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John Sternal's Blog – May 2019 Archive (6)

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

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