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Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
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SEARCHMENUSEARCHThe deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
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OAK PARK, Ill. – Universal Lenders LLC and the ZERO Plan®, a leading provider of 0% installment payment plans to the transportation industry, released their 2017 ZERO Plan® Fee & Guideline Schedule to its network of retailers and agents with an effective date of January 1st 2017. Facing near term market interest rate increases the ZERO Plan® ... Read More »
Read More →DALLAS, TX – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, announced today the launch of a 1,000,000 Mile Limited Powertrain Protection program for motorcycles. This program is designed to foster increased customer loyalty, referrals, and unit sales by addressing pressing motorcycle consumer needs. While the powersports industry is currently experiencing a period of ... Read More »
Read More →F&I Express is pleased to announce details of an initiative currently underway on behalf of major auto lenders in the US to improve the aftermarket product cancellation process. Using our F&I Express platform called Express Recoveries, lenders are able to obtain cancellation refund amounts and electronically file product cancellation requests as a result of repossession ... Read More »
Read More →LAKE FOREST, Calif. – Portfolio one of the nation’s leading reinsurance program managers for automotive dealers, has entered into an agreement with the Wyoming Automobile Dealers Association (WADA) to bring reinsurance profit participation and retrospective commission programs to the association and its dealers who sell Portfolio F&I products. Former WADA President, Chuck Ruwart, who provided leadership ... Read More »
Read More →ST. LOUIS — Paintless dent removal provider Dent Wizard International announced the hiring of Ryan Briggs to the newly created position of vice president of customer development. He will report Mike Black, the company’s senior vice president and COO. Briggs will primarily focus on the Top 150 dealer groups, expanding the company’s relationships with those groups, ... Read More »
Read More →ARLINGTON, Texas — The National Indepedent Dealers Association’s member services division has created a new partnership program designed to offer members a wider array of companies whose products and services they can trust, according to an association announcement. “This new affinity partnership initiative focuses on firms that serve certain segments of the insurance/financial services markets as ... Read More »
Read More →MARKHAM, Ontario — CIBC has joined RouteOne Canada’s auto financing portal, the companies announced this week. Participating dealers who have a relationship with CIBC can now process credit applications and finance contracts through RouteOne. “Our goal is to deliver dealers a product that provides options that best suit their individual business needs,” said Barry McMillan, ... Read More »
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