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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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WESTERVILLE, Ohio – Westerville OH-based National Auto Care Corp. markets F&I products through its national network of independent agents. According to CEO Tony Wanderon, the company’s core focus is increasing these agent partners’ profitability by providing unique F&I product offerings and personalized sales support. For 2016, National Auto Care Corp. has introduced several products to ... Read More »
Read More →COLLEYVILLE, Tex. – The Association of Finance & Insurance Professionals (AFIP) announced that Gulf States Financial Services Group’s entire dealer-support cadre completed the AFIP Certified F&I Professional program in 2015. David Robertson, AFIP executive director, conducted a review and proctored the certification exam in the final round of testing at the firm’s Houston home office ... Read More »
Read More →SCOTTSDALE, Ariz.—CNA National Warranty Corporation is pleased to announce Saundra Stewart as the company’s new Vice President for National Accounts, effective January 4. “We are excited to have Saundra join the CNA National team. She has a wealth of experience in the automotive marketplace, which will serve us well as we grow our business over ... Read More »
Read More →CHICAGO – F&I Administration Solutions, LLC (F&I Admin), North America’s leading provider of software solutions for the administration of F&I products, announced today that it has added it’s 50th product administrator to the company’s steadily growing customer base. This milestone marks a significant achievement for F&I Admin and confirms its leadership position in the automotive and ... Read More »
Read More →AUSTIN – IAS, a leading provider of F&I solutions to automobile dealerships, today announced a series of senior management changes designed to advance the adoption of the company’s complete F&I solution. Frank Klaus has been promoted to Chief Operating Officer for the IAS Oklahoma City, Oklahoma and Dublin, Ohio offices. Mr. Klaus had previously served ... Read More »
Read More →WASHINGTON, D.C. — The Federal Trade Commission (FTC) announced today that General Motors, Jim Koons Management and Lithia Motors Inc. have agreed to settle the regulator’s allegations that each touted rigorous inspections for certified pre-owned vehicles, but failed to disclose that some of the vehicles they were selling were subject to unrepaired safety recalls. According ... Read More »
Read More →ATLANTA — Cox Automotive is getting into the F&I business. The company announced today it has acquired a minority interest in SilverRock Holdings LLC, which is majority owned by Ernest Garcia and Ray Fidel of DriveTime through a separate company, Oreno Holdings Inc. The transaction closed on Dec. 31, 2015. According to officials, Go Financial ... Read More »
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