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

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
yesterday
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
John Sternal posted a blog post

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 custom machine…See More
Jul 16
John Sternal posted a blog post

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.COMSeveral Manufacturer Prices Fluctuate on Small, Mid-Size and Luxury SUVsWantalease.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 fluctuations on small, mid-size and luxury…See More
Jun 26
John Sternal posted a blog post

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 transactionsA 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, fraud; and their prospects of offering online digital retailing…See More
Jun 25
John Sternal posted blog posts
Jun 19
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

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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

Swapalease Data: Are Crossovers Not in Demand for Leasing?

Posted on August 20, 2019 at 10:07am 0 Comments

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…

Continue

Lease Credit Approval Rates Rise to 69.1% in July

Posted on August 15, 2019 at 1:59pm 0 Comments

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

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

Posted on August 15, 2019 at 9:15am 0 Comments

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…

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Latest Equifax Auto Credit Trends Illustrate Softening Loan Balances

Posted on August 14, 2019 at 9:59am 0 Comments

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

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Latest Activity

Dave Anderson posted a blog post

Face and Fix These Four Excuses

Excuses are common amongst underachievers, and when you're trying to live the game changer life,…See More
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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…See More
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Jim Flint's blog post was featured

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
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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
Tuesday
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.
Monday
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
Monday
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
Monday
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
Aug 16
John Sternal posted blog posts
Aug 15
Veronica Dunford posted a blog post
Aug 15
Stephen Coambes posted a blog post
Aug 15
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
Aug 15
Steven Laureys posted a blog post
Aug 14
John Sternal posted blog posts
Aug 14
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

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