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.
Private equity firm Abry Partners has agreed to acquire F&I products and reinsurance programs provider Portfolio from Capital Z Partners.
Citing increased dealer engagement, Manheim announced the addition of a slew of new features to its Simulcast live online auction platform.
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.
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.
Lease approval ratings improved in July following a slight dip in June, according to the latest report from Swapalease.com.
MBPI has added a product designed to offer identity protection to consumers during the F&I process.
EFG Companies announced the launch of Motorist Assistance Plan, an exclusionary vehicle service contract designed specifically for buyers of electric vehicles.
Axiom has named F&I industry veteran Susan Johnson as executive vice president in charge of full-cycle product development and administration initiatives.
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.
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.
NuVinAir Global has named former AutoNation and CarMax executive Troy Blackwell senior vice president of global operations.
TradeRev has brought its digital-driven dealer-to-dealer auction platform to Kansas City and Minneapolis, continuing a nationwide expansion.
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.
A former dealership employee was accused of systematically scrapping nearly $250,000 worth of catalytic converters and selling them to a recycling center for pennies on the dollar.
Roadster analysts say many American car buyers and lessees are wary of F&I product presentations and frustrated by lengthy, inefficient processes and a lack of transparency in pricing.
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