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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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Subprime originations fell 4.5% from a year ago to 1.841 million in the first quarter, a period in which total outstanding balances topped a quarter trillion, the firm reported.
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Security experts at Zingbox demonstrated a cybersecurity weakness intrinsic to vehicles with tablet-style driver console displays.
Read More →F&I Express today announced the integration of MOXY Solutions to its platform and the addition of Red Shield to the technology company's network of more than 160 providers.
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Mike Groff was employee No. 7 when he joined a fledgling Toyota Motor Credit Corp in 1983. The captive’s president and CEO will retire on Aug. 31. Replacing him is Mark Templin, who has served as chairman of Toyota Motor Credit Corp.’s board of directors since May 2016.
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Black Book’s Used Vehicle Retention Index continued to rise last month, registering a 0.5% uptick from June and an 0.7% increase from July 2017.
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Self-selection tools can reduce your average turn, accelerate deliveries, and improve F&I production.
Read More →The acquisitions bring the dealer group’s rooftop count to 32. In the Tampa, Fla., area alone, Morgan Auto Group now represents 10 brands across 10 stores.
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Shayne Dyer has joined Auto/Mate Dealership Systems as regional manager for the state of Florida.
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Online F&I will be a key focus at Industry Summit 2018, which will allow dealers to learn about the challenges and opportunities ahead for the F&I product side of the business while their F&I teams get compliance certified and trained by the best in the business.
Read More →Line\5 announced the addition of a no-fee first payment default guarantee option and new funding options.
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