John Sternal's Blog – January 2019 Archive (7)

Used Vehicle Values Stabilize

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…

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Added by John Sternal on January 29, 2019 at 12:00pm — No Comments

PROTECTIVE ASSET PROTECTION SURVEY SHOWS WHERE F&I PRODUCT SALES WERE A BRIGHT SPOT IN 2018 FOR DEALERS

 Stronger Emphasis on Used Vehicle Sales Powers F&I Products

 

 Protective Asset Protection, a provider of F&I programs, services, and dealer-owned warranty company programs, announced today results of a recent survey it commissioned to gauge how dealers leveraged F&I programs and opportunities in 2018.

Protective commissioned the survey toward the end of December, 2018, and nearly 160 dealers took the online survey. The…

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Added by John Sternal on January 29, 2019 at 11:06am — No Comments

Equifax & Jabian Consulting Study Consumer Buying Behaviors for Dealers / Lenders

 Equifax and Jabian Consulting listen to what auto dealers and lenders want for a successful customer journey

Dealers and lenders want more connected data and insights to power meaningful customer relationships both online and in the showroom

A new commissioned study conducted by Jabian Consulting on behalf of Equifax Inc. (NYSE:  EFX), a global information solutions company, confirms that dealers and lenders alike believe more…

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Added by John Sternal on January 24, 2019 at 1:30pm — No Comments

The Work Number, from Equifax, on display at AFSA and NADA 2019

Employment and income solutions help reduce costly manual verifications and mitigate losses

 

Identity, employment and income verifications are an integral part of the overall transaction process with dealers and lenders, as well as loss mitigation. Equifax Inc. (NYSE:  EFX), a global information solutions company, will display at the NADA Show & Expo in San Francisco its Equifax Verification Services leveraging The Work Number® database…

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Added by John Sternal on January 23, 2019 at 10:26am — No Comments

Lease Credit Approval Rates Rise to 71.4% to Close Out 2018

Lease Approval Ratings in December Reach Their Highest Number Since August

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 71.4% approval rate in December, a rise from the November rate of 68.9%.

December experienced a slightly lower number of applicants with qualifications for taking over another person’s lease contract during the month, yet one of the highest approval rates. December…

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Added by John Sternal on January 14, 2019 at 8:48am — No Comments

Majority of Auto Leases Increase or Maintain Prices Entering January

76% of Today’s Popular Leases Retain or Slightly Increase Their Monthly Payment Prices from December

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 or slightly increasing from last month.  Twenty-two different vehicles maintained their prices from the previous month, while twenty-four slightly increased, showing prices are…

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Added by John Sternal on January 10, 2019 at 11:11am — No Comments

CompliancePoint Announces Cyber Security Service Offerings for Automotive Industry

CompliancePoint, a leading provider of information security and risk management services for compliance and data security, has established a data privacy solutions focus for the automotive industry, with resources to protect manufacturers, automotive lenders, dealers and other users of automotive data.

In 2018, more than 100 automotive manufacturing companies including General Motors, Fiat Chrysler, Tesla, Ford, Toyota and Volkswagen experienced a…

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Added by John Sternal on January 7, 2019 at 12:00pm — No Comments

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