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Newsby AE eMagazineJuly 7, 2017

Alpha Warranty Introduces Summit Protection Ancillary Product Line

SALT LAKE CITY – Alpha Warranty Services released a new ancillary offering, Summit Protection. Summit Protection includes the ElevateCare 5-in-1 bundle, and standalone Tire and Wheel Protection and Key/Remote Replacement. Unlike many industry offerings, Alpha Warranty Services has not private labeled Summit Protection, but created this product internally based on agent and dealer demand. ElevateCare is ... Read More »

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Newsby AE eMagazineJuly 6, 2017

VW Credit Invests in AutoGravity

HERNDON, Va. — VW Credit Inc. (VCI) today announced it is making an equity investment in automotive fintech firm AutoGravity, pending customary regulatory approvals. According to company officials, the strategic investment supports the captive’s goal to digitize the customer financing process. The announcement means finance options from Volkswagen Credit are now available to the more than ... Read More »

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Newsby AE eMagazineJuly 6, 2017

Edmunds: Term Lengths Stretch to All-Time High in June

SANTA MONICA, Calif.  ─ Car buyers are pulling all levers to keep their monthly payments manageable as vehicle prices continue to rise. In June, one of those levers, average new-vehicle finance terms, stretched to an all-time high of 69.3 months, according to Edmunds. The average, which is up 6.8% from five years ago, was recorded ... Read More »

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Articlesby AE eMagazineJune 30, 2017

Classic Products

Address: 106 State Street East Oldsmar, Florida 34677 T: 813.855.8300 www.ClassicTrak.com Whether your agency is you alone or a dozen agents, we are dedicated to helping you grow and prosper by providing the tools, products, training, and support you need. Our business model — and our ability to turn on a dime to respond to special requests from you on behalf of your dealers — gives us a strategic advantage in a marketplace dominated by Goliaths. If you’re tired of your special requests falling on deaf ears, call Classic at 800.930.4633. You’ll appreciate the difference and our “Yes we can” attitude.

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Newsby AE eMagazineJune 30, 2017

Portfolio Acquires Finance Concepts, LLC

LAKE FOREST, Cali. – Portfolio Group announced today that it has acquired a majority interest in Finance Concepts, LLC, one of its largest producing agencies headquartered in Folsom, California. Portfolio is owned by the company’s management and Capital Z Partners, a New York-based private equity firm. Terms of the transaction were not disclosed. “We are very ... Read More »

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Newsby AE eMagazineJune 30, 2017

NMAC President Named Infiniti Executive

NASHVILLE, Tenn. ─ Mark Kaczynski is leaving his post as president of Nissan Motor Acceptance Corp. to become vice president of administration and finance for Nissan Motor Co.’s luxury brand Infiniti, the automaker announced on Thursday. Replacing Kaczynski as president of Nissan’s captive finance company is Kevin Cullum, who was promoted from his general manager ... Read More »

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Newsby AE eMagazineJune 28, 2017

UDS Celebrates 35 Years

CLEARWATER, Fla. – United Development Systems, Inc. (UDS) celebrates 35 years of excellence in the F&I Performance arena. UDS is a full service F&I Performance Company based in Clearwater, Florida. Founded by its President and CEO, Randy Crisorio, in 1982, UDS has been providing its F&I performance package to franchised dealers consisting of: 1) Top-Tier ... Read More »

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Newsby AE eMagazineJune 26, 2017

SouthwestRe Wins 2017 Dealers’ Choice Gold Award for Service Contract Reinsurance

ALBUQUERQUE, NM – SouthwestRe is very pleased to announce that the Company has been awarded the prestigious Dealers’ Choice Gold Award for Service Contract Reinsurance. The Dealers’ Choice awards are determined by a survey sent to readers of Auto Dealer Today, and F&I and Showroom magazine. Voting was open solely to dealers and dealership personnel. ... Read More »

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