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Newsby StaffNovember 8, 2019

Protective Enhances RV Service Contract Program

Protective Asset Protection has released a series of enhancements to coverage, eligibility, terms, collateral, and training for its XtraRide program.

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Newsby StaffNovember 7, 2019

AutoNation, Sonic Set Records as Publics Grow PVR

All six of America’s big publicly traded dealership groups enjoyed year-over-year gains in F&I profit per vehicle retailed in Q3, led by record highs at AutoNation and Sonic Automotive.

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Newsby StaffNovember 6, 2019

Expert: Don’t Ask Veterans These 3 Questions

Attorney and former Army officer John Berry advises auto dealers and other business owners to steer clear of three common but highly insensitive questions many ask of military veterans during the hiring process and at the workplace.

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NewsNovember 5, 2019

Commercial Fleet Sales Flying High Again

Sales of vehicles to commercial fleets from nine manufacturers remained robust in October, while sales to government agencies and daily rental companies were sharply lower.

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Newsby StaffNovember 4, 2019

DOWC, PassTime Partner to Boost F&I Sales

Dealer Owned Warranty Company and PassTime have teamed up to give dealers additional opportunities to sell protection products for vehicles with PassTime GPS devices.

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Newsby Tariq KamalNovember 4, 2019

October Sales: SAAR Could Hit 17M for 5th Straight Year

The latest report shows U.S. new car dealers are on pace for yet another 17 million-unit year, led by gains at Japanese and Korean factories, increased incentive spending, and fleet sales.

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Newsby StaffNovember 4, 2019

Used Trucks Lost More Value Than Sedans in October

Black Book’s latest Used Vehicle Retention Index report shows retained values for light trucks declined at a faster rate than many car segments.

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Newsby StaffNovember 4, 2019

Maybee Named President of NextGear Capital

Ten-year auto finance veteran Scott Maybee has been named president of NextGear Capital after serving as general manager of Manheim Northstar Minnesota.

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Newsby StaffNovember 2, 2019

Average New Vehicle Prices Up Nearly 3% in October

Kelley Blue Book analysts say the average new vehicle transaction climbed to $38,259 in October, a slight decline from the prior month but 2.9% higher than a year ago.

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Newsby Tariq KamalNovember 1, 2019

Former GM Gets 4 Years, Owes $8M for Embezzlement

Amir Bakhtiari will spend 54 months in federal prison and faces deportation to Iran after pleading guilty to embezzling $6 million by paying phony advertising invoices and unearned bonuses.

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