Barrett Rejoins Resource Automotive in Reinsurance Role
CHICAGO – Resource Automotive, Inc., a unit of The Warranty Group, Inc., announced Steve Barrett has joined the company as executive vice president, with responsibility for automotive reinsurance.
Previously an executive with the company, Barrett joined Resource in 1980 as a finance and insurance specialist, moving through several positions before becoming senior vice president reinsurance. He quickly became known as a thought leader in the industry and has become recognized internationally as an expert in the creation and management of domestic and off-‐ shore reinsurance entities for automotive dealers.
“We’re thrilled to welcome Steve back to the company,” said Charlie Robinson, President and COO of Resource. “No one else in the business has the experience, track record and insight into every aspect of reinsurance that Steve possesses. He is a great asset to our company and our clients.”
Barrett is a graduate of the University of Notre Dame, a certified public accountant and licensed securities principal.
More Industry

Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →