Preferred Warranties Names New President
ORWIGSBURG, Pa. — Preferred Warranties, Inc. (PWI), a business unit of KAR Auction Services, has named Brian Cosgrove as president.
Cosgrove joined PWI as vice president of marketing and sales in January 2014 and brings to his new role nearly 30 years of experience in leadership, management, business development, sales and marketing.
"I am honored to be part of PWI and to have the opportunity to lead us as we expand our footprint and continue to leverage our strengths throughout the U.S. to serve the independent dealer," said Cosgrove.
Prior to joining PWI, Cosgrove was general manager and vice president of sales for Corporate Environments, a One Point Company. Prior to that, he had been with Automatic Data Processing (ADP) in management roles, including regional manager in the auto dealer services division and vice president of sales, major markets in its insurance services division.
"Brian has a multitude of experience in building sales teams from the ground up and has already made a number of positive impacts in his most recent role as PWI's VP of sales and marketing,” said Jim Money, CFO of Automotive Finance Corporation. “He has the right leadership qualities and business acumen to help drive future growth at PWI."
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →