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EFG Companies Launches Training Portal for F&I Managers

DALLAS — F&I product provider EFG Companies today announced the launch of a new dynamic digital portal designed to boost F&I producer knowledge, reinforce training learnings, and reduce the cost of a poor hiring decision for a dealership. The EFG Learning Opps Through Virtual Engagement, or LOVE, was developed in response to complaints from dealers and … Read More »

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Former Toyota Exec Joins Portfolio Reinsurance Sales Team

LAKE FOREST, Calif. — Portfolio has announced that Peter W. Jacobson, formerly of Toyota Financial Services in San Francisco, has joined the company as a reinsurance specialist. The position requires working closely with dealer principals on business strategy and a thorough knowledge of all dealership operations. Jacobson most recently served as dealer sales and service … Read More »

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Line\5 Wins Prestigious New Industry Award

NAPLES, Fla. — Line\5 won the Platinum award for F&I Financing, a new category in this year’s 14th annual Dealers’ Choice Awards competition. The awards are sponsored by Auto Dealer Today and F&I and Showroom magazines and rank firms based on product quality, value for money spent, and customer service, according to the results of a detailed written survey … Read More »

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Dent Wizard Names New CFO

ST. LOUIS — Dent Wizard International today announced the hiring of Jim Powers as the company’s new CFO. Powers officially assumed his new role on July 2 and reports to Dent Wizard CEO Mike Black. Powers comes to Dent Wizard having served in various leadership roles. He most recently served as president and CEO for … Read More »

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Dent Wizard Acquires Image Auto

ST. LOUIS — Dent Wizard International announced the acquisition of Image Auto LLC, a provider of auto reconditioning and wheel repair services in the Central and Western New York and Pennsylvania areas. The transaction was finalized June 8. Dent Wizard’s acquisition includes both auto service brands operating under the company’s LLC: Image Auto, the Syracuse, … Read More »

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CDK Global to Acquire ELEAD1ONE

HOFFMAN ESTATES, Ill. and ATLANTA — CDK Global Inc. today announced it has entered into a definitive agreement to acquire ELEAD1ONE. The value of the transaction, which was unanimously approved by CDK’s board of directors, was not disclosed. The deal was first reported on Sunday by The Banks Report, which described the acquisition as checking off … Read More »

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