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Categories: Dealer Ops, F&I, Industry
GSFSGroup Names Hurley CFO and VP

Former Allstate Dealer Services executive Michael Hurley has been named CFO and vice president of finance and planning for GSFSGroup.

https://www.autodealertodaymagazine.com/359736/gsfsgroup-names-hurley-cfo-and-vp
Categories: Dealer Ops, F&I, Product & Technology
Blackwell Promoted to COO at NuVinAir

Former AutoNation and CarMax executive Troy Blackwell has been promoted to COO of NuVinAir less than four months after joining the company as a senior vice...

https://www.autodealertodaymagazine.com/359709/blackwell-promoted-to-coo-at-nuvinair
Categories: Dealer Ops, F&I, Product & Technology
Etheridge to Lead Client Relations for TecAssured

F&I industry veteran Sherry Etheridge has joined TecAssured as director of client relations.

https://www.autodealertodaymagazine.com/359704/etheridge-to-lead-client-relations-for-tecassured
Categories: Dealer Ops, F&I, Industry
IAS Acquired by iA Financial for $720M

iA Financial Group announced the acquisition of IAS, an F&I products and services provider that counts 4,300 dealers in all 50 U.S. states.

https://www.autodealertodaymagazine.com/359700/ias-acquired-by-ia-financial-for-720m
Categories: Auto Finance, Dealer Ops, Industry
Q3 Auto Finance: Used Accounts for 55% of Loans

Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year...

https://www.autodealertodaymagazine.com/359698/q3-auto-finance-used-accounts-for-55-of-loans
Categories: Dealer Ops, F&I, Product & Technology
NAC Adds Connected Vehicle Service Contract

National Auto Care announced the launch of NAC Connect, a new vehicle service contract that includes one year of free telematics service.

https://www.autodealertodaymagazine.com/359696/nac-adds-connected-vehicle-service-contract
Categories: Auto Finance, Dealer Ops, Industry
November Auto Loan Interest Rates Hit 21-Month Low

Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3%...

https://www.autodealertodaymagazine.com/359676/november-auto-loan-interest-rates-hit-21-month-low
Categories: Auto Finance, Dealer Ops, Industry
Regulators Appear to Endorse Alternative Credit Scoring

A joint statement from the nation’s biggest banking regulators expressed cautious optimism toward emerging decisioning models that could generate more auto...

https://www.autodealertodaymagazine.com/359674/regulators-appear-to-endorse-alternative-credit-scoring
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Discounts, Incentives Stabilize New Vehicle Prices in November

Kelley Blue Book reports the average cost to buy a new vehicle was $38,393 last month, a 1% year-over-year increase restrained by frantic efforts to move...

https://www.autodealertodaymagazine.com/359662/discounts-incentives-stabilize-new-vehicle-prices-in-november
Categories: Auto Finance, Dealer Ops
Pre-Owned Values Down 1.4% in November

Black Book reports retained values for used vehicles decreased sharply last month. If the index holds through December, it will end 2019 on a year-over-year...

https://www.autodealertodaymagazine.com/359648/pre-owned-values-down-1-4-in-november


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