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John Sternal's ADM Blog (380)

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…

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Added by John Sternal on July 16, 2019 at 8:55am — No Comments

Nissan Increases Prices om New Lease Deals in June According to Wantalease.com

Wantalease.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 SUVs. 

Included in many of the price increases from Nissan is the Pathfinder.  The Pathfinder had an increase in price of 14% this month.  The vehicle…

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Added by John Sternal on June 26, 2019 at 12:43pm — No Comments

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 transactions

A new automotive survey from Equifax finds that dealers understand digital retail solutions, but may struggle in providing such solutions to customers. The online…

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Added by John Sternal on June 25, 2019 at 8:30am — No Comments

Trust Science and Inovatec Systems Team Up to Release World's First End-to-End Loan Management Platform Powered by Alternative Credit Scores

Trust Science and Inovatec Systems Team Up to Release World's First End-to-End Loan Management Platform Powered by Alternative Credit Scores

Lenders now have the ability to reliably find, score, lend to and manage the loans of 64 million unbanked and under-banked consumers in the United States alone…

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Added by John Sternal on June 19, 2019 at 8:09am — No Comments

Lease Credit Approval Rates Rise To 72.4% In May

Lease Approval Ratings in May reach Their Highest Number Yet for 2019

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72.4% approval rate in May, a slight rise from the April rate of 72%. 

 

May experienced a higher number of applicants with qualifications that led to more approvals for taking over another person’s lease contract during the month. May saw an increase in approval ratings from the…

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Added by John Sternal on June 19, 2019 at 6:08am — No Comments

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

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…

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Added by John Sternal on June 6, 2019 at 6:09am — No Comments

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…

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Added by John Sternal on May 31, 2019 at 10:19am — No Comments

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 Programs

MOTOR Information Systems, one of the…

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Added by John Sternal on May 29, 2019 at 8:29am — No Comments

NIADA Q1 Business Confidence Survey

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…

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Added by John Sternal on May 21, 2019 at 6:28am — No Comments

Auto Lease Prices Remain Steady Into May As Dealers Prepare To Offer Memorial Day Shopping Incentives

Several Entry-Level Cars Experience Price Increases, Allowing Dealers Room For Greater Holiday Weekend Lease Discounts

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-six different vehicles maintained their prices from April, a slight decrease from last month’s lease deals, where 75% of…

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Added by John Sternal on May 20, 2019 at 7:35am — No Comments

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…
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Added by John Sternal on May 16, 2019 at 10:00am — No Comments

Lease Approval Ratings in April Reach Their Highest Since August of 2018, making it the strongest month of the year Swapalease.com, the nation’s largest car lease marketplace, reports car lease credi…

Lease Approval Ratings in April Reach Their Highest Since August of 2018, making it the strongest month of the year

Swapalease.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…

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Added by John Sternal on May 13, 2019 at 11:51am — No Comments

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…

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Added by John Sternal on April 30, 2019 at 6:15am — No Comments

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 April

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 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…

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Added by John Sternal on April 24, 2019 at 6:56am — No Comments

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 Location

Swapalease.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…

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Added by John Sternal on April 17, 2019 at 12:37pm — No Comments

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…

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Added by John Sternal on April 10, 2019 at 7:02am — No Comments

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…

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Added by John Sternal on March 27, 2019 at 6:26am — No Comments

AUTO LEASE PRICES DROP ON SEVERAL CHEVROLET AND FORD MODELS IN MARCH

Chevrolet and Ford Offer Attractive Lease Deals on Many Vehicles, While SUV…

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Added by John Sternal on March 20, 2019 at 8:30am — No Comments

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 “…

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Added by John Sternal on March 18, 2019 at 8:47am — No Comments

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…

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Added by John Sternal on March 5, 2019 at 11:16am — No Comments

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