Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders
Added by John Sternal on March 20, 2019 at 8:30am — No Comments
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.
Added by John Sternal on March 18, 2019 at 8:47am — No Comments
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…Continue
Added by John Sternal on March 5, 2019 at 11:16am — No Comments
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…Continue
Added by John Sternal on February 19, 2019 at 9:35am — No Comments
While the Majority of Today’s Popular Leases Retain their Monthly Payment Prices from January, Nissan Offers Attractive Lease Deals on Many Vehicles
Wantalease.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…Continue
Added by John Sternal on February 12, 2019 at 8:41am — No Comments
Lease Approval Ratings Dip to 67.6%, The Lowest Since May 2018
CINCINNATI, OHIO (February 7, 2019) – Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 67.6% approval rate in January, a decrease from the December rate of 71.4%.
January experienced a slightly lower number of applicants with qualifications for taking over another person’s lease contract during…Continue
Added by John Sternal on February 7, 2019 at 8:27am — No Comments
Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…Continue
Added by John Sternal on January 29, 2019 at 9:00am — No Comments
Stronger Emphasis on Used Vehicle Sales Powers F&I Products
Protective Asset Protection, a provider of F&I programs, services, and dealer-owned warranty company programs, announced today results of a recent survey it commissioned to gauge how dealers leveraged F&I programs and opportunities in 2018.
Protective commissioned the survey toward the end of December, 2018, and nearly 160 dealers took the online survey. The…Continue
Added by John Sternal on January 29, 2019 at 8:06am — No Comments
Dealers and lenders want more connected data…Continue
Added by John Sternal on January 24, 2019 at 10:30am — No Comments
Employment and income solutions help reduce costly manual verifications and mitigate losses
Identity, employment and income verifications are an integral part of the overall transaction process with dealers and lenders, as well as loss mitigation. Equifax Inc. (NYSE: EFX), a global information solutions company, will display at the NADA Show & Expo in San Francisco its Equifax Verification Services leveraging The Work Number® database…Continue
Added by John Sternal on January 23, 2019 at 7:25am — No Comments
76% of Today’s Popular Leases Retain or Slightly Increase Their Monthly Payment Prices from December
Wantalease.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 or slightly increasing from last month. Twenty-two different vehicles maintained their prices from the previous month, while twenty-four slightly increased, showing prices are…Continue
Added by John Sternal on January 10, 2019 at 8:10am — No Comments
CompliancePoint, a leading provider of information security and risk management services for compliance and data security, has established a data privacy solutions focus for the automotive industry, with resources to protect manufacturers, automotive lenders, dealers and other users of automotive data.
In 2018, more than 100 automotive manufacturing companies including General Motors, Fiat Chrysler, Tesla, Ford, Toyota and Volkswagen experienced a…Continue
Added by John Sternal on January 7, 2019 at 9:00am — No Comments
As car dealer principals look to transition away from operating a non-controlled foreign corporation (NCFC) due to the unknown outcome of the new tax law, many have set their sights on becoming a dealer-owned warranty company (DOWC). As part of this, dealers have been asking about the specifics behind the DOWC structure, and what a transition would look like.
The Federal Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump in December 2017 and is effective for the 2018…Continue
Added by John Sternal on December 20, 2018 at 11:30am — No Comments
Lease Approval Ratings Drop Slightly in November Following Slight Increase in October
Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 68.9% approval rate in November, a slight drop from the October rate of 70.9%.
The number of lease approvals is slightly higher than last year for the month of November, as 67.5% of lease applicants were approved in 2017, and 64.7% were approved in November of…Continue
Added by John Sternal on December 19, 2018 at 6:12pm — No Comments
A Number of Compact Cars and Sedans See Increased Discounts to New Leases as End Of Year Closes
Wantalease.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 December. Several automotive brands offered discounts on compact cars and sedans leading up to the end of the 2019 year.
Most vehicle prices have remained steady into December,…Continue
Added by John Sternal on December 18, 2018 at 6:54am — No Comments
Equifax has new insight as we close out 2018 on the topic of affordability, with data that show where affordability is becoming more of a potential issue. According to Equifax, the average lease balance financed has increased just +5.5% from January 2016 to November 2018. Conversely, the average loan balance financed during the same period has increased +24.2%.…Continue
Added by John Sternal on December 18, 2018 at 5:51am — No Comments
Data from both Jumpstart Automotive Media and Black Book supports how car shoppers are increasingly looking at used vehicles over new in 2018.
According to Jumpstart…Continue
Added by John Sternal on December 6, 2018 at 6:20am — No Comments
Wantalease.com Data Shows that Mid-Size Cars 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. Ford and Volkswagen offered the most generous discounts on their entry mid-size cars, while most luxury vehicles and…Continue
Added by John Sternal on December 3, 2018 at 5:48pm — No Comments
It has been reported that GM will be eliminating several passenger cars, including the Chevrolet Volt and Chevrolet Cruze, two compact vehicles that were held up as examples of the automaker's post-bankruptcy revival. The decision comes as Americans are reducing…Continue
Added by John Sternal on November 29, 2018 at 6:00am — No Comments
Swapalease.com, the nation’s largest car lease marketplace, announced today its latest lease trends report with highlights from the third quarter of 2018. According to the report, search traffic is up significantly year-over-year for most brands with the exception of brands such as Acura (-7%) and Hyundai (-11%), which continue to…Continue
Added by John Sternal on November 28, 2018 at 6:00am — No Comments