Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders
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
Lease Approval Ratings Rise Slightly Following -3.9% Dip in Month of September
Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 70.9% approval rate in October, a slight rise from the September rate of 69.8%.
The number of lease approvals is significantly higher than the same time last year, as just 55.6% of lease applicants were approved in October 2017. Another 61.5% were approved in October…Continue
Added by John Sternal on November 15, 2018 at 8:43am — No Comments
Consumers Actually Want To Negotiate Price Face-To-Face, Contrary To Dealer Beliefs
Sure, 84% of all consumers begin their car shopping through online research, but the vast majority want to negotiate in person at the dealership. The dealership experience is more important than ever. To better understand how dealers can make this a successful experience, Jumpstart Automotive Media studied the latest shopping trends in conjunction with Ipsos for their…Continue
Added by John Sternal on November 7, 2018 at 7:58am — No Comments
Sure, 84% of all consumers begin their car shopping through online research, but the vast majority want to negotiate in person at…Continue
Added by John Sternal on November 6, 2018 at 11:00am — No Comments
Swapalease.com Compiled 5 Most Reasonably Priced Automobile Leases Around the Country
Swapalease.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 “seriously scary”…Continue
Added by John Sternal on October 31, 2018 at 8:09am — No Comments
Seasoned automotive technology veteran will help Equifax drive innovative solutions for customers
Equifax Inc. (NYSE: EFX), a global information solutions company, announced today it has named Byron McDuffee automotive general manager. He will be responsible for leading the company’s automotive business, focusing on expanding enterprise solutions sales opportunities within…Continue
Added by John Sternal on October 29, 2018 at 6:42am — No Comments
Wantalease.com Data Show that Several Brands Have Slightly Increased or Maintained Their Prices on Lease Deals
Wantalease.com, the nation’s first online marketplace for new lease deals, reports the latest update on lease offerings for the month of October, and forecasts upcoming trends for the month of November. The majority of dealers either slightly increased or maintained their prices on their lease deals heading into the month.
The vehicles with the largest…Continue
Added by John Sternal on October 23, 2018 at 8:47am — 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 October 23, 2018 at 7:55am — No Comments
Residents Along East Coast Interested in ‘Affordable Functionality’
Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today announced new post-Florence shopping analysis that shows what types of vehicles are being considered and researched along the Southeastern coastal region of the U.S. following the storm.
Jumpstart experts analyzed the Florence-affected areas and…Continue
Added by John Sternal on October 22, 2018 at 7:50am — No Comments