintain Their Prices on New Leases in the Month of AprilWantalease.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 April.  The majority of brands maintained their prices from March, while Ford increased their prices on a variety of vehicles.While many manufacturers maintained their prices in the month of April, the Nissan Sentra continues to come in as the most affordable…See More
Apr 24
John Sternal posted a blog post

Swapalease.com Announces Its Top Vehicles for The Summer

Users Voted on What They Believe are the Top Vehicles for the Summer Months Based on LocationSwapalease.com, the nation’s largest car lease marketplace, today announced their selections on the “top vehicles for the summer season.” Swapalease collected data from users in top markets on which vehicles they prefer to lease for the summer months based on their location.  There has been an increase in users searching for a variety of leases pending the upcoming summer months.The top vehicles for…See More
Apr 17
John Sternal posted a blog post

Lease Credit Approval Rates Rise To 70.7% In March

Lease Approval Ratings in March Reach Their Highest Rate Since October of 2018 with an Increase of 4.8% this month  CINCINNATI, OHIO (April 10, 2019) – Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 70.7% approval rate in March, a rise from the February rate of 65.9%. March experienced a higher number of applicants with qualifications that led to more approvals for taking over another person’s lease contract during the month. March…See More
Apr 10
John Sternal posted a blog post

Equifax and FICO introduce strategic partnership to deliver the Data Decisions Cloud

Industry leaders to integrate differentiated data and precision decisioning to help financial institutions optimize interactions with customers To increase velocity for deploying predictive models, FICO and…See More
Mar 27
John Sternal posted a blog post

New Infographic Makes Case for Reinsurance Review

Protective Asset Protection, a provider of F&I programs, services, and dealer-owned warranty company programs, announced today it has made available a new educational infographic for automotive dealerships and dealer principals on the effect recent tax reform measures have had on dealer participation programs.In “…See More
Mar 18
John Sternal posted a blog post

How Would A Tesla Model 3 Lease Be Priced?

According to media reports recently, Tesla is preparing to launch leasing products for its Model 3 electric sedan in order to boost demand. Currently, the cheapest Tesla Model 3 costs $42,900 before any incentives are factored in. That's still a far cry from the $35,000 entry price that many Model 3 intenders have been waiting for, but we'd guess a lease option with lower monthly payments could definitely kickstart a…See More
Mar 5
John Sternal posted a blog post

Auto Dealerships See Avg. 20% Rise in Profits Under DOWC

According to Protective Asset Protection, it is estimated that auto dealers leveraging a Dealer-Owned Warranty Company structure to sell F&I products are seeing a 20% lift in profits on average for F&I sales.Background on DOWC:Many automotive dealers have offset the recent downward trend in vehicle margins through increased F&I profitability. One way dealers have maximized their F&I income is through participation in the underwriting profits on the F&I products sold. A…See More
Feb 19
John Sternal posted a blog post

NISSAN OFFERS AGGRESSIVE DEALS ON NEW LEASES ENTERING FEBRUARY

While the Majority of Today’s Popular Leases Retain their Monthly Payment Prices from January, Nissan Offers Attractive Lease Deals on Many VehiclesWantalease.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-five different vehicles maintained their prices from the previous month to this month, showing that lease prices are holding into…See More
Feb 12
John Sternal posted a blog post

LEASE CREDIT APPROVAL RATES DIP SLIGHTLY TO 67.6% ENTERING THE NEW YEAR

Lease Approval Ratings Dip to 67.6%, The Lowest Since May 2018  CINCINNATI, OHIO (February 7, 2019) – Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 67.6% approval rate in January, a decrease from the December rate of 71.4%. January experienced a slightly lower number of applicants with qualifications for taking over another person’s lease contract during the month, registering at -5.6% fewer approvals than the month of December. …See More
Feb 7
John Sternal posted blog posts
Jan 29
John Sternal posted a blog post

Equifax & Jabian Consulting Study Consumer Buying Behaviors for Dealers / Lenders

 Equifax and Jabian Consulting listen to what auto dealers and lenders want for a successful customer journeyDealers and lenders want more connected data and insights to power meaningful customer relationships both online and in the showroomA new commissioned study conducted by Jabian Consulting on behalf of Equifax Inc. (NYSE:  EFX), a global information solutions company, confirms that dealers and lenders alike believe more consumer education, access to data and faster processes will help…See More
Jan 24

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
How did you specifically hear about DealerELITE? If referred, who?
Google
Not everyone gets approved for DealerELITE. To maintain the integrity of DealerELITE, tell us what you will have to offer once a dealerELITE member?
We are interested in sharing automotive insight, data and trends.

