John Sternal's Blog (317)

Lease Credit Approval Rates Rise to 69.1% in July

Lease Approval Ratings Improve in July Following Slight Dip in June

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 69.1% approval rate in July, a rise from the June rate of 65%. July experienced a strong number of applicants with qualifications for taking over another person’s lease, and a slight approval rating increase following a dip in approvals for June.

 

July saw a slight decrease in approval…

Continue

Added by John Sternal on August 15, 2019 at 1:59pm — No Comments

JTA, Beep, First Transit and NAVYA hold autonomous vehicle emergency training for local first responders

acksonville-area first responders, fire fighters and law enforcement officials are more prepared for the future of public transportation after completing emergency training with autonomous vehicles.

The JTA, along with Florida-based autonomous mobility solutions company Beep, First Transit and autonomous vehicle manufacturer NAVYA, hosted a day-long training session at the North Florida TPO campus, focusing on the latest AV technology and how first responders should address emergency…

Continue

Added by John Sternal on August 15, 2019 at 9:15am — No Comments

Latest Equifax Auto Credit Trends Illustrate Softening Loan Balances

Here are the latest auto credit trends as reported by Equifax through March 2019:

 

  • Equifax is reporting data that show the increase in loan balances on both financed and leased vehicles may beginning to slow.
  • Balances on loans in the period ending January 2019 showed an increase of 2.8% from the year earlier, this number shrunk to just 1.3% in the period ending March 2019.
  • Balances on leases in the period ending January 2019 showed an increase of 3.0%…
Continue

Added by John Sternal on August 14, 2019 at 9:59am — No Comments

Beep Selects Bestmile To Plan, Manage, and Optimize Autonomous Vehicle Fleets

Autonomous Mobility Solutions Company Partners with Leading Fleet Orchestration Platform to Deliver Intelligent, Consistent, Autonomous Mobility Services



Beep, a Florida-based autonomous mobility solutions company, today announced a partnership with Bestmile, the leading fleet orchestration platform. Through this partnership, Beep will leverage the market…

Continue

Added by John Sternal on August 13, 2019 at 11:19am — No Comments

8 Vehicles Millennials Have Redefined

Regardless of whether you are on the side that believes Millennials like or dislike personal automotive commitment, no doubt their unique perspective on automobiles and vehicle shopping may forever change the way certain vehicles were once perceived. According to the customer advisor specialists at Swapalease.com, who consult with…

Continue

Added by John Sternal on August 5, 2019 at 3:43pm — No Comments

Survey: 79.3% Of C-Suite Finance Executives Express Growing Need For Artificial Intelligence Business Transformation In Automotive Loan Processing Procedures

Majority of Customers Report Complaints in Lengthy Vehicle Financing Processes from Lenders

Inovatec Systems Corp., a provider of industry-leading, cloud-based software solutions for all financial institutions, today announced the results of its latest survey, showing 79.3% of C-Suite finance executives polled overwhelmingly reported their organization was most in need of Artificial Intelligence (AI) Integration in their automotive lending processes.

Although it’s no…

Continue

Added by John Sternal on August 5, 2019 at 1:41pm — No Comments

AS PLUGIN, ELECTRIC VEHICLE AND RIDESHARE PROGRAMS GROW, DEALERS TURNING TO F&I PRODUCTS TO SERVE CUSTOMERS

F&I Product Offerings Designed to Help Dealers Educate Customers

Protective Asset Protection, a provider of F&I programs, services and dealer owned warranty company programs, continues to ensure its F&I product offerings meet the needs of dealers selling plugin, electric vehicles…

Continue

Added by John Sternal on July 29, 2019 at 1:45pm — No Comments

WANTALEASE.COM: NISSAN OFFERS AGGRESSIVE DEALS ON NEW LEASES IN JULY

Several Brands Offer Discounts on SUV Leases, Nissan Offers Attractive Lease Deals on Several of Their Vehicles

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 July.  Several automotive brands offered discounts on SUV’s entering the month of July, with Nissan offering enticing deals to shoppers on a variety of vehicles.

