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Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
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SEARCHMENUSEARCHThough consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
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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 »
Read More →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 »
Read More →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 »
Read More →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 »
Read More →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 »
Read More →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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