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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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The National Highway Traffic Safety administration announced it will open twin probes into thousands of complaints of noncrash fires in Hyundai and Kia vehicles sold in the U.S.
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The U.S. new-vehicle sales forecast improved to 17.42 million units in March, but sales fell 3.1% year-over-year against slowing demand fueled by higher interest rates, prices, and payments and reduced incentive spending.
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Dealer lighting provider LSI Industries has hired business development expert and startup veteran Steven Moeglin to lead its commercial sales team.
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An ‘insights-driven’ upgrade to vAuto’s Conquest platform was designed to drive new efficiencies in the dealer-to-dealer new-unit trading process.
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Porsche’s new Cayenne variant is a four-door coupe that adds horsepower to a growing midsize luxury CUV segment, reaching a top speed of 178 miles per hour with a zero-to-60 time of 3.7 seconds.
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NextGear Capital announced that founder and floorplan financing innovator John Fuller has died at the age of 75.
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The National Automobile Dealers Association wants U.S. dealers to participate in its 2019 Dealership Workforce Study, offering complimentary custom reports to respondents based on the survey’s findings.
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Accelerate turn and maximize gross profit by stocking smarter, identifying your fastest-moving units, and testing new digital tools designed to drive efficiency throughout your used-car operation.
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Bloomberg reports executives and lobbyists representing dealers, manufacturers, and various suppliers are converging on Washington to voice their opposition to new levies on imported vehicles and parts.
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Wells Fargo President and CEO Tim Sloan will retire effective June 30, ending an era marked by a series of scandals that rocked the company’s auto, home, and consumer banking divisions.
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