The Nissan Sentra is currently priced the lowest…

Continue

Added by John Sternal on July 29, 2019 at 11:34am — No Comments

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 Prevalent

Swapalease.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…

Continue

Added by John Sternal on July 18, 2019 at 10:09am — No Comments

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…

Continue

Added by John Sternal on July 16, 2019 at 11:54am — No Comments

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.COM

Several Manufacturer Prices Fluctuate on Small, Mid-Size and Luxury SUVs

Wantalease.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…

Continue

Added by John Sternal on June 26, 2019 at 3:43pm — No Comments

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 transactions

A 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,…

Continue

Added by John Sternal on June 25, 2019 at 11:30am — No Comments

Trust Science and Inovatec Systems Team Up to Release World's First End-to-End Loan Management Platform Powered by Alternative Credit Scores

Trust Science and Inovatec Systems Team Up to Release World's First End-to-End Loan Management Platform Powered by Alternative Credit Scores

Lenders now have the ability to reliably find, score, lend to and manage the loans of 64 million unbanked and under-banked consumers in the United States alone…

Continue

Added by John Sternal on June 19, 2019 at 11:09am — No Comments

Lease Credit Approval Rates Rise To 72.4% In May

Lease Approval Ratings in May reach Their Highest Number Yet for 2019

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72.4% approval rate in May, a slight rise from the April rate of 72%. 

 

May experienced a higher number of applicants with qualifications that led to more approvals for taking over another person’s lease contract during the month. May saw an increase in approval ratings from the…

Continue

Added by John Sternal on June 19, 2019 at 9:08am — No Comments

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

Data Shows Various Impacts and Complexity of Vehicle Repairs on Claims

Protective 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…

Continue

Added by John Sternal on June 6, 2019 at 9:09am — No Comments

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…

Continue

Added by John Sternal on May 31, 2019 at 1:19pm — No Comments

Motor Information Systems Releases New White Paper That Shows How To Create More OE Parts Demand

Data Providers Can Help Expand Opportunities for Mechanical Wholesale

& Collision Wholesale Programs

MOTOR Information Systems, one of the…

Continue

Added by John Sternal on May 29, 2019 at 11:29am — No Comments

NIADA Q1 Business Confidence Survey

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

Added by John Sternal on May 21, 2019 at 9:28am — No Comments

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

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

Added by John Sternal on May 20, 2019 at 10:35am — No Comments

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…
Continue

Added by John Sternal on May 16, 2019 at 1:00pm — No Comments

Monthly Archives

2019

2018

2017

2016

2015

2014

2013

2012

Latest Activity

Simon Hopes posted a blog post

How to Compare Car Insurance Policies

What is Car Insurance?A car insurance is the policy that covers one’s car against all kinds of…See More
4 hours ago
Mike theCarGuy Correra posted a video

The Key to Long Term Success in Sales

Account Manager Mike Correra shares the key to a dealership's long term sales success in this video blog.
21 hours ago
Tom Clark posted a blog post

Reasons to Sell Your Dead Car to Car Removal Companies

Your old car just stopped working. When you called a mechanic to have a look at it, they gave you…See More
yesterday
Derek C. Dean posted a blog post

Hard skills Vs soft skills or hard skills and soft skills- which is optimal?

Soft skills and training programs for the same seem to be hogging the limelight in recent times.…See More
yesterday
Umair Amjad posted a blog post

The Perks of Using Armored Cars & Bulletproof Vehicles

Security is a prime concern for every human being. When it comes to security, then people do not…See More
Sunday
Rob Gehring posted a blog post
Friday
Scot Eisenfelder posted a video

Why the Service Write Up Is Critical

Scot Eisenfelder shares why the service write-up is critical to increased revenue in this video blog.
Friday
Jim Flint posted a blog post

Google Ads Two Changes for Display

In this video blog, Jim Flint, CEO, and Founder of Local Search Group discusses two changes you…See More
Friday
John Sternal posted blog posts
Thursday
Veronica Dunford posted a blog post
Thursday
Stephen Coambes posted a blog post
Thursday
Damian Boudreaux posted a blog post

Relationship Selling - Begin The Shift Now

Gooooooooood Morning! And thank you again for joining us in another video in the series, [name].…See More
Thursday
Steven Laureys posted a blog post
Wednesday
John Sternal posted blog posts
Wednesday
Harris Scott posted blog posts
Aug 14
Reynalda Lor posted a discussion

Roofing Option For Garage?

Greetings!We are looking for the best roofing option for our dealership garage nowadays. In the…See More
Aug 13
Paul Moran posted a blog post

Auto Industry Viral Marketing Innovator Vboost Achieves Milestone of 10 Million Video Views for Auto Dealer Clients

Unique Customercials are organically shared by customers across their social platforms producing a…See More
Aug 13
Dan Beres posted a blog post
Aug 13
Jim Flint posted a blog post
Aug 13
James Helliwell posted blog posts
Aug 13

Get Newsletter

© 2019   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service