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Portfolio Acquired by Abry Partners

Portfolio Acquired by Abry Partners

Private equity firm Abry Partners has agreed to acquire F&I products and reinsurance programs provider Portfolio from Capital Z Partners.

August 20, 2019

Manheim Boosts Investment in Simulcast Technology
AUL Earns 6th Straight Best Workplace Award
Feds: NIADA’s Gabler, F&I Manager Indicted for Fraud

Feds: NIADA’s Gabler, F&I Manager Indicted for Fraud

Former National Independent Automobile Dealers Association leader Andy Gabler and Chad Bednarski, a finance manager at his Pennsylvania dealerships, were indicted on bank and wire fraud charges by a federal grand jury.

August 20, 2019

3 Ways to Address Opioid Addiction in the Dealership

3 Ways to Address Opioid Addiction in the Dealership

Opioid use and abuse among dealership employees can’t be tolerated, but termination is not the only answer. Attorney offers three tools American business owners are using to confront the opioid crisis in a compassionate and compliant way.

August 19, 2019

Lease Credit Approval Rates Rise to 69.1% in July
MBPI Adds MBP ID Fraud Solutions
EFG Adds Service Contract for EV Buyers

EFG Adds Service Contract for EV Buyers

EFG Companies announced the launch of Motorist Assistance Plan, an exclusionary vehicle service contract designed specifically for buyers of electric vehicles.

August 15, 2019

4 Ways to Kill Your F&I Downtime

4 Ways to Kill Your F&I Downtime

Champions spend far more time practicing than playing. F&I pro offers four skill-sharpening ways to make every day a productive one.

August 15, 2019

Johnson Joins Axiom Leadership Team as EVP

Johnson Joins Axiom Leadership Team as EVP

Axiom has named F&I industry veteran Susan Johnson as executive vice president in charge of full-cycle product development and administration initiatives.

August 14, 2019

Survey: Youngest Car Buyers Visit Most Dealerships

Survey: Youngest Car Buyers Visit Most Dealerships

Members of Generation Z reported visiting an average of 3.8 dealerships on their car-buying journey in an Urban Science poll, which found the majority of U.S. consumers still lean on dealerships for critical information — and test-drives.

August 14, 2019

JDP: Frontline Finance Reps Key to Dealer Relations

JDP: Frontline Finance Reps Key to Dealer Relations

J.D. Power’s latest U.S. Dealer Financing Satisfaction Study finds knowledgeable and empowered bank and finance company personnel are critical to building successful relationships with dealers and F&I professionals.

August 14, 2019

AutoNation’s Blackwell Joins NuVinAir as SVP
TradeRev Adds Two Midwest Markets

TradeRev Adds Two Midwest Markets

TradeRev has brought its digital-driven dealer-to-dealer auction platform to Kansas City and Minneapolis, continuing a nationwide expansion.

August 13, 2019

Days’ Supply Hits 71 on Weaker Sales

Days’ Supply Hits 71 on Weaker Sales

The latest report from the Automotive News Data Center finds U.S. franchised dealers were sitting on nearly 3.8 million new units as of Aug. 1, a 27-year high.

August 13, 2019