John Sternal's Blog (344)

How The F&I Industry Can Help Dealers & Lenders During COVID-19

F&I program provider, Protective Asset Protection, is making the following proactive measures to assist dealers and lenders currently during the COVID-19 outbreak and containment efforts. 

Dealers and lenders continue to face great challenges as the nation continues to try to contain the COVID-19 outbreak. Here are several ways Protective is trying to help:…

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Added by John Sternal on March 24, 2020 at 4:53pm — No Comments

Auto Lease Prices Drop On Several Mid-Size Cars And SUVs In March

Automotive Manufacturers Offer Aggressive Lease Deals on Many Vehicles Amidst Sales Slump in Response to COVID-19

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.  Several brands offered significant discounts on mid-size cars and SUVs, likely a result of falling sales due to COVID-19. OEM’s are offering aggressive deals on lease payments to attract shoppers and…

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Added by John Sternal on March 24, 2020 at 3:34pm — No Comments

321 Ignition Announces Free Scripts & Templates to Help Dealers Sell Cars Online During the Coronavirus

As the Novel Coronavirus continues to spread and reports of hand sanitizer and toilet paper shortages increases, our team wanted to do something to help support car dealerships that have recently shut down their showrooms.

After many discussions with clients & partners, the team created materials for dealerships that don't have the internal marketing staff or resources to update their website and enhance their customer communications.

Free…

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Added by John Sternal on March 23, 2020 at 11:13am — No Comments

Beep Announces Autonomous Shuttle Expansion In Peoria

The Driverless Shuttle Will Begin Its First Routes in Arizona on the Weekend of February 22nd

 Beep, a Florida-based autonomous mobility solutions company, announced today its first expansion out of the state of Florida into the city of Peoria, Ariz. The city will launch Robo Ride, a pilot program with Beep, that will begin routes on Saturday, February 22nd, and will operate daily from noon to 6…

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Added by John Sternal on February 20, 2020 at 11:23am — No Comments

NAVYA Honed By Frost & Sullivan With 2019 Leadership Award In Global Autonomous Shuttle Industry

NAVYA (FR0013018041- NAVYA), a leading company in autonomous driving systems, recently received the 2019 Global Autonomous Shuttle Product Leadership Award from Frost & Sullivan.

 

NAVYA’s proven track record, recently acknowledged by the RTA Dubai World Challenge as the designer and maker of the most reliable fully electric autonomous shuttle with the best consumer experience, enabled the innovative company’s rise to the top among the independent analysts from Frost &…

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Added by John Sternal on February 13, 2020 at 4:41pm — No Comments

Lease Credit Approval Rates Dip Slightly to 70% Entering the New Year

Lease Approval Ratings Dip to 70% in January, a Slight Decrease from December

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 70% approval rate in January, a decrease from the December rate of 72%.

January experienced a slightly lower number of applicants with qualifications for taking over another person’s lease contract during the month, registering at -2% fewer approvals than the month of December. …

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Added by John Sternal on February 11, 2020 at 12:43pm — No Comments

Peoria Approves Funding for Autonomous Shuttle

The city of Peoria is piloting an autonomous shuttle program

Arizona’s first shared-ride, autonomous shuttle operating on a public street is coming to Peoria. Last night, Peoria’s city council approved the funding for a 60-day autonomous vehicle pilot program with Beep, a Florida-based autonomous mobility solutions company.

 

“This transportation pilot is a unique experiment for our community,” said Mayor Cathy Carlat. “We see this as an important step as we…

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Added by John Sternal on February 6, 2020 at 11:32am — No Comments

Former Volkswagen Group North America CEO Hinrich Woebcken Joins Beep Advisory Board

Advisory members play an instrumental role in company decisions and long-term strategic direction

Beep, a Florida-based autonomous mobility solutions company, today announced the addition of Hinrich Woebcken, former CEO of Volkswagen Group of North America Inc. to its Advisory Board.  Beep’s Advisory Board includes distinguished transportation industry leaders and executives who consult on company’s initiatives and influence strategic decisions. 

Woebcken most recently…

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Added by John Sternal on February 4, 2020 at 10:43am — No Comments

LEASE CREDIT APPROVAL RATES RISE TO 72% TO CLOSE OUT 2019

Lease Approval Ratings in December Reached Their Highest Number Since September of 2019

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72% approval rate in December, a rise from the November rate of 67.1%.

