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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.
Read More →Strong car sales and an improving credit environment led to a first quarter revenue increase for DealerTrack Holdings Inc., company officials reported today.
Read More →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.
Read More →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.
Read More →Four former Triad Financial executives have partnered with a Perella Weinberg Partners affiliate to form CarFinance Capital LLC, a direct and indirect automobile finance company catering to the nonprime market.
Read More →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.
Read More →In their latest report, analysts at DealerTrack subsidiary ALG are sticking with predictions they made a month ago that a prolonged production interruption of Japanese-made vehicles could cause prices on some models to jump by as much as 10 percent.
Read More →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.
Read More →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.
Read More →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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