Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders
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…Continue
Added by John Sternal on May 31, 2019 at 10:19am — No Comments
Data Providers Can Help Expand Opportunities for Mechanical Wholesale
& Collision Wholesale Programs
MOTOR Information Systems, one of the…Continue
Added by John Sternal on May 29, 2019 at 8:29am — No Comments
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…Continue
Added by John Sternal on May 21, 2019 at 6:28am — No Comments
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…Continue
Added by John Sternal on May 20, 2019 at 7:35am — No Comments
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:
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 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…Continue
Added by John Sternal on May 13, 2019 at 11:51am — No Comments
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…Continue
Added by John Sternal on April 30, 2019 at 6:15am — No Comments
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…Continue
Added by John Sternal on April 24, 2019 at 6:56am — No Comments
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…Continue
Added by John Sternal on April 17, 2019 at 12:37pm — No Comments
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…Continue
Added by John Sternal on April 10, 2019 at 7:02am — No Comments
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…Continue
Added by John Sternal on March 27, 2019 at 6:26am — No Comments
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