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John Sternal's ADM Blog (430)

PureCars Auto Sales Data May 22 - 28; Used Vehicles Dominate Top Sales

New brand performance sales data from PureCars illustrates which brands, models and new vs. used saw the biggest sales during the period of May 22 - May 28. 

 

Breakdown of Brand % of Sales May 22 - May 28

Brand  % of Sales

1: Ford  14%

2: Toyota 11%

3: Chevrolet 11%

4: Honda 8%

5: Jeep 6%

6: Nissan 4%

7: Subaru 4%

8: Hyundai 4%

9: GMC 5%

10: Kia…

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Added by John Sternal on June 2, 2020 at 8:36am — No Comments

PROTECTIVE ASSET PROTECTION MAKES ONLINE DEALER TRAINING INSTITUTE AVAILABLE DURING COVID-19 PANDEMIC

Online Training Program Helps F&I Personnel Elevate Skills to Improve Profit and Customer Satisfaction Levels

 

CHESTERFIELD, MO (May 20, 2020) – Protective Asset Protection, a leading provider of F&I programs, services and dealer owned warranty company programs, has made available its library of professional development training courses to all dealership personnel and agents. This…

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Added by John Sternal on May 20, 2020 at 5:56am — No Comments

Inovatec Systems Awarded TISAX Certification

The Trusted Information Security Assessment Exchange Certification is the Automotive Industry Standard for Information Security

Inovatec, a cloud-based software solutions provider, today announced that it has been awarded the Trusted Information Security Assessment Exchange (TISAX)…

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Added by John Sternal on May 12, 2020 at 11:30am — No Comments

PureCars Data: Early Stay-at-Home States Showing Positive Signs for Auto Dealers

Here is the latest COVID-19 report for auto dealers, filled with data and insights from PureCars that shows that continued impact the pandemic is having on the industry, tips to help dealers make the right decisions for their business, and trends that show where dealers in some of the earliest and hardest-affected…

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Added by John Sternal on April 28, 2020 at 6:00am — No Comments

LEASE CREDIT APPROVAL RATES DIP SLIGHTLY TO 69.3% IN MARCH

Lease Approval Ratings and Consumer Shopping Habits Shift Amongst COVID-19 Pandemic

 

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 69.3% approval rate in March, a slight decline from the February rate of 72.3%.

 

March experienced a higher number of applicants with qualifications…

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Added by John Sternal on April 23, 2020 at 7:33am — No Comments

Best Practices in Credit Reporting Coding In Disaster Scenarios

Below is an article written by Jenn Reid at Equifax that offers important information on customer credit for dealers/F&I and lenders. I wanted to pass along to my dealer network here so they could benefit from the information.

Given the unprecedented climate that has taken place resulting from the COVID-19 outbreak and containment efforts, we have received a large number of questions in regards to how this event impacts credit reporting particularly given the recent…

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Added by John Sternal on April 21, 2020 at 9:00am — No Comments

SURVEY: 61% OF COMPANIES FINANCING EQUIPMENT LACK MODERN PROCESS MANAGEMENT TECHNOLOGY THAT CAN BE CRITICAL TO BUSINESSES IN TIMES OF DOWNTURN

Majority of Finance Executives Report Deficiency in Sophisticated Systems to Help Manage Complex Loans and Transactions

BURNABY, BC (April 16, 2020) - Inovatec Systems Corp., a provider of industry-leading, cloud-based software solutions for all financial institutions, today announced the results of its latest survey, showing 61% of executives who finance equipment reported their organization lacks modern process management…

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Added by John Sternal on April 16, 2020 at 12:41pm — No Comments

COVID-19 Recovery Roadmap: Bold Dealer Strategies that are Paying off Big

Thu, Apr 23, 2020 2:00 PM - 3:00 PM EDT

About:

Join PureCars Founder and CEO, Jeremy Anspach, as he sits down with fellow thought leaders David Kain and Rick Ricart to discuss what recovery looks like for auto dealers as we begin to look toward re-opening from the COVID-19 Crisis. Jeremy, David and Rick will discuss the bold strategies that are paying off big for…

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Added by John Sternal on April 16, 2020 at 12:07pm — No Comments

Equifax Webinar: Credit Reporting During the COVID-19 Pandemic

The COVID-19 has impacted virtually every aspect of personal and business life including the credit reporting marketplace.  The recently signed CARES Act includes measures related to reporting information during these times. The automotive industry is responding by leveraging credit reporting codes that are available for times of disaster to help mitigate the potential negative impact of late, missed, or deferred auto loan payments.…

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Added by John Sternal on April 15, 2020 at 9:07am — No Comments

PureCars Weekly Data & COVID-19 Dealer Report

Automotive dealer advertising and attribution technology provider, PureCars, just released its weekly COVID-19 Dealer Report for the week of April 10, 2020. It is the third installment of its weekly report. The report offers weekly data insights on shopper trends to help auto dealers make up-to-the-minute decisions that are best for their business. Please …

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Added by John Sternal on April 13, 2020 at 11:19am — No Comments

JTA, Beep & NAVYA Autonomous Shuttles Help Transport COVID-19 Tests Collected at Mayo Clinic Drive-Thru Site in Jacksonville

The Jacksonville Transportation Authority (JTA), Beep Inc. and NAVYA partner with Mayo Clinic to safely transport COVID-19 samples on their Jacksonville Campus

For the first time in the United States, autonomous vehicles are being used to transport medical supplies and COVID-19 tests at Mayo Clinic in Florida.

