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Gannett Co. has signed a definitive agreement to acquire full ownership of Cars.com for $1.8 billion in cash. Under the agreement, the media company will acquire the firm’s remaining 73% interest from its current owner, Classified Ventures LLC.
Read More →Ted Twombly has joined CNA National’s sales team as regional vice president. He previously spent 13 years with Zurich Automotive as a regional F&I manager and F&I executive.
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Rowe, who previously served as president of Kelley Blue Book for two and a half years, will succeed Alan Smith, who is leaving AutoTrader to pursue personal interests.
Read More →The auto finance source also recorded record used-vehicle originations and grew its dealer network by more than 900 dealers in the second quarter.
Read More →VisionMenu has added Portfolio and Wise F&I to its vRate platform, a feature that allows users of the firm's menu system to rate multiple providers and multiple products simultaneously.
Read More →In a Securities and Exchange Commission filing this week, GM Financial revealed that it was served with a subpoena by the U.S. Department of Justice. It is requesting documents related to the origination and securitization of subprime auto loan contracts dating back to 2007.
Read More →With F&I offices being challenged by credit unions and insurance companies like State Farm, the celebrated F&I trainer will offer conference attendees new strategies for increasing finance penetration.
Read More →Automotive Compliance Consultants warned dealers this week to review their arbitration clauses in their finance contracts. The firm says such language is coming under scrutiny from courts and regulators.
Read More →An investigation found that South Auto Sales required consumers financing their vehicle purchase to sign a preprinted repossession waiver that violated state law.
Read More →Fifty percent of new-car shoppers think GM is a different company today compared to five years ago, while only 24% of new-car shoppers believe the ‘old’ GM still exists.
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