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John Sternal's Blog – March 2020 Archive (5)

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

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