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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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Manheim’s new suite of decisioning products promises to deliver new value to wholesale clients by leveraging data and insights from Manheim and parent company Cox Automotive.
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Any trade-in that closes a new-vehicle deal should at least be considered, but a little education and common sense can prevent a lot of heartbreak.
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U.S. dealers started the month with a 78-day supply of unsold vehicles, the highest number for March since 2009 and the largest total volume since July 2017, according to Automotive News.
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The average fuel efficiency of light-duty cars, trucks, and SUVs reached a record-high 24.9 miles per gallon for the 2017 model-year, according to EPA analysts, who warned the industry may have trouble meeting future standards.
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Former AFG/CareGard executive Guy Koenig has been named president of GSFSGroup.
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Ryan Nelson has been promoted from national sales manager to vice president of business development for National Automotive Experts and NWAN Inc.
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Analysts say a late start to the spring selling season could be to blame for a third consecutive monthly decline in Black Book’s Used Vehicle Retention Index.
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Sources say administration officials demanded automakers get onboard with President Trump’s plan to relax federal fuel-economy regulations and abandon any support for California’s stricter standards.
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Dealer mergers and acquisitions provider Dave Cantin Group has expanded its leadership team with the appointments of four regional managers.
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SaleSleeve’s weatherproof document displays will appear in Wheels Automotive Dealer Supplies’ April 2019 catalog.
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