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

John Sternal posted a blog post

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 TrendsWantalease.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 full-size vehicle…See More
Nov 26
John Sternal posted blog posts
Nov 14
John Sternal posted blog posts
Oct 28
John Sternal posted a blog post

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 lenders…See More
Oct 22
John Sternal posted a blog post

5 “Spooktacular” Lease Deals for Halloween

Swapalease.com Compiled 5 Most Reasonably Priced Automobile Leases Around the CountrySwapalease.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 “spooktacular” lease deals are as follows:Honda…See More
Oct 8
John Sternal posted blog posts
Sep 25
John Sternal posted a blog post

Lease Credit Approvals Dip Slightly To 68.9% in August

Lease Approval Ratings Drop Slightly in August Following Increase in JulySwapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 68.9% approval rate in August, a slight dip from the July rate of 69.1%. August experienced a higher number of applicants with qualifications for taking over another person’s lease, as well as the highest number of applicants year-to-date. The month had a slightly lower approval rating than August of 2018, where…See More
Sep 18
John Sternal posted a blog post

Auto Loan & Lease Origination Data Through April 2019

Here is the most recent auto loan and lease origination data and trends from Equifax.  Key Highlights: The percent of subprime to the total originations is at the lowest point since 2011 (currently at 20.7%). Auto Loan Originations Observations reported through April 20197.96 million auto loans, totaling $183.9 billion were originated year-to-date. This is a 0.3% decrease in accounts and a 2.3% increase in balances over this time last year.Auto loans represent 86.6% of all auto account…See More
Sep 11
John Sternal posted a blog post

PROTECTIVE ASSET PROTECTION INTRODUCES ITS DEALER TRAINING INSTITUTE

Online Training Program Helps F&I Personnel Better Understand Product Offerings To Elevate Profit and Customer Satisfaction LevelsProtective Asset Protection, a provider of F&I programs, services and dealer owned warranty company programs, recognizes the significant importance of ongoing dealer and F&I personnel training with its Training Institute. The online curriculum program offers training for a diverse set of today’s most popular F&I products to help dealers increase…See More
Sep 5
John Sternal posted a blog post

MAJORITY OF TRUCK AND SUV PRICES DROP IN AUGUST PENDING 2020 RELEASES

While 67% Of Auto Lease Prices Remained Steady in August, Trucks and SUVs Experienced Significant Price DropsWantalease.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 August.  Over 33% of today’s popular automotive manufacturers of trucks and SUVs offered generous discounts on new lease deals.While most car prices have remained steady in August, manufacturers offered discounts on all categories of…See More
Aug 26
John Sternal posted a blog post

Swapalease Data: Are Crossovers Not in Demand for Leasing?

Crossovers Not Seeing Growth in Leasing?A year ago, roughly 7.4% of drivers polled said they would shop for a crossover if they needed to go out and lease a vehicle that day. A year later, that number dipped slightly to 7.1%. With all the explosive growth in Crossover production, is it not a vehicle that appeals to the lease crowd?Does Payment Threshold Really Matter?A year ago, the average lease payment was listed at $474.80. Today this number is $506.13, an increase of 6.8% on payment…See More
Aug 20
John Sternal posted blog posts
Aug 15
John Sternal posted blog posts
Aug 14
John Sternal posted blog posts
Aug 5
John Sternal posted blog posts
Jul 29
John Sternal posted a blog post

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 PrevalentSwapalease.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 remained strong, with many shoppers taking…See More
Jul 18

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Which best describes you?
Vendor Partner
What company do you work for (or own)?
Merit Mile
What is your current position within your organization?
Director
What is your company website?
http://meritmile.com
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Google
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We are interested in sharing automotive insight, data and trends.

John Sternal's Blog

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

Posted on November 26, 2019 at 1:13pm 0 Comments

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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Slight Downturn In Lease Credit Approvals In October

Posted on November 14, 2019 at 12:04pm 0 Comments

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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Auto Loan & Lease Origination Data Reported as of August 2019

Posted on November 14, 2019 at 11:53am 0 Comments

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

Posted on October 28, 2019 at 3:18pm 0 Comments

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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Dane Saville posted a blog post

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3 Types of Video that Lead to Increased Lead Conversion

Lehel Reeves shares three types of video responses to send to your customers that can increase show rate and lead conversions.
Thursday
Rob Gehring posted a blog post
Wednesday
Bill Wittenmyer posted a video

#WittsWiseWords: You Can Still Be The "Go-To Person" for Digital Retail

Digital retail opens new possibilities and responsibilities for engaging with today's connected car shopper. As Bill Wittenmyer explains, being the "Go-To" p...
Wednesday
Adam Swanson posted a blog post
Tuesday
Scot Eisenfelder posted a blog post

Auto Groups Overlook $230K Per Store in Used-Car Service Opportunities [PRESS RELEASE]

Study reveals that auto groups could significantly increase customer pay revenue by marketing to…See More
Tuesday
Reynalda Lor posted a discussion

Need Suggestion About Tesla 3 Floor Mats

Greetings!We recently got a bunch of Tesla Model 3 vehicles via a private dealing with the sellers…See More
Dec 2
Timmy D. James posted a blog post

Flick Fusion Introduces Dynamic Marketing Videos (DMVs) for Auto Dealers

New platform offers cost-effective, fast solution for creating videos that promote auto…See More
Dec 2
Mike Esposito posted a blog post

Auto/Mate Integrates Dealership Management System (DMS) with Storm Kiosks Inc.’s Express Service Kiosks

Albany, N.Y. – December 2, 2019 – Auto/Mate Dealership Systems announced today it has successfully…See More
Dec 2
Aadam Alford posted a blog post
Dec 2
Ryan Holman posted a blog post

Why Servicing Your Car Timely,Is An Important Thing To Marked In a Calendar

A car is similar to any other machine that requires regular maintenance. The cars are getting more…See More
Dec 2
Zoe Sewell posted a blog post

What Are The Different Types Of Truck Alarm System: Understand Their Importance

Do you own a truck? If you have one, in that case, you need to make sure that it is safe and secure…See More
Nov 28
Dave Anderson posted a blog post

The Golden Rule for Game Changers

It's not just what you don't do to someone, but what you proactively do for them that creates…See More
Nov 26

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