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Subprime Up 13% as Total Auto Originations Decline

Subprime Up 13% as Total Auto Originations Decline

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

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.

May 16, 2019

Brown & Brown Acquires UDS

Brown & Brown Acquires UDS

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

DOWC Partners With Allstate DS

DOWC Partners With Allstate DS

F&I products provider and administrator Dealer Owned Warranty Company announced a new partnership with Allstate Dealer Services.

May 14, 2019

100 Dealers and GMs to Attend Industry Summit for Free
Survey: Top Dealers Grew F&I Revenue and PVR in 2018
Alpha Wins Employee Wellness Award
Voting Now Open for 2019 Dealers’ Choice Awards
Hudson Earns American Bar Foundation Fellowship

Hudson Earns American Bar Foundation Fellowship

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

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.

May 2, 2019

Save the Date: Industry Summit Heads to New Orleans

Save the Date: Industry Summit Heads to New Orleans

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

Sales Down 2.3% in April, SAAR Falls Below 17 Million

Sales Down 2.3% in April, SAAR Falls Below 17 Million

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: New-Vehicle Prices Hit New High in April
PayLink Names Thomas President and COO

PayLink Names Thomas President and COO

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

Study: Tesla Drivers Have Highest Credit Scores