John Sternal's Blog (524)

How The Renewed Ford Ranger Pickup is Impacting Shopper Interest

Ford announced at the NAIAS in January that the Ranger pickup would return to the U.S. market, and shopper interest in the nostalgic pickup has been picking up, according to shopper interest data from Jumpstart Automotive Media.

 

According to Jumpstart:

  • Trucks saw the most growth both month-over-month and year-over year (+13% and +36%, respectively) during March
  • All three segments of trucks (3/4 & 1-ton, full-size, and midsize) saw…
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Added by John Sternal on May 1, 2018 at 10:49am — No Comments

Equifax Highlights Additional Consumer Credit Trends Impacting Purchase Habits

Below are some additional data points from a recent consumer credit trends study conducted by Equifax. The initial release highlighted trends in awareness of credit amongst Millennials and Baby Boomers, as well as affordability expectations of Prime and Subprime shoppers. The online survey was conducted…

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Added by John Sternal on April 24, 2018 at 11:45am — No Comments

Jumpstart Automotive Media Path To Purchase Insights: Consumer Interest Across Trucks, Utilities and Cars, with Emphasis on Refreshes and Launches

Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today released its monthly shopper interest data, with results showing increased shopper interest in key vehicle refreshes and upcoming launches, as well as pickups, utility vehicles and certain car segments during the month of March.

All three segments of…

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Added by John Sternal on April 24, 2018 at 11:22am — No Comments

Jumpstart Automotive Media Path To Purchase Insights: Consumer Interest Across Trucks, Utilities and Cars, with Emphasis on Refreshes and Launches

Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today released its monthly shopper interest data, with results showing increased shopper interest in key vehicle refreshes and upcoming launches, as well as pickups, utility vehicles and certain car segments during the month of March.

All three segments of…

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Added by John Sternal on April 23, 2018 at 3:25pm — No Comments

Hearst Autos Joins CDK Global Partner Program

Dealerships can expect higher performing placements and faster turnaround times

Hearst Autos, the most trusted platform for consumers to research and shop for cars, announced today that it has joined the CDK…

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Added by John Sternal on April 17, 2018 at 11:15am — No Comments

Lease Credit Approval Rates Rise to 67.3% In March

Lease Approval Ratings Continue to Improve in March Following Steady Monthly Approval Increases in Q1

 

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 67.3% approval rate in March, a rise from the February rate of 65.2%.

 

March experienced a higher number of applicants with qualifications that led to more approvals for taking over another…

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Added by John Sternal on April 17, 2018 at 9:57am — No Comments

PROTECTIVE ASSET PROTECTION REVEALS LATEST DEALER SURVEY ON VEHICLE SERVICE CONTRACTS/F&I OFFERINGS

Protective Asset Protection, a provider of F&I programs, services, and dealer-owned warranty programs, announced today results of its latest survey addressing dealer concerns and opportunities with F&I product offerings. Behind financing, additional F&I offerings represent the second-largest opportunity for margin growth for dealers (57.6%).…

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Added by John Sternal on April 16, 2018 at 11:27am — No Comments

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

Wantalease.com Data Show that SUVs and trucks will offer Attractive lease Deals for April, based on March 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 March, and forecasts new leasing trends for the month of April.  Several brands offered discounts on mid-size and large SUVs, as well as truck deals, while most smaller vehicles and regular-size cars maintained or increased…

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Added by John Sternal on April 5, 2018 at 10:57am — No Comments

The Vehicles Expecting Moms Should Be Driving

POLL: According to a New Survey from Swapalease.com, Expecting Moms Most Likely opt for Mid-Size SUV’s with a More Trendy Style and Design

Swapalease.com, the nation’s largest car lease marketplace, today announced results of its “New and Expecting Moms” survey, where thousands of drivers across the country were asked about their preferences on vehicles for new moms.  

