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Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
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SEARCHMENUSEARCHA collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
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Charlotte, N.C. — Record-high used-vehicle sales, strong growth in fixed operations gross profit and a healthy F&I department helped deliver a strong four-quarter performance for Sonic Automotive in spite of continued new-vehicle pricing pressure. Sonic sold a record-setting 35,058 new vehicles on a same-store basis during 2015’s end-of-year quarter. Due to pricing pressure, however, new-vehicle ... Read More »
Read More →Albuquerque, NM – SouthwestRe announced today the release of First Automotive Powertrain Wrap, a new vehicle service contract meant to be sold in conjunction with its First Automotive Lifetime Powertrain Limited Warranty program. Powertrain Wrap “wraps around” Lifetime Powertrain Limited Warranty to provide dramatically increased coverage for the consumer. “Powertrain Wrap works hand-in-hand with our ... Read More »
Read More →LAKE FOREST, Calif. — Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, has named Casey Van Schoyck to the new position of Chief Compliance Officer. She will report to Dan Haugen, Chief Operations Officer. ... Read More »
Read More →DALLAS – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, announced today that the company was recognized at the 10th Annual Stevie® Awards for Sales and Customer Service, a feature of the American Business AwardsSM, the USA’s top business awards program. This marks the second year running that EFG has won awards in ... Read More »
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LAKE SUCCESS, N.Y. — Dealertrack launched today a new “In-State Registration and Titling” solution desgined to simplify the registration and titling process for California dealers. The new web-based solution features fast transaction speeds; same-day shipping of plates and stickers submitted before 1 p.m.; transaction audit results within 48 hours via Dealertrack’s Audit and Scan Service; ... Read More »
Read More →Norcross, Georgia – APCO Holdings, Inc. (APCO), a leading marketer and administrator of aftermarket benefits sold by franchised and independent auto dealers throughout the U.S., announced that it has acquired 100% of Automotive Development Group, LLC (ADG) from The Zabel Companies, LLC. Following the transaction, ADG’s senior management will remain shareholders and the company will ... Read More »
Read More →WAYNE, Pa. — MaximTrak Technologies has announced a new F&I platform with enhancements aimed at international markets. The new platform, MaximTrak Global, is being released in the United States, Canada, China, Australia, South America, and Europe, and will be made available to existing MaximTrak customers. “We have taken what we have pioneered in America out ... Read More »
Read More →SANTA MONICA, Calif. — TrueCar CEO Chip Perry, who joined the company this past December, used the firm’s quarterly investor call to lay out his plans to improve dealer relations, OEM perception of TrueCar and user monetization. Perry said his top priority is to repair dealer relations, acknowleding that a a company like TrueCar, which ... Read More »
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