John Sternal's Blog – October 2021 Archive (5)

Swapalease.com Releases Latest Figures on Lease Credit Approvals showing a Slight Decrease for September

Lease Credit Approvals Reached 67.6% in September; Down from 71.3% in August 



Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 67.6% approval rate in September. The approval rate is a slight decrease from the 71.3% rate in August.  
   

    

The September number is similar to the approval rate at…

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Added by John Sternal on October 28, 2021 at 9:38am — No Comments

SWAPALEASE.COM IDENTIFIES TREND WHERE DEALERS ARE BUYING OUT MORE EXISTING LEASED VEHICLES TO ALLEVIATE INVENTORY SHORTAGES

Swapalease.com, the nation’s largest car lease marketplace, released today new data that uncovers a growing trend in auto leases that is directly tied in with the ongoing microchip shortages and new-vehicle dealership inventory challenges.

Over the past 12 months Swapalease.com is seeing a nearly 500% increase in the number of leases getting bought out in its nationwide online marketplace. These leased vehicles are listed typically between 15 and 20 months old, and in many cases have…

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Added by John Sternal on October 20, 2021 at 10:33am — No Comments

PROTECTIVE ASSET PROTECTION REPORT SHEDS LIGHT ON DIGITAL RETAILING’S IMPACT ON F&I PRODUCT GROWTH TRENDS

Protective Asset Protection, a leading provider of F&I programs, services and the dealer owned warranty company program, announced additional trends and insights stemming from its recently released second annual report on automotive F&I Product Trends and Outlook, with an emphasis on the impact digital retail has had on F&I product sales to car shoppers. Click here to download the F&I Trends…

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Added by John Sternal on October 19, 2021 at 9:19am — No Comments

PURECARS ANNOUNCES PARTNERSHIP WITH AMAZON ADVERTISING

PureCars, a leading provider of digital marketing technology and services for automotive dealers, today announced a new partnership with Amazon Advertising, enabling PureCars’ automotive retail partners direct access to Amazon’s Demand-side Platform (DSP) ecosystem of streaming video content.

With the new partnership, PureCars’ dealer partners gain digital advertising access to Amazon’s 120 Million active Fire TV users in the United States and Canada, along with access to advertising…

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Added by John Sternal on October 19, 2021 at 9:06am — No Comments

MARKET SCAN SHOWCASES ITS PIONEERING AUTOMOTIVE PAYMENTS AS A SERVICE™ PLATFORM AT DIGITAL DEALER IN LAS VEGAS

LAS VEGAS, (October 8, 2021) –Market Scan Information Systems, Inc., an industry-leading automotive SaaS / PaaS solutions and data provider, announced today it is exhibiting and showcasing its pioneering Automotive Payments as a Service™ platform at Digital Dealer Las Vegas, October 12-14.  

By seamlessly combining science, technology and data, Market Scan’s Automotive Payments as a Service platform powers today’s modern retailing. Only Market Scan tracks all five key…

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Added by John Sternal on October 8, 2021 at 12:24pm — No Comments

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