John Sternal
  • Boca Raton, FL
  • United States
  • Merit Mile
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Latest Activity

John Sternal posted a blog post

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

Data Shows Various Impacts and Complexity of Vehicle Repairs on ClaimsProtective 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 2014 and 2018 for new vehicles, and a 95% increase over the same time for used…See More
Jun 6
John Sternal posted a blog post

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 270…See More
May 31
John Sternal posted a blog post

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 ProgramsMOTOR Information Systems, one of the world’s premier suppliers of automotive data and a trusted partner of leading Automakers, today unveiled a new educational white paper for Original Equipment Parts Manufacturers and the greater automotive parts industry: “How to generate more demand for OE Parts”.…See More
May 29
John Sternal posted blog posts
May 21
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

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Vendor Partner
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Merit Mile
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Director
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http://meritmile.com
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We are interested in sharing automotive insight, data and trends.

John Sternal's Blog

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

Posted on June 6, 2019 at 9:09am 0 Comments

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

Selling F&I Products On Alternate Fuel Vehicles? Here’s What To Know

Posted on May 31, 2019 at 1:19pm 0 Comments

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

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

Posted on May 29, 2019 at 11:29am 0 Comments

Data Providers Can Help Expand Opportunities for Mechanical Wholesale

& Collision Wholesale Programs

MOTOR Information Systems, one of the…

Continue

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

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