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For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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F&I products provider and administrator Dealer Owned Warranty Company announced a new partnership with Allstate Dealer Services.
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Lease approvals on Swapalease.com’s secondary marketplace ticked up to 72% in April, the highest rate since August 2018.
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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.
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Acquisitions have helped fuel the rapid expansion of Rob Cochran’s 24-rooftop auto group. But he believes the secret to his success is the people of Western Pennsylvania, including those he employs and the customers they serve.
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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.
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Carvana’s first-quarter results include triple-digit gains in net revenue and consumer-sourced inventory, but losses continue to mount, growing 57% to $82.6 million year-over-year.
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Despite a proliferation of new models, a survey of U.S. consumers finds only 40% believe most vehicles will be electric 10 years from now, a result AAA analysts say reveals a ‘lack of knowledge’ in how EVs perform in day-to-day driving conditions.
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Black Book’s Used Vehicle Retention Index registered at 113.6 in April, 1.4% higher than it was a year ago but 0.2% lower than in March.
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A bankruptcy court ruling allowing two captives to reclaim inventory has officially closed the doors on Tate’s Auto Group after more than 40 years in business.
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Brady Ware Dealership Advisors has created a cross-departmental consulting group, offering dealers ‘strategic improvements’ to directly increase profits and brand value.
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