December experienced a slightly higher number of applicants with qualifications for taking over another person’s lease contract and one of the highest approval rates for the 2019 year. The approval rate is…

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Added by John Sternal on January 27, 2020 at 11:20am — No Comments

New Lease Data Forecasts Which Red Vehicles Will Be Priced Best For Valentine’s Day

Wantalease.com Data Shows Which Manufacturers could offer Attractive Lease Deals for February based on January Lease Data 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 January, and forecasts which red vehicles will be best to lease for Valentine’s Day in the month of February. Several manufacturers offered attractive discounts and competitive pricing on mid-size cars and…

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Added by John Sternal on January 21, 2020 at 4:41pm — No Comments

Auto Loan Originations Observations From Equifax

Key Insights and Data:

Auto Loan Originations Observations

Originations through September 2019 reported as of November 2019

  • 18.8 million auto loans, totaling $442.5 billion, have been originated year-to-date. This is a 0.5% increase in accounts and a 4.1% increase in balances over this time last year.
  • Auto loans represent 86.4% of all auto account originations and 89.9% of all auto origination balances…
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Added by John Sternal on January 14, 2020 at 11:29am — No Comments

Swapalease.com Releases Holiday Trend Report Highlighting Consumer Preferences On Automotive Shopping And Spending

Survey Results Reveal Consumer Buying and Leasing Habits, Preferences, and Shopping Needs

Swapalease.com, the nation’s largest car lease marketplace, announced today the results of a holiday shopping survey, revealing consumer shopping trends and spending motives. Respondents were asked about the types of vehicles they were shopping for, how they shop for a vehicle, motivating factors in selecting their next vehicle as well as their opinions on holiday automotive…

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Added by John Sternal on December 17, 2019 at 9:54am — No Comments

Beep Appoints Clayton Tino as Chief Technology Officer

Extensive Experience in Engineering, Platform Design and Software Development

to Innovate and Scale Mobility Platform

Beep, a Florida-based autonomous mobility solutions company, today announced it has appointed Clayton Tino, Ph.D., as Chief Technology Officer. In this role, Tino will focus his efforts on defining and managing Beep’s product strategy and delivery.

Tino has extensive technology experience in platform design and software development. Prior to joining Beep, he…

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Added by John Sternal on December 11, 2019 at 10:13am — No Comments

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

Wantalease.com Data Shows that Cars and SUVs could offer Attractive Lease Deals for December Year-End Promotions based on November Lease 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 November, and forecasts new leasing trends for the month of December.  Several manufacturers offered attractive discounts and competitive pricing on compact cars and SUVs, while most luxury and…

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Added by John Sternal on November 26, 2019 at 1:13pm — No Comments

Slight Downturn In Lease Credit Approvals In October

Lease Approval Ratings Drop Slightly to 68.8% in October Following Increase in September

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 68.8% approval rate in October, a modest dip from the September rate of 72.9%.…

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Added by John Sternal on November 14, 2019 at 12:04pm — No Comments

Auto Loan & Lease Origination Data Reported as of August 2019

Auto Loan Originations Observations

Originations through June 2019 reported as of August 2019

  • 12.3 million auto loans, totaling $286.2 billion, have been originated year-to-date. This is a 0.6% decrease in accounts and a 2.6% increase in balances over this time last year.
  • Auto loans represent 86.6% of all auto account originations and 90.0% of all auto origination balances YTD.
  • 2.68 million auto loans have been…
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Added by John Sternal on November 14, 2019 at 11:53am — No Comments

Survey Reveals Customer Pain Points In Financial Lending Processes, Lenders Heed Operational Efficiency Challenges

Majority of Consumers Report Complaints Related to Time and Efficiency in the Automotive Lending Process

Inovatec Systems Corp., a provider of industry-leading, cloud-based software solutions for all financial institutions, today announced the results of its latest survey, revealing consumer pain-points associated with lenders when financing a vehicle.

When asked about the biggest complaint associated with financing their last vehicle, 56.8% of consumers said that…

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Added by John Sternal on October 28, 2019 at 3:18pm — No Comments

Lease Credit Approval Rates Rise to 72.9% in September

Lease Approval Ratings Increase by 4% in the Month of September, Reaching the Highest Approval Rating Since March of 2016

 

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72.9% approval rate in September, a 4% increase from the August rate of 68.9%. September had the highest number of credit approvals in nearly three years. The last time credit approvals registered higher than 72.9% was in March of 2016,…

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Added by John Sternal on October 28, 2019 at 2:53pm — No Comments

Inovatec Systems Corp. Partners with Inverite Verification in Strategic Partnership

Inovatec Systems Corp., a provider of industry-leading, cloud-based software solutions for all financial institutions, and Inverite Verification, the leading open-banking provider with coverage for over 275 Canadian Financial Institutions, today announced their strategic partnership to increase operational efficiencies for lenders.  

Inovatec will integrate with Inverite to increase the speed of lending decisions through income verification, transaction history and risk scores to help…

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Added by John Sternal on October 22, 2019 at 10:16am — No Comments

5 “Spooktacular” Lease Deals for Halloween

Swapalease.com Compiled 5 Most Reasonably Priced Automobile Leases Around the Country



Swapalease.com, the nation’s largest car lease marketplace, today announced the five best lease deals for the Halloween holiday. Vehicles were selected by Swapalease.com advisors based on new lease price data for the month of October. Swapalease.com customer advisors help guide shoppers into the right lease vehicle that fits their automotive needs.



The…

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Added by John Sternal on October 8, 2019 at 9:36am — No Comments

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