Archive | Auto Industry News

Manheim Promotes Three to GM

ATLANTA — Manheim announced the promotion of three experienced leaders to general manager roles: Dave Rathjens at Manheim Lakeland, Greg Milam at Manheim Seattle and Martin Sandoval at Manheim Central California. “Manheim has a strong track record of developing our team members into leaders, and ... Read More »

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TEGNA Board Approves Spin-Off of Cars.com

McLEAN, Va. – TEGNA Inc. today announced that its board of directors has approved the previously announced spin-off of Cars.com, which will create two publicly traded companies: TEGNA, a media company with the largest broadcast group among major network affiliates in the top 25 markets, ... Read More »

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Sonic: Record F&I Performance Offset by Lower Retail Sales

CHARLOTTE, N.C. — The record per-copy average Sonic Automotive’s F&I operations delivered in the first quarter added $700,000 to total F&I gross. But those gains were entirely offset by lower overall retail sales. On a same-store basis, F&I operations increased F&I profit per unit retailed ... Read More »

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EFG Companies Receives National Recognition for Holistic Approach to Customer Service and Client Development

DALLAS - EFG Companies, the innovator behind the award-winning Hyundai Assurance program, announced that the company has achieved national recognition for its efforts across the entire organization. Last week, EFG was recognized in the 15th Annual American Business Awards, receiving: Gold in Communications Department of the Year ... Read More »

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Imprise Financial Announces Derek Thomas as Account Executive

STRONGSVILLE, Ohio – Imprise Financial PCC, Inc., is proud to welcome Derek Thomas to the position of Account Executive. In this position, Derek is responsible for serving Imprise Financial’s captive insurance clients with an emphasis on enterprise risk programs. Derek will focus on helping small ... Read More »

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Longtime Wells Fargo Dealer Services Exec Joins CRB Auto

IRVINE, Calif. — Longtime retail credit executive Bill Katafias has left Wells Fargo Dealer Services. His new employer, CRB Auto, announced today that he has joined the indirect auto finance source, a division of Mechanics Bank, as CEO. Katafias, who spent 23 years with the ... Read More »

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