The majority of those polled 32% say mid-size SUV’s are the best vehicle type for expecting…

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Added by John Sternal on April 5, 2018 at 10:53am — No Comments

Most Recent Auto Credit Highlights for February 2018

  • 28.10 million auto loans and leases, totaling $611.3 billion, were originated January-December 2017, representing a 3.5% decrease in total new accounts, and a 1.1% decline in balances over the prior year, reflecting a market shift from new to used cars.
  • January through December 2017, 9.2% of auto leases were issued to consumers with a subprime credit score, the smallest subprime share since 2011.
  • The severe delinquency rate (share of balances 60+ days past due) on…
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Added by John Sternal on April 4, 2018 at 4:01pm — No Comments

Jumpstart Automotive Media Path To Purchase Insights: Midsize And Full-size Sedans Starting To See Growth In Shopper Interest During February

Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today released its monthly shopper interest data results, with sedans representing four of the top-five fastest growing models for shopper interest in February. Mazda and Kia each saw strong interest, and sedans in both the midsize and full-size segments saw significant growth during the month.

Shopper interest in midsize sedans on both the luxury and non-luxury sides  grew 10%  compared to…

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Added by John Sternal on March 26, 2018 at 12:59pm — No Comments

Hearst Autos Announces Two New Car and Driver Shopping Tools for Dealers and Automotive Shoppers: TRADE-IN VALUE and CREDIT SCORE

New Car and Driver Trade Appraisal and Credit Score Tools Elevate Confidence Among Consumers; Build More Flexibility Into the Transaction Price and Deliver Dealers a More Qualified Shopper

Hearst Autos, parent to Car and Driver, Jumpstart Automotive Media, Road &…

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Added by John Sternal on March 26, 2018 at 12:46pm — No Comments

BLACK BOOK VALUATIONS CHOSEN FOR ROUSH PERFORMANCE PRODUCTS

Black Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today it has signed an agreement to provide vehicle valuation data for ROUSH Performance Products, a company offering an extensive line of aftermarket performance parts, vehicles and crate engines.…

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Added by John Sternal on March 26, 2018 at 10:23am — No Comments

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 points

ATLANTA, 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…

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Added by John Sternal on March 23, 2018 at 2:01pm — No Comments

J.D. Byrider Applies Equifax Ignite™, Increases Auto Buyer Approvals by 10 Percent

When J.D. Byrider, a  leading used car sales and finance enterprise, expanded geographically and organically, they began an engagement with Equifax Inc. (NYSE:  EFX), a global information solutions company, to better identify risk and streamline deal structures. J.D. Byrider used Equifax Ignite™ to develop a configurable origination risk model that uses traditional credit data, augmented…

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Added by John Sternal on March 20, 2018 at 3:28pm — No Comments

All Non-Luxury Car Segments Increased in Value

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by John Sternal on March 20, 2018 at 11:59am — No Comments

BLACK BOOK FEBRUARY DEPRECIATION REPORT SHOWS SPIRITED START TO THE SPRING SELLING SEASON FOR SEVERAL CAR SEGMENTS

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -1.1%, significantly better than January’s level of -2.6% due to a spirited start to the spring selling season. Cars decreased -0.7%, while trucks decreased -1.4%. All vehicles are averaging a 12-month change of -14.9%.

Sub-Compact Luxury CUVs showed the highest depreciation in February at -2.8%. Vehicles in Sub-Compact Luxury Crossover segment include the Audi Q3, BMW…

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Added by John Sternal on March 13, 2018 at 4:06pm — No Comments

Six Weeks in a Row of Higher Depreciation in Trucks vs. Cars

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by John Sternal on March 13, 2018 at 11:00am — No Comments

Lease Credit Approval Rates Rise to 65.2% in February

LEASE CREDIT APPROVAL RATES RISE TO 65.2% IN FEBRUARY

 

Healthy Lease Approval Rating in February Driven By Increase In Shoppers of Payments Under $499 Per Month

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a…

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Added by John Sternal on March 7, 2018 at 9:00am — No Comments

Best Week YTD For Vehicle Depreciation

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by John Sternal on March 6, 2018 at 4:50pm — No Comments

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