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Dealers should aim to build a positive work environment, helping employees execute an efficient experience, from their online research to the final delivery of the vehicle.
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IRVINE, Calif. — Thanks to market demand quickly backing away from cars, average transaction prices in July rose 2.9% from a year ago, or $985, to $35,359, Kelley Blue Book reported this week. Cars are expected to make up only 31% of July sales, down from 36% in the year-ago period. This decline is pushing ... Read More »
Read More →PALO ALTO, Calif. — Retail automotive software development leader Bridget Townsend has joined Rapid Recon as vice president of development, the company announced. “Bridget is a well-established innovator with a remarkable record of leveraging software to bring operational and profitability solutions to auto retailers. Before choosing to join Rapid Recon, she was actively pursued by some of ... Read More »
Read More →ORLANDO, Fla. — Organizers of the annual P&A Leadership Summit announced that registration for the 2018 event, scheduled for Oct. 8–10 at the Caribe Royale Orlando in Orlando, Fla., is now open at the event’s website. First held in 2013 as the successor to the former VSCAC conference, P&A Leadership Summit remains the industry’s only event designed ... Read More »
Read More →ORLANDO, Fla. — Organizers of the annual P&A Leadership Summit released the advisory board roster for the 2018 event, which will be held Oct. 8–10 at the Caribe Royale Orlando in Orlando, Fla. Led by longtime advisory board chair David Trinder, CEO of F&I Administration Solutions, this year’s advisory board includes: Cindy Allen, CEO of StoneEagle Lee Bowron, ... Read More »
Read More →PORTLAND, Ore. — Automated HR and compliance program solutions provider Compli announced the introduction of CMS University, a four-course series of free masterclass-level online seminars focused on how to build a best-practice compliance management system. While the series is ideal for finance and auto finance companies, the content is applicable to additional regulated businesses, including ... Read More »
Read More →PONTE VEDRA BEACH, Fla. — National Auto Care Corp. announced it will be acquired by Lovell Minnick Partners, a private equity firm with offices in Philadelphia, Los Angeles, and New York. The acquisition is subject to receipt of standard regulatory approvals and satisfaction of customary closing conditions. NAC, established in 1984 and acquired by Trivest ... Read More »
Read More →CLEVELAND — National Automotive Experts announced that RV and Motorcycle Program Manager Tom Johnson has become a John Maxwell Team Certified Trainer. John Maxwell Team is an elite group of over 5,000 certified coaches, teachers, speakers, trainers, and professionals. This group helps people worldwide create a leadership legacy within their own spheres of influence. JMT ... Read More »
Read More →DALLAS — F&I product provider EFG Companies today announced the launch of a new dynamic digital portal designed to boost F&I producer knowledge, reinforce training learnings, and reduce the cost of a poor hiring decision for a dealership. The EFG Learning Opps Through Virtual Engagement, or LOVE, was developed in response to complaints from dealers and ... Read More »
Read More →LAKE FOREST, Calif. – Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, has announced that Peter W. Jacobson, formerly of Toyota Financial Services in San Francisco, has joined the company as a Reinsurance Specialist. The position requires working closely with dealer principals on business strategy and a thorough knowledge of all ... Read More »
Read More →LAKE FOREST, Calif. — Portfolio has announced that Peter W. Jacobson, formerly of Toyota Financial Services in San Francisco, has joined the company as a reinsurance specialist. The position requires working closely with dealer principals on business strategy and a thorough knowledge of all dealership operations. Jacobson most recently served as dealer sales and service ... Read More »
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