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John Sternal's Blog – April 2018 Archive (9)

Equifax Highlights Additional Consumer Credit Trends Impacting Purchase Habits

Below are some additional data points from a recent consumer credit trends study conducted by Equifax. The initial release highlighted trends in awareness of credit amongst Millennials and Baby Boomers, as well as affordability expectations of Prime and Subprime shoppers. The online survey was conducted…

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Added by John Sternal on April 24, 2018 at 8:43am — No Comments

Jumpstart Automotive Media Path To Purchase Insights: Consumer Interest Across Trucks, Utilities and Cars, with Emphasis on Refreshes and Launches

Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today released its monthly shopper interest data, with results showing increased shopper interest in key vehicle refreshes and upcoming launches, as well as pickups, utility vehicles and…

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Added by John Sternal on April 24, 2018 at 8:00am — No Comments

Jumpstart Automotive Media Path To Purchase Insights: Consumer Interest Across Trucks, Utilities and Cars, with Emphasis on Refreshes and Launches

Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today released its monthly shopper interest data... The results showing increased shopper interest in key vehicle refreshes and…

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Added by John Sternal on April 23, 2018 at 12:00pm — No Comments

Hearst Autos Joins CDK Global Partner Program

Dealerships can expect higher performing placements and faster turnaround…

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Added by John Sternal on April 17, 2018 at 8:00am — No Comments

Lease Credit Approval Rates Rise to 67.3% In March

Lease Approval Ratings Continue to Improve in March Following Steady Monthly Approval Increases in Q1

 

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 67.3% approval rate in March, a rise from the February rate of 65.2%.

 

March experienced a higher number of applicants with qualifications that led to more approvals for taking over another…

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Added by John Sternal on April 17, 2018 at 6:58am — No Comments

PROTECTIVE ASSET PROTECTION REVEALS LATEST DEALER SURVEY ON VEHICLE SERVICE CONTRACTS/F&I OFFERINGS

Protective Asset Protection, a provider of F&I programs, services, and dealer-owned warranty programs, announced today results of its latest survey addressing dealer concerns and opportunities with F&I product offerings. Behind financing, additional F&I offerings represent the second-largest opportunity for margin growth for dealers (57.6%).…

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Added by John Sternal on April 16, 2018 at 8:27am — No Comments

New Lease Data Forecasts Which Vehicles are Best to Lease in the Month of April

Wantalease.com Data Show that SUVs and trucks will offer Attractive lease Deals for April, based on March 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 March, and forecasts new leasing trends for the month of April.  Several brands offered discounts on mid-size and large SUVs, as well as truck deals, while most smaller vehicles and regular-size cars maintained or increased…

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Added by John Sternal on April 5, 2018 at 7:58am — No Comments

The Vehicles Expecting Moms Should Be Driving

POLL: According to a New Survey from Swapalease.com, Expecting Moms Most Likely opt for Mid-Size SUV’s with a More Trendy Style and Design

Swapalease.com, the nation’s largest car lease marketplace, today announced results of its “New and Expecting Moms” survey, where thousands of drivers across the country were asked about their preferences on vehicles for new moms.  

The majority of those polled 32% say mid-size SUV’s are the best vehicle type for expecting…

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Added by John Sternal on April 5, 2018 at 7:50am — No Comments

Most Recent Auto Credit Highlights for February 2018

  • 28.10 million auto loans and leases, totaling $611.3 billion, were originated January-December 2017, representing a 3.5% decrease in total new accounts, and a 1.1% decline in balances over the prior year, reflecting a market shift from new to used cars.
  • January through December 2017, 9.2% of auto leases were issued to consumers with a subprime credit score, the smallest subprime share since 2011.
  • The severe delinquency rate (share of balances 60+ days past due) on…
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Added by John Sternal on April 4, 2018 at 1:01pm — No Comments

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