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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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In a move industry watchers may regard as a sign of the times, dealership mainstay Cree has agreed to sell its lighting division in order to fully devote the company to semiconductor manufacturing.
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Six-year company veteran Bret Milne has been named COO of PermaPlate/Siskin Enterprises after serving as the F&I product provider’s vice president of operations since 2016.
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A survey of QuoteWizard users finds younger drivers favor vehicles with an average 2018-MY MSRP of only $23,829, generating a Top 10 list dominated by affordable sedans.
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Northwood University has recognized Sandy Schwartz as its Outstanding Business Leader for 2019.
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Swapalease reports credit approval rates on its online marketplace dipped slightly in March, but traffic is up as consumers encounter high lease prices at dealerships.
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Trucks and sedans continue to dominate the list of America’s most floorplanned vehicles, but NextGear Capital analysts say SUVs and CUVs are gaining fast.
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FICO’s second annual survey of auto finance customers finds the United States and Canada atop the dealer-arranged financing rankings even as the number of auto loans originated online jumped from 5% to 13% year-over-year.
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The man who sold 13,001 vehicles from a Detroit-area Chevrolet dealership and enjoyed a second career as an internationally renowned speaker and author has died.
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The White House’s proposed 2020 budget would allow the federal electric-vehicle tax credit to expire and terminate an Energy Department program that helped fund investments in EV production by three manufacturers in seven states.
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The National Automobile Dealers Association has named Juliet Guerra director of media relations and announced promotions for media and legislative experts Jared Allen and Ben Tesfazghi.
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