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

SWAPALEASE.COM REPORTS DECLINE IN LEASE CREDIT APPROVALS FOR THE MONTH OF JULY

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered just a 54.3% approval rate for July.July’s credit approval rate is showing a decrease from the previous month (68.8%). A year ago the approvals rate was just slightly higher, reaching 57.7%. Overall, this year’s credit approval numbers have been somewhat lower than in years past. This dip in lease credit approvals continues to be attributed…See More
yesterday
John Sternal posted a blog post

Used Vehicle Depreciation Ticks Up

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…See More
Tuesday
John Sternal posted a blog post

Car Segment Depreciation Level Increases

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…See More
Aug 8
John Sternal posted blog posts
Aug 4
John Sternal posted a blog post

SWAPALEASE.COM LEASE CREDIT APPROVALS REBOUND FROM PREVIOUS MONTH WITH MORE HEALTHY LEVELS

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 68.8% approval rate during June, a significant rebound from May when only 48.1% were approved. The company saw less of an influx of shoppers applying for higher-end luxury leases, which often drives up non-approval rates. So far year-to-date, 62.4% of transfer applicants have been approved, compared to 67.4% the same time last year. A…See More
Jul 27
John Sternal posted blog posts
Jul 18
John Sternal posted a blog post

VEHICLE DEPRECIATION SHOWS POCKETS OF STRENGTH AT MID-WAY POINT OF 2017 ACCORDING TO BLACK BOOK DATA

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 decreased in value -1.3%, slightly more than the -1.2% change in May. Cars overall dropped -1.8% (unchanged from last month), and trucks decreased -0.8% in value during June. All vehicles are averaging a 12-month depreciation of -16.7%.In June, Small Pickups had the lowest monthly depreciation at -0.1%. Vehicles in the Small Pickup segment include the Toyota Tacoma, Chevrolet Colorado, GMC Canyon,…See More
Jul 17
John Sternal posted a blog post

BLACK BOOK USED VEHICLE RETENTION INDEX SEES MORE GAINS IN JUNE

Black Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for June, showing the Index, rising modestly to 113.0, up from 112.3 in May. On a twelve-month basis, the index has dropped 4.5% from last June. Click here to obtain a copy of the latest index data.The Black Book Used Vehicle Retention Index is calculated…See More
Jul 11
John Sternal posted a blog post

Car Segment Depreciation Slowed 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…See More
Jun 28
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

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

SWAPALEASE.COM REPORTS DECLINE IN LEASE CREDIT APPROVALS FOR THE MONTH OF JULY

Posted on August 17, 2017 at 11:24am 0 Comments

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered just a 54.3% approval rate for July.

July’s credit approval rate is showing a decrease from the previous month (68.8%). A year ago the approvals rate was just slightly higher, reaching 57.7%. Overall, this year’s credit…

Continue

Used Vehicle Depreciation Ticks Up

Posted on August 15, 2017 at 11:17am 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…

Continue

Car Segment Depreciation Level Increases

Posted on August 8, 2017 at 11:21am 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…

Continue

Used Vehicle Depreciation Increases

Posted on August 4, 2017 at 11:20am 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. …

Continue

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