Penske to Install Reynolds docuPAD in All Stores
Penske said today it intends to integrate electronic document management to improve workflow and efficiency and install the Reynolds docuPAD system in F&I departments across more than 120 Penske dealerships.
AutoGravity Names New CEO, CTO
Alex Mallman, who most recently served as president and CEO of Mercedes-Benz Auto Finance China, replaces AutoGravity’s co-founder and CEO Andy Hinrichs, who left in May, according to the Orange County Business Journal.
Dent Wizard Names New CFO
The F&I product provider has hired Jim Powers as it’s new CFO. The experienced leader most recently served as president and CEO for St. Louis-based UniGroup Inc. and its subsidiaries.
F&I Dealer of the Year Nominations Now Being Accepted
F&I and Showroom, Auto Dealer Today's sister publication, is now accepting nominations for its 17th F&I Dealer of the Year contest, sponsored for the second straight year by American Financial & Automotive Services. Nominations must be received by Aug. 15, 2018.
Edmunds: Stage Set for Market Contraction
June’s annual percentage rate of 5.82% marked a 17% increase since January 2018. Add rising rates to a virtually saturated U.S. market, record-high vehicle prices, and historically high numbers of people who owe more than their cars are worth, and the stage is set for a market contraction, the firm said.