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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 winners of the North American Car, Utility, and Truck of the Year awards were announced at the Detroit auto show.
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KAR Auction Services has named John Sibbitt vice president of business for its Recovery Database Network division.
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Peter Kelly has been promoted to the newly created role of president at KAR Auction Services, the company he joined through the 2011 acquisition of OPENLANE.
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Nick Pennybacker has been promoted to regional vice president at Dent Wizard after serving as district manager in three Great Lakes markets.
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Vehicle Administrative Services will offer roadside and ancillary solutions to Alpha Warranty Services under the terms of a new strategic partnership.
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Bryan Myers and John Zwart have been promoted to vice president of sales and vice president of agent relations at CareGard Warranty Services.
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U.S. new-vehicle sales finished at 17.33 million units in 2018, a year that saw light trucks push their total market share to a record-high 69% while cars continued to fall out of favor among manufacturers and consumers.
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Black Book’s Used Vehicle Retention Index ticked downward for the second time in December, but seasonal declines weren’t enough to derail the key metric’s largest annual improvement since 2012.
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As Charlie Gilchrist prepares to assume the chairmanship of the National Automobile Dealers Association, the Texas dealer faces a long list of pressing issues and agenda items.
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The Federal Reserve announced its fourth hike in the federal funds rate this year and lowered its economic growth forecast for 2018 and 2019.
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