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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%.
May 21, 2019
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.
May 16, 2019
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.
May 15, 2019
F&I products provider and administrator Dealer Owned Warranty Company announced a new partnership with Allstate Dealer Services.
May 14, 2019
Organizers of November’s Industry Summit will offer free show passes to the first 100 dealers and dealership GMs who sign up online when registration opens this summer.
May 13, 2019
A survey of Automotive News’ top 150 U.S. auto retailers finds per-copy averages grew 4.6% to $1,482 in 2018, fueling a 7.5% increase in total F&I revenue.
May 13, 2019
Alpha Warranty Services earned a Workplace Wellness Award from the Utah Worksite Wellness Council.
May 11, 2019
Dealers and dealership personnel are invited to recognize their favorite industry partners by completing the online Dealers’ Choice Awards survey by May 31.
May 7, 2019
The American Bar Foundation has named Hudson Cook co-founder Tom Hudson as a fellow, adding the carlaw practitioner to an elite group of attorneys, judges, law faculty, and legal scholars.
May 2, 2019
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.
May 2, 2019
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.
May 2, 2019
The annual forecast for U.S. light-vehicle sales fell to 16.41 million as volume fell 2.3% year-over-year in an April that was expected to bring the year’s first gain following an underwhelming first quarter.
May 2, 2019
Edmunds analysts say it keeps getting harder for shoppers to afford a new car as prices continue to rise and interest rates remain elevated.
May 2, 2019
Former Assurant and The Warranty Group executive Justin Thomas has joined PayLink Direct as the financial services provider’s new president and COO.
May 1, 2019
An analysis of more than 35,000 loans for pre-owned vehicles on the LendingTree platform finds Tesla, Porsche, and Lexus buyers had the highest average credit scores.
May 1, 2019