John Sternal's Blog – June 2019 Archive (5)

Nissan Increases Prices om New Lease Deals in June According to Wantalease.com

NISSAN INCREASES PRICES ON NEW LEASE DEALS IN JUNE ACCORDING TO WANTALEASE.COM

Several Manufacturer Prices Fluctuate on Small, Mid-Size and Luxury SUVs

Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings, showing price increases on a number of today’s popular Nissan leases. While most vehicles maintained their prices from May, a number of manufacturers had price…

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Added by John Sternal on June 26, 2019 at 3:43pm — No Comments

Despite consumer demand, auto dealers struggle to provide complete digital solutions

Continue to grapple with consumer time at dealership, unverifiable credit application data, and fraudulent transactions

A new automotive survey from Equifax finds that dealers understand digital retail solutions, but may struggle in providing such solutions to customers. The online survey polled 135 dealers around the U.S. to get a better understanding of current trends in retail transactions, credit applications, vehicle financing,…

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Added by John Sternal on June 25, 2019 at 11:30am — No Comments

Trust Science and Inovatec Systems Team Up to Release World's First End-to-End Loan Management Platform Powered by Alternative Credit Scores

Trust Science and Inovatec Systems Team Up to Release World's First End-to-End Loan Management Platform Powered by Alternative Credit Scores

Lenders now have the ability to reliably find, score, lend to and manage the loans of 64 million unbanked and under-banked consumers in the United States alone…

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Added by John Sternal on June 19, 2019 at 11:09am — No Comments

Lease Credit Approval Rates Rise To 72.4% In May

Lease Approval Ratings in May reach Their Highest Number Yet for 2019

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72.4% approval rate in May, a slight rise from the April rate of 72%. 

 

May experienced a higher number of applicants with qualifications that led to more approvals for taking over another person’s lease contract during the month. May saw an increase in approval ratings from the…

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Added by John Sternal on June 19, 2019 at 9:08am — No Comments

NEW ANALYSIS SHOWS CLAIMS FIVE YEAR TRENDS FOR GAP COVERAGE AND SERVICE CONTRACTS

Data Shows Various Impacts and Complexity of Vehicle Repairs on Claims

Protective Asset Protection, a provider of F&I programs, services and dealer owned warranty company programs, announced today, a new set of data analysis showing how much average claims have increased annually for GAP payouts and Vehicle Service Contract (VSC) claims dating back to 2014.

The average GAP claim payout has risen 19.5% between…

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Added by John Sternal on June 6, 2019 at 9:09am — No Comments

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