John Sternal's Blog

NIADA Q1 Business Confidence Survey

Posted on May 21, 2019 at 9:28am 0 Comments

Auto sales have faced slightly downward pressures so far in 2019, especially in April where U.S. auto sales declined 2.3 percent1 despite having an extra selling day in the month and having the benefit of the spring selling season as an added incentive for car shoppers.

With the monthly data, the annualized pace of sales dropped to 16.41 million1, below the estimates most industry observers pegged for the year closer to the 16.8 million mark. A year ago…

Continue

Auto Lease Prices Remain Steady Into May As Dealers Prepare To Offer Memorial Day Shopping Incentives

Posted on May 20, 2019 at 10:35am 0 Comments

Several Entry-Level Cars Experience Price Increases, Allowing Dealers Room For Greater Holiday Weekend Lease Discounts

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 April, a slight decrease from last month’s lease deals, where 75% of…

Continue

Latest Equifax Auto Credit Trends Illustrate Rising Subprime Activity

Posted on May 16, 2019 at 1:00pm 0 Comments

A few notes on subprime loan origination and balance activity:

Subprime auto loan originations have a corresponding total balance of $7.07 billion, a 5.3% increase year-over-year.

The average subprime loan amount was $18,934. This is a 5.0% increase compared to January 2018.

 

Auto Loan Originations Observations through January 2019 reported as of March 2019:

  • 1.78 million auto loans, totaling $41.3 billion, have been originated…
Continue

Lease Credit Approval Rates Rise to 72% In April

Posted on May 13, 2019 at 2:30pm 0 Comments

Lease Approval Ratings in April Reach Their Highest Since August of 2018, making it the strongest month of the year

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72% approval rate in April, a rise from the March rate of 70.7%.

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 saw a slight…

Continue

Comment Wall

You need to be a member of DealerELITE.net to add comments!

Join DealerELITE.net

  • No comments yet!
 
 
 

Latest Activity

Reynalda Lor posted a discussion

Need Suggestion

Greetings!Recently we bought a bunch of pre-owned vehicles from a car auction. We are doing…See More
3 hours ago
Scot Eisenfelder posted a blog post
Friday
Bill Wittenmyer posted a video

Freebie Friday: Persistence Pays Off

VP of Sales CDK Global Bill Wittenmyer shares why persistence is your best ally towards productivity in this Freebie Friday.
Friday
Andy Church posted videos
Friday
Reynalda Lor posted a discussion

KeepTruckin ELD Vs. Omnitracs ELD

Greetings!We recently purchased 2 trucks for commercial transportation purpose an now, looking for…See More
Friday
Jim Flint posted a blog post

Can Vendor Partners Predict Sales?

Are the hottest models, too hot to the touch?See More
Friday
Brian K. Cline posted a blog post
Friday
Jim Leman posted a video

Rapid Recon with Jason Church, GM, Courtesy Volvo of Scottsdale

Auto dealer Jason Church discusses how Rapid Recon workflow software reduces time to market to improve used car profitability.
Thursday
Erik S. Nachbahr posted a video

How to Evaluate IT Solutions for Your Dealership

Helion Technologies Founder & President Erik Nachbahr shares some tips on what dealerships should be looking for in an IT solution for their dealership.
Thursday
Dean Martin posted a blog post
Thursday
Cory Mosley posted a video

Online Sales Success Workshop - Tim Cox of CarNow

The super smart and hilarious Tim Cox joined me for a quick video chat about the state of the digital car business and some of the things he will be covering...
Wednesday
Mike Esposito posted a blog post

Auto/Mate Integrates DMS with MacroFile Electronic Document Management System

Albany, N.Y. – May 22, 2019 – Auto/Mate Dealership Systems announced today it has successfully…See More
Wednesday
Timmy D. James posted a blog post
Wednesday
Mike theCarGuy Correra posted a video

The Importance of Doing Social Media the Right Way

DealerBuilt Account Manager Mike Correra explains why dealers should focus on the right things on social media for their presence to be effective.
Wednesday
Damian Boudreaux posted a blog post

Value Your Company

We want you to be profitable and proud of what you do. We want you to have all the success that you…See More
Tuesday
Black Book posted a blog post

Stable Market Except for Luxury Vehicles

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car…See More
Tuesday
Cory Mosley posted videos
Tuesday
Walter McNulty posted a status
"If you are in need of any of our services please contact me today! www.pdsforyou.com"
Tuesday
John Sternal posted blog posts
Tuesday
Erik S. Nachbahr posted a blog post

Helion Technologies Becomes a CIS SecureSuite Member

Timonium, MD –­ May 21, 2019 –­ Helion Technologies today announced it has become a CIS…See More
Tuesday

Get Newsletter

© 2019   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service