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

First Autonomous Vehicles in Central Florida Now in Service in Lake Nona

Central Florida’s first autonomous shuttles are on the road in Lake Nona, Orlando’s fastest-growing community. The fully electric, driverless shuttles will operate daily on an inaugural fixed route connecting the community’s entertainment district with residential communities. Together, with mobility solutions provider …

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Added by John Sternal on September 26, 2019 at 7:19am — No Comments

CARFAX Canada VIN Scan Integrates with Inovatec to Provide Unmatched Vehicle Insights

Inovatec Systems Corp. has chosen CARFAX Canada VIN Scan to help power their industry-leading, cloud-based lending software solutions. The partnership enables Inovatec users to adjudicate lease and finance applications with greater efficiency and accuracy.

CARFAX Canada has billions of data records from thousands of unique sources, including data that can't be found anywhere else. VIN Scan leverages this information to provide high-level insight into key vehicle attributes. The system…

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Added by John Sternal on September 25, 2019 at 9:02am — No Comments

WANTALEASE.COM: CADILLAC ESCALADE INCREASES IN PRICE BY 39.19% IN SEPTEMBER

Amid Ongoing General Motors Strike, the Cadillac Escalade Payment Increases by Nearly 40%

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 September.  While the majority of automotive brand prices remained steady into September, some GM models saw price increases. 

The Cadillac Escalade increased in price by $326.94 this month, bringing its monthly payment to $799 per…

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Added by John Sternal on September 25, 2019 at 6:10am — No Comments

Lease Credit Approvals Dip Slightly To 68.9% in August

Lease Approval Ratings Drop Slightly in August Following Increase in July

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 68.9% approval rate in August, a slight dip from the July rate of 69.1%.

 

August experienced a higher number of applicants with qualifications for taking over another person’s lease, as well as the highest number of applicants year-to-date. The month had a slightly lower approval…

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Added by John Sternal on September 18, 2019 at 12:48pm — No Comments

Auto Loan & Lease Origination Data Through April 2019

Here is the most recent auto loan and lease origination data and trends from Equifax. 

 

Key Highlights: The percent of subprime to the total originations is at the lowest point since 2011 (currently at 20.7%).

 

Auto Loan Originations Observations reported through April 2019

  • 7.96 million auto loans, totaling $183.9 billion were originated year-to-date. This is a 0.3% decrease in accounts and a 2.3% increase in…
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Added by John Sternal on September 11, 2019 at 11:26am — No Comments

PROTECTIVE ASSET PROTECTION INTRODUCES ITS DEALER TRAINING INSTITUTE

Online Training Program Helps F&I Personnel Better Understand Product Offerings

To Elevate Profit and Customer Satisfaction Levels

Protective Asset Protection, a provider of F&I programs, services and dealer owned warranty company programs, recognizes the significant importance of ongoing dealer and F&I personnel training with its Training Institute. The online curriculum program offers training…

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Added by John Sternal on September 5, 2019 at 6:19am — No Comments

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