At a time when healthcare resources and personnel are…

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Added by John Sternal on April 2, 2020 at 10:20am — No Comments

How The F&I Industry Can Help Dealers & Lenders During COVID-19

F&I program provider, Protective Asset Protection, is making the following proactive measures to assist dealers and lenders currently during the COVID-19 outbreak and containment efforts. 

Dealers and lenders continue to face great challenges as the nation continues to try to contain the COVID-19 outbreak. Here are several ways Protective is trying to help:…

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Added by John Sternal on March 24, 2020 at 1:53pm — No Comments

Auto Lease Prices Drop On Several Mid-Size Cars And SUVs In March

Automotive Manufacturers Offer Aggressive Lease Deals on Many Vehicles Amidst Sales Slump in Response to COVID-19

Wantalease.com, the nation’s first online marketplace for new lease deals, reports the latest update on new lease offerings for the month of March.  Several brands offered significant discounts on mid-size cars and SUVs, likely a result of falling sales due to COVID-19. OEM’s are offering aggressive deals on lease payments to attract shoppers and potential…

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Added by John Sternal on March 24, 2020 at 12:34pm — No Comments

321 Ignition Announces Free Scripts & Templates to Help Dealers Cars Online During the Coronavirus

As the Novel Coronavirus continues to spread and reports of hand sanitizer and toilet paper shortages increases, our team wanted to do something to help support car dealerships that have recently shut down their showrooms.

After many discussions with clients & partners, the team created materials for dealerships that don't have the internal marketing staff or resources to update their website and enhance their customer communications.

Free…

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Added by John Sternal on March 23, 2020 at 8:13am — No Comments

Lease Credit Approval Rates Rise To 72.3% Entering March

Online Credit Applications Increase as Shoppers Seek Alternative Means of Vehicle Acquisition

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72.3% approval rate in February, an increase from the January rate of 70%. The desire to have more flexibility in a lease has continued to be a primary driver for more people to seek vehicle leases with shorter terms that they can afford on secondary markets such as…

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Added by John Sternal on March 19, 2020 at 11:30am — No Comments

Protective Asset Protection Produces Automotive Industry's First In-Depth Annual Report On F&I Product Trends and Outlook

Annual Report Shows How Dealers Are Selling F&I; Challenges & Opportunities In 2020

Protective Asset Protection, a provider of F&I programs and services today announced the release of its first annual F&I Trends Report, an in-depth look at the trends shaping F&I…

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Added by John Sternal on March 11, 2020 at 7:20am — No Comments

Beep Announces Autonomous Shuttle Expansion In Peoria

The Driverless Shuttle Will Begin Its First Routes in Arizona on the Weekend of February 22nd

 Beep, a Florida-based autonomous mobility solutions company, announced today its first expansion out of the state of Florida into the city of Peoria, Ariz. The city…

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Added by John Sternal on February 20, 2020 at 8:00am — No Comments

NAVYA Honed By Frost & Sullivan With 2019 Leadership Award In Global Autonomous Shuttle Industry

NAVYA (FR0013018041- NAVYA), a leading company in autonomous driving systems, recently received the 2019 Global Autonomous Shuttle Product Leadership Award from Frost & Sullivan.

 

NAVYA’s proven track record, recently acknowledged by the RTA Dubai World Challenge as the designer and…

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Added by John Sternal on February 13, 2020 at 1:30pm — No Comments

Lease Credit Approval Rates Dip Slightly to 70% Entering the New Year

Lease Approval Ratings Dip to 70% in January, a Slight Decrease from December

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 70% approval rate in January, a decrease from the December rate of 72%.

January experienced a slightly lower number of applicants with qualifications for taking over another person’s lease contract during the month, registering at -2% fewer approvals than the month of December. …

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Added by John Sternal on February 11, 2020 at 9:43am — No Comments

Peoria Approves Funding for Autonomous Shuttle

The city of Peoria is piloting an autonomous shuttle program

Arizona’s first shared-ride, autonomous shuttle operating on a public street is coming to Peoria. Last night, Peoria’s city council approved the funding for a 60-day autonomous vehicle pilot program with Beep, a Florida-based autonomous mobility solutions company.

 

“This transportation pilot is a unique experiment for our community,” said Mayor Cathy Carlat. “We see this as an important step as we…

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Added by John Sternal on February 6, 2020 at 8:32am — No Comments

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