John Sternal
  • Fort Myers, FL
  • United States
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John Sternal posted blog posts
Jun 20
John Sternal posted a blog post

BLACK BOOK POWERS VEHICLE VALUATIONS FOR REVOLUTIONARY MYDEALERONLINE VIRTUAL INVENTORY DEALER PLATFORM

Black Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today it will power the online vehicle valuation resource for MyDealerOnline, the first and only software that uploads wholesale auction, and other wholesale-sourced vehicles onto dealer websites, effectively enabling public buyers to purchase them through dealers.MyDealerOnline software enables dealerships to add wholesale auction vehicles to…See More
Jun 12
John Sternal posted a blog post

VEHICLE DEPRECIATION BEGINS TO PICK UP ENTERING JUNE

– According to Black Book® data, the average price of a used vehicle for model years 2011-2015 decreased in value -1.2% in May, a reversal from April when values actually increased 0.4%. Cars overall dropped -1.8%, and trucks decreased -0.9% in value during May. All vehicles are averaging a 12-month depreciation of -17.5%.During May, Full-Size Pickups performed the strongest, with values increasing +0.2%. Vehicles in the Full-Size Pickup segment include the Chevrolet Silverado 1500, Ram 1500,…See More
Jun 8
John Sternal posted a blog post

BLACK BOOK USED VEHICLE RETENTION INDEX FALLS AFTER GAINS IN APRIL

Black Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation and residual value forecast solutions, unveiled its Used Vehicle Retention Index for May, showing the Index falling 0.7% to 112.3 down from 113.1 in April. On a twelve-month basis, the index has dropped 5.6% from last May. Click here to obtain a copy of the latest index data.The Black Book Used Vehicle Retention Index is calculated using…See More
Jun 5
John Sternal posted a blog post

HEARST AUTOS EXPANDS TO INCLUDE ALL AUTOMOTIVE ADVERTISING SALES AND MARKETING INITIATIVES FOR HEARST MAGAZINES

Hearst Magazines announced today that its Hearst Autos division will house the automotive sales and marketing functions for the Hearst Magazines print and digital portfolio of brands. Felix DiFilippo, publisher/chief revenue officer of Car and Driver and Road & Track, adds the title of senior vice president, integrated sales, automotive for Hearst Autos; Jill Meenaghan, previously associate publisher and group marketing director of the Hearst Men’s Group, has been named chief marketing…See More
Jun 2
John Sternal posted blog posts
May 18
John Sternal posted blog posts
May 17
John Sternal posted blog posts
Apr 26
John Sternal posted a blog post

BLACK BOOK USED VEHICLE RETENTION INDEX FALLS TO 113.0 ENTERING APRIL

Black Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation and residual value forecast solutions, announced its latest Used Vehicle Retention Index figures, with the index listed at 113.0 at the end of March, a 0.8% decrease from the previous month’s mark of 113.9. Click here to obtain a copy of the latest index data. The Black Book Used Vehicle Retention Index is calculated using Black Book’s…See More
Apr 19
John Sternal posted a blog post

LEASE CREDIT APPROVALS CONTINUE TO STRENGHTEN IN MARCH

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 75.0% approval rate for March, up by 3.8% change from February, which had a 72.2% approval rate. A year ago, the approvals rate was 66.7% during the same month. 2017 is already showing higher lease credit approval rates than 2016. Data from the past three years show that the beginning of the year tends to have a slightly lower approval…See More
Apr 12
John Sternal posted a blog post

BLACK BOOK DEPRECIATION REPORT SHOWS CONTINUED IMPROVEMENT IN VEHICLE RETENTION VALUES

According to Black Book® data, the average price of a used vehicle for model years 2011-2015 depreciated by -0.6% in March. Cars overall saw depreciation of –0.3% versus trucks, which saw –0.8% depreciation. All vehicles are averaging a 12-month depreciation change of –17.9%.In March, four vehicles including Compact Cars, Sporty Cars, Compact Vans and Full Size Vans, increased in value. Out of those vehicles, Compact Vans preformed the best, increasing by +2.1% in value. Vehicles in this…See More
Apr 6
John Sternal posted blog posts
Apr 4
John Sternal posted a blog post

Jumpstart Automotive Media Unveils Its 2016 – 2017 Insights Book; A Collection Of Consumer Insights Illustrating Today’s Auto Shopping Paths

Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today released its seventh annual Insights Book. This yearlong analysis looks at shopping patterns across Jumpstart’s portfolio of automotive websites that represent more than 25 million in-market shoppers. Click here to download the 2016 – 2017 Insights Book.Auto Shopping Paths Highlights:·       62% of…See More
Mar 28
John Sternal posted blog posts
Mar 21
John Sternal posted a blog post

Cars Performed Better than Light Trucks Last Week

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 report.This week’s Black Book Market Insights report shows car segments retaining their values better than truck segments as a whole. However, the vehicle that held its value best out of all segments was the Compact Van, relatively unchanged at -0.01% on the week.“Luxury brand cars have shown…See More
Mar 14
John Sternal posted blog posts
Mar 13

Profile Information

Company
Merit Mile
Position
Director
Dealership, Allied Industry or Finance Company?
Allied Industry
If Dealership, Franchise or Independent
Not Applicable
Your web site
http://meritmile.com

John Sternal's Blog

Sub-Compact Car Values under Pressure

Posted on June 20, 2017 at 1:12pm 0 Comments

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…

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Jumpstart Automotive Media May 2017 Share Of Shopper Interest Report All Luxury SUVs/CUVs See Growth, Loyalty to Midsize Sedans Increases for Fifth Consecutive Month

Posted on June 20, 2017 at 1:11pm 0 Comments

Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today released its share of shopper interest data for the month of May. The report reveals that shopper interest across all luxury SUV/CUV segments is up 2% from April. The report also shows that loyalty to midsize sedans is strong (49% of midsize sedan shoppers are exclusively looking at vehicles in this category) and interest in midsize sedans across Jumpstart’s portfolio of sites is up for the…

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CONSUMER INTEREST IN LUXURY SUVS DRIVES INCREASE IN CREDIT DECLINES IN THE SWAPALEASE.COM MARKETPLACE

Posted on June 20, 2017 at 9:42am 0 Comments

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered just a 48.1% approval rate during May, the lowest approval rate tracked by the company dating back to 2014 when the monthly approval ratings began.

 

Company officials pointed to a higher-than-normal influx of applicants looking to take over higher-end luxury leases, especially high-priced SUVs that come with payments in…

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BLACK BOOK POWERS VEHICLE VALUATIONS FOR REVOLUTIONARY MYDEALERONLINE VIRTUAL INVENTORY DEALER PLATFORM

Posted on June 12, 2017 at 1:27pm 0 Comments

Black Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation and residual value forecast solutions, announced today it will power the online vehicle valuation resource for MyDealerOnline, the first and only software that uploads wholesale auction, and other wholesale-sourced vehicles onto dealer websites, effectively enabling public buyers to purchase them through dealers.

MyDealerOnline software enables dealerships to add…

Continue

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