Asbury's operations head departs with more than $822,000 in salary, bonus

Asbury's operations head departs with more than $822,000 in salary, bonus https://ift.tt/2t9onUD

More details of Hartman's departure will be included in his separation agreement, which Asbury says it will file in its annual report. Full-year 2019 and fourth-quarter guidance are expected sometime next month.

Rick Hendrick adds CEO role at giant dealership group

Rick Hendrick adds CEO role at giant dealership group https://ift.tt/2T6h8as

Rick Hendrick, founder and chairman of the 94-store Hendrick Automotive Group, assumed the additional role following the planned retirement of CEO Edward Brown III, who had served in the post since January 2011. Gregory Gach was also named president of Hendrick Automotive.

Service contract platform follows up on missed F&I opportunities

Service contract platform follows up on missed F&I opportunities https://ift.tt/2t2gLDl

Servicecontract.com, a newly launched software-as-a-service company, claims to pick up service contract sales where dealerships leave off, through targeting customers who didn't purchase the F&I product in the store.

Changes to the Fair Debt Collection Practices Act could affect lenders

Changes to the Fair Debt Collection Practices Act could affect lenders https://ift.tt/37OrxMi

The American Financial Services Association says rule changes proposed by the Consumer Financial Protection Bureau last spring could be applied to first-party creditors such as auto lenders.

December auto applications linked to new fraud wave

December auto applications linked to new fraud wave https://ift.tt/37QK4Yn

The latest incidents, in which applicants changed the last four digits of a valid Social Security number to create a synthetic identity, are likely tied to a rise in Credit Privacy Number selling — a credit repair scam.

Consumers hesitant about spending on AV, EV technology, survey shows

Consumers hesitant about spending on AV, EV technology, survey shows https://ift.tt/37K2gCN

Deloitte's study found there is some evidence consumers have become more willing, over the last five years, to pay "something" more for autonomous and alternative engine technologies.