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Subprime Up 13% as Total Auto Originations Decline

The Fed’s latest Household Debt and Credit Report finds subprime auto loan and lease...

The Federal Reserve Bank of New York’s Q1 U.S. household debt report finds auto loan and lease originations declined slightly year-over-year — except for sub-620 customers — while 90-day delinquencies grew by 9.2%.

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Dorfman Steps Down as APCO Chief

Dorfman Steps Down as APCO Chief

Larry Dorfman will step aside as chief executive of APCO Holdings, the company he founded 35 years ago and grew to include the EasyCare, GWC Warranty, and Covideo brands, yielding the company’s chairman and CEO position to former J.D. Power head Finbarr O’Neill.

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Brown & Brown Acquires UDS

Daytona Beach, Fla.-based Brown & Brown Inc. has acquired Clearwater, Fla.-based United...

Brown & Brown Inc. has acquired the assets of United Development Systems Inc., the F&I performance and compliance management provider founded by Randy Crisorio in 1982.

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NAE Appoints Grigorian as CFO

NAE Appoints Grigorian as CFO

National Automotive Experts and NWAN named former Ford and CarSaver executive Grant Grigorian as the F&I product provider and administrator’s new chief financial officer.

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Save the Date: Industry Summit Heads to New Orleans

The first 100 dealers and GMs who register for Industry Summit 2019 will attend for free. The...

This year’s Industry Summit will be held Nov. 4–6 at the New Orleans Marriott, offering the nation’s premier advanced F&I training curriculum, new and returning tracks and events, and free admission for the first 100 dealers and general managers who sign up when registration opens this summer.

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CDK Global Names Shah CPTO

CDK Global Names Shah CPTO

Twenty-year industry veteran Mahesh Shah has joined CDK Global as executive vice president and chief product and technology officer.

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USEA Expands Dealer Services Team

Orlando, Fla.-based US Equity Advantage announced the hiring of four regional dealer relations...

US Equity Advantage cites growth as the catalyst for an expansion of its dealer services team, including new managers in the Southeast, Midwest-Atlantic, West, and New England regions.