Sagini Ramesh will lead a global team dedicated to aligning PCMI’s technology strategy with its business priorities, including the advancement of AI in the PCRS claims administration platform. +
CarMax has agreed to pay $420,000 in damages and a civil penalty of $79,380 after repossessing vehicles owned by at least 28 U.S. servicemembers without court orders. +
Agent Summit and Automotive Ventures have partnered to present the inaugural Startup Symposium, a new event for agents leading the charge toward F&I innovation. +
Citing agent and dealer demand, CornerStone United created Core360 to combine its new and used vehicle service contract programs into one streamlined offering. +
APCO Holdings announced a series of executive leadership moves, including a chairmanship for CEO Tony Wanderon and the promotion of Christina Schrank to COO. +
Analysts say strong product sales, back-end profits and F&I income helped U.S. dealers offset an average front-end gross that fell to a nearly four-year low in the fourth quarter. +
CDK’s new Friction Points study shows a marked improvement in F&I headcount and efficiency after the finance department earned poor marks a year ago. +
President Donald Trump says imported vehicles and parts are not subject to a new 15% tariff enacted after the Supreme Court restricted his ability to regulate trade. +
The U.S. Supreme Court has decided President Donald Trump exceeded his authority by using the International Emergency Economic Powers Act to levy tariffs on imported goods. +
U.S. Attorney Braden Boucek announced prison sentences and restitution orders for former Auto Masters owner Mark Janbakhsh and three others convicted on federal fraud charges. +
