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CareGard/AFG Grows Team, Poised for Expansion

CareGard/AFG Grows Team, Poised for Expansion

CareGard Warranty Services/AFG Companies announced the addition or promotion of four executives and plans to expand facilities and put a new emphasis on income development for dealers and agents.

April 18, 2019

Singh Joins NAC as CTO

Singh Joins NAC as CTO

Twenty-year industry veteran Pankaj Singh has been named chief technology officer at National Auto Care, where he will lead the company’s IT and project management teams.

April 16, 2019

NADA: F&I Income, Penetration Rates Remain Strong

NADA: F&I Income, Penetration Rates Remain Strong

Despite escalating new-car prices and plateauing sales, NADA analysts report little change to American dealers’ per-copy average, penetration rates, and F&I income as a percentage of gross profit in 2018.

April 16, 2019

Autotrader Names Best New Cars for 2019

Autotrader Names Best New Cars for 2019

Autotrader has released a list of 12 2019-MY vehicles that offer the latest in design, technology, and features and are available to U.S. buyers for $75,000 or less.

April 11, 2019

Wisconsin to Accelerate Dealer Fraud Investigations
Auto Loan Interest Rates Hit 10-Year High

Auto Loan Interest Rates Hit 10-Year High

Edmunds says the average APR for a U.S. new-vehicle loan was 6.36% in March, putting dealers and consumers on the cusp of a ‘dramatic shift’ toward the used-car market.

April 9, 2019

DMS Market Poised to Grow 8% by 2025

DMS Market Poised to Grow 8% by 2025

The global market for dealer management systems will hit $10.1 billion by 2025, a ‘healthy’ projected growth rate of 8%, according to the latest forecast by Research Reports.

April 8, 2019

NADA: Employment, Payroll Up for New-Car Dealers

NADA: Employment, Payroll Up for New-Car Dealers

U.S. franchised auto dealers paid over $66 billion to more than 1 million workers in 2018, a 1.9% year-over-year increase that pushed the average employee’s pay to $1,134 per week.

April 8, 2019

Cochran, Morgan Advance in 2018 Top 150 Dealer Rankings
New Infographic Makes Case for Reinsurance Review
US, Canadian Dealers Strong as Disruptors Advance in Global Auto Finance Report
GSFSGroup Names Koenig President
NAE/NWAN Promotes Nelson to VP

NAE/NWAN Promotes Nelson to VP

Ryan Nelson has been promoted from national sales manager to vice president of business development for National Automotive Experts and NWAN Inc.

March 7, 2019

Black Book: Used Values Hit 3-Month Skid

Black Book: Used Values Hit 3-Month Skid

Analysts say a late start to the spring selling season could be to blame for a third consecutive monthly decline in Black Book’s Used Vehicle Retention Index.

March 6, 2019

Bloomberg: Trump Issued Ultimatum to Factory Execs

Bloomberg: Trump Issued Ultimatum to Factory Execs

Sources say administration officials demanded automakers get onboard with President Trump’s plan to relax federal fuel-economy regulations and abandon any support for California’s stricter standards.

March 6, 2019