EFG Companies announced the launch of Reinsurance Health Check, a diagnostic review for dealers concerned about program performance amid rising claims severity, higher repair costs and delayed reserve adjustments. +
TrueCar will implement a new vehicle pricing standard as part of an effort to help dealers remain in compliance with federal regulations against deceptive tactics. +
Dealertrack’s Credit Availability Index inched up to 102.4 in April, but analysts say subprime borrowers’ share of the market fell “sharply” after a March surge. +
Kelley Blue Book reports trucks and SUVs are largely to blame for April’s average new-vehicle transaction price of $49,461, a 1.8% year-over-year increase. +
JM&A’s Q1 report finds F&I gross profit per vehicle retailed, penetration rates and products per deal improved, offsetting significant challenges on the front end. +
State Attorney General Rob Bonta says General Motors will pay $12.8 million to settle charges the factory sold OnStar-generated driver data to insurance companies. +
Feldman Automotive Group has acquired Northern Ohio’s Firelands Auto Group, adding its first Honda and Toyota franchises and growing its footprint to 25 dealerships in four states. +
CARS Protection Plus has integrated with Circuitry.ai’s AI-powered Warranty Decision Intelligence Platform in pursuit of faster and more consistent claims handling. +
TransUnion’s latest report finds the superprime and subprime credit tiers are growing, thinning the “middle” tiers while pressure rises for nonprime borrowers. +
Polly’s latest quarterly report finds dealers who sell insurance policies to car buyers are adding an average of $564 in F&I gross profit per deal, a 35% increase. +
