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Newsby Tariq KamalAugust 21, 2019

S.C. Dealer Sues Former GM, F&I Manager

Hoover Mitsubishi’s Mark Hoover has sued two former employees accused of doctoring auto loan applications, a scheme that led to an FBI raid and the shuttering of the dealership.

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Newsby StaffAugust 21, 2019

Beverly Hills BMW Sold in Recordbreaking Deal

The four-acre, 93,000-square-foot Beverly Hills BMW has been sold for $70 million, an amount billed as the highest ever paid to acquire a Los Angeles auto dealership.

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Newsby StaffAugust 20, 2019

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.

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Newsby StaffAugust 16, 2019

Lease Swap Approval Rates Rise to 69.1% in July

Lease approval ratings improved in July following a slight dip in June, according to the latest report from Swapalease.com.

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Newsby StaffAugust 15, 2019

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.

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Newsby StaffAugust 14, 2019

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.

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Newsby StaffAugust 14, 2019

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.

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Newsby StaffAugust 9, 2019

Starks Leaves NBA’s Jazz for LHM CEO Post

Steven E. Starks, president of the Utah Jazz and LHM Sports & Entertainment, has been named CEO of the Larry H. Miller Group of Companies.

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Newsby StaffAugust 5, 2019

Axiom Adds F&I Products for Highlines, EVs

Axiom’s Revolution Series of F&I products has expanded to include Revolution Technology, Revolution UltraLux, and Revolution Electric.

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Newsby StaffAugust 5, 2019

Maxim, Mussani Transition to New Roles at RouteOne

Jim Maxim Jr. and Imran Mussani have assumed new roles at RouteOne, completing a transition that began when the company acquired MaximTrak, the technology firm Maxim co-founded, in 2016.

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