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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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Chicago’s Ed Napleton Automotive Group has acquired the Minneapolis-based Village Automotive Group, which includes the only Lexus dealerships in Minnesota.
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ADESA has promoted 30-year automotive marketing veteran Kurt Madvig to vice president of product development.
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Former U.S. Congressman Dick Gephardt has made official his association with Fisker Inc. ahead of ‘significant industry announcements’ from the electric-vehicle manufacturer.
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Zurich North America has acquired Sea Pine Technologies in a move billed as a path to increased F&I sales for Zurich’s auto dealer customers.
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Electra Meccanica Vehicles Corp. has opened a SOLO electric-vehicle plant in Chongqing, China, and expects to deliver its first 5,000 vehicles by year’s end.
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Concerns over subprime lending and 90-day delinquencies offset an otherwise prosperous year for the auto finance industry.
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A record year for dealer participation programs pushed CNA National past the $500 million mark in distributions since the company’s inception.
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The nation’s No. 1 auto retailer has named Carl Liebert as its new president and CEO, succeeding Mike Jackson, who will serve as executive chairman of AutoNation’s board.
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Lending Tree’s most recent auto finance snapshot finds originations, amounts financed, and monthly payments all accelerated in 2018.
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Chinese automaker Zotye announced has appointed Jan Thompson and Susan Bland Norton to VP positions on its Southern California marketing team.
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