Stan Bernard has been promoted to head of industry practices for the U.S. middle market for Zurich North America, succeeding Lynn Zeitler, who will retire in December. +
When customers refinance, dealers lose F&I income and underwriting profits. Falling interest rates have pushed more Americans who have secured an auto loan in the past 24 months to say they are “likely” to refinance soon, according to the latest TransUnion survey. +
Doug Timmerman, interim CEO of Ally Financial and president of Ally’s dealer financial services division, was named 2024 Auto Finance Executive of the Year by Black Book. +
EFG Companies announced the launch of Wealth Builder Profit Participation Suite, a new program that guarantees a profit per unit retailed increase of $206,400 per F&I producer, per year. +
Former managing director Ryan Hanlon has rejoined Portfolio as chief sales officer to grow sales, revenue and market share. +
ADCO Holdings’ David DeCredico warns dealers that rising repair costs will affect reinsurance profits and offers a dealership checklist. +
