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NewsMay 13, 2011

Bill to Fix California GAP Problem Signed by Gov. Brown

Legislation aimed at amending a California law that prohibited the inclusion of deductible coverage in the sale of GAP was signed into law by Gov. Jerry Brown last Monday, ending a four-month effort led by several trade organizations and an F&I product provider.

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NewsMay 10, 2011

DealerTrack’s First Quarter Profit Increase Driven by Improving Market Conditions

Strong car sales and an improving credit environment led to a first quarter revenue increase for DealerTrack Holdings Inc., company officials reported today.

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NewsMay 10, 2011

AUL Corp. Partners With OptionSoft Technologies

AUL Corp., a provider of service contracts for used vehicles, has formed an agreement with OptionSoft Technologies, a provider of automotive software solutions. The goal of the partnership is to allow both companies to continue offering their dealer networks the most advanced electronic business solutions.

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NewsMay 10, 2011

Signet Folds, Dealers on Hold

Dealers, consumers and state regulators want to know the whereabouts of Greg Lehmann and his Signet Financial Group. The Vacaville, Calif.-based F&I product provider, which offered a service-contract refund agreement, closed its doors without notice in late March, leaving consumers with a lot of questions and dealers without answers.

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NewsMay 10, 2011

Next Gen Dealer Services Offers 'Everything Facebook' Series

Next Generation Dealer Services is offering dealers a free Webinar series titled, “Everything Facebook.” The Webinar begins Wednesday at 2 p.m. EST and will feature a brief introduction and an overview of the series’ agenda.

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NewsMay 10, 2011

Penske Automotive Names David Jones as EVP and CFO

Penske Automotive Group Inc. announced Monday that David K. Jones, the company’s vice president and CFO of its European operations, has been named executive vice president and chief financial officer, effective immediately.

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NewsMay 10, 2011

Dealers at Center of Latest Ohio State Scandal

At least 50 used-car transactions involving Ohio State University athletes and family members and a former Columbus car salesman will be the focus of a new investigation by the school’s athletic department.

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NewsMay 10, 2011

Polk Launches Web-Based Loyalty Analytics Tool

Polk, a provider of automotive loyalty metrics and insight, has launched the Web-based Loyalty Analytics Tool. The solution provides users with access to Polk’s robust suite of U.S. automotive loyalty information, available 24/7 through a secure online portal.

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NewsMay 10, 2011

Amendola Named SVP for Resource Automotive

Resource Automotive, a unit of The Warranty Group Inc., announced that Joe Amendola was named senior vice president of national sales. Amendola will be responsible for all sales and marketing activities within Resource’s U.S. retail automotive segment.

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NewsMay 10, 2011

vAuto’s Dale Pollak to Deliver Keynote Address at NAF Conference

Dale Pollak, the founder of vAuto, will deliver the keynote address at the National Automotive Finance (NAF) Association's 15th Annual Below-Prime Auto Financing Conference, scheduled for June 1-3 at the Omni Fort Worth Hotel.

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