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

Compacts Car Segment Continues To Soften

Here is the most recent used car market report from Ricky Beggs and Black Book. A few months back we talked about the effects on the used auction activity, especially on the physical lanes, when we have a fifth week of the month of auctions. While attending a manufacturer related meeting this past week I had a remarketer say the reason for more no sales during this past week was due to the extra week of activity for the month. We did have several …See More
May 13
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John Sternal posted a blog post

Compact SUVs Illustrate Primary Strength In Automotive Market

Here is this week’s Used Car Market from Ricky Beggs and Black Book. As the calendar is about to put April in the history books, one might be wondering how much of the spring market remains. With the various comments from the Black Book survey personnel around the country indicating a more stable market in most cases, the only questionable retention and more hesitant interest was focused around the remarketing of the rental cars. Several reports mentioned …See More
May 1
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John Sternal posted a blog post

Lease Pull Ahead Programs On The Rise

Lease pull ahead programs allow drivers to wave their last remaining payments if they agree to immediately buy or lease a new vehicle of the same brand. Are they beneficial to the dealer, brand and customer?With more off-lease volume expected in 2013, manufacturers and leasing companies are leveraging lease pull-ahead programs as a way to massage customer loyalty and keep people in the same brand family. These pull-ahead programs are similar to lease transfer by allowing drivers to walk away…See More
Apr 26
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John Sternal posted a blog post

Truck Segment Continues To Increase Value Week After Week

Following is the latest Used Car Market Report from Black Book.  It seems that price is the value driver in the market information from this past week. There have been reporting periods where slightly more Average condition vehicles than Clean were adjusted and generally with more increasing adjustments on the Average condition units. This past week was the strongest example of this. More than 216 Average condition vehicles each day throughout the week were adjusted. Just as impressive, 60% of…See More
Apr 23
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John Sternal posted a blog post

Cargo and Passenger Minivans Show Positive Growth Week After Week

Here is the latest used car market report from Black Book. As the editors came back from auctions over the past week their observations and resulting comments indicated that many dealers were not bidding as aggressively, a sign that retail had been slower recently and they just didn’t need to replace previously sold units.There is still enough interest and demand that for the past six weeks at…See More
Apr 19
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John Sternal posted a blog post

Study Reveals Cost Of Ownership May Be More Expensive Than Leasing

AAA recently unveiled its 2013 annual study in the cost of ownership for the typical sedan, available at AAA’s “Your Driving Costs” study, which revealed a nearly 2% increase in the cost to own and operate a sedan in the U.S. This report must raise a few eyebrows simply because of the increase in costs. One major…See More
Apr 18
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John Sternal replied to Irwin Toyota Ford's discussion Websites
"Hi, I try not to be promotional in these forums but in this case I'm happy to help and offer our services. We're a full-service integrated agency with experience building websites for companies the automotive industry. I'm happy to…"
Apr 17
John Sternal posted blog posts
Apr 11
John Sternal posted blog posts
Apr 4
John Sternal posted a blog post

RV Values Staying Steady With A Positive Increase

It may be early April as we release this market update, but for sure the market overview is all solid facts and no tom foolery for dealers interested in motorcycle and powersports, the collectible and exotic cars, the recreational vehicles and the mother of all work markets, the medium and heavy duty trucks and commercial trailers. Motorcycles and Powersports:The powersports market is slowly but steadily…See More
Apr 2
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John Sternal posted a blog post

Luxury Car Market Decline As Average Condition Car Market Rises

 Here is the latest used car market report from Black Book and managing editor Ricky Beggs. As the data and market reports came steadily flowing into the Editorial team where the analysis progressed, it was prevalent as to the need for used vehicles for retail level offerings. When demand is present, prices will generally increase or at least stay stable. Although the number of vehicles adjusted during the past week was right at 600…See More
Mar 27
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John Sternal posted a blog post

Economy Bounces Back With Auto Lease Credit Approval Increase

AUTO LEASE CREDIT APPROVALS INCREASE IN JANUARY National car lease marketplace Swapalease.com reports its latest lease customer credit approval information, with positive trends continuing into 2013. According to U.S. Bank data, January credit approvals on Swapalease.com were 23.1% higher compared with the average approvals rate during the last five months of 2012.  Customer credit…See More
Mar 14
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John Sternal posted blog posts
Feb 14
John Sternal posted blog posts
Jan 24
John Sternal posted a blog post

Used Car Prices Should Rise According to Historical Data

Here is the latest used car market report from Ricky Beggs, Managing Editor at Black Book. Now that most everyone has gotten back into a more businesslike routine after the holidays, the market in most of the survey personnel and auction reports was represented as…See More
Jan 16
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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

Diesel Prices Decline As Used Car Values Change

Posted on May 16, 2013 at 2:41pm 0 Comments

Here is the latest used car market report from Black Book. As the feedback arrived from the Black Book survey personnel who attend the auctions across the country every week, what a variety of opinions were presented. From slow, to many no-sales, to a couple indicating a flat market with the other side of the spectrum described as buyer interest being up, pickups with strong activity and older units selling…

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2013 Shows More Credit Approvals For Lease Customers

Posted on May 14, 2013 at 2:30pm 0 Comments

The latest car lease credit approvals data show 2013 has started out with the strongest credit health since the recession. According to credit approvals data from Swapalease.com, the nation’s largest automotive lease marketplace, 77.3% of customers were approved during April, up from 70% during the previous month.



Credit remains the lifeblood of car leasing, and lenders…

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Compacts Car Segment Continues To Soften

Posted on May 13, 2013 at 4:19pm 0 Comments

Here is the most recent used car market report from Ricky Beggs and Black Book. A few months back we talked about the effects on the used auction activity, especially on the physical lanes, when we have a fifth week of the month of auctions. While attending a manufacturer related meeting this past week I had a remarketer say the reason for more no sales during this past week was due to the extra week of activity for the month. We did have…

Continue

Compact SUVs Illustrate Primary Strength In Automotive Market

Posted on May 1, 2013 at 5:30pm 0 Comments

Here is this week’s Used Car Market from Ricky Beggs and Black Book. As the calendar is about to put April in the history books, one might be wondering how much of the spring market remains. With the various comments from the Black Book survey personnel around the country indicating a more stable market in most cases, the only questionable retention and more hesitant interest was focused around the remarketing of the rental cars. Several…

Continue

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