Cox Automotive Investing in SilverRock Holdings for F&I Products


Cox Automotive - January 28, 2016

Cox Auto­mo­tive has made a strate­gic invest­ment in Sil­ver­Rock Hold­ings, LLC, to offer prod­ucts in the finance and insur­ance space for GO Finan­cial and NextGear Cap­i­tal affil­i­at­ed deal­ers. That prod­uct line­up will soon offer war­ran­ty, insur­ance, and theft recov­ery prod­ucts. Cox Auto­mo­tive will have a minor­i­ty inter­est in Sil­ver­Rock Hold­ings, major­i­ty owned by Ernest Gar­cia and Ray Fidel of Dri­ve­Time through their sep­a­rate com­pa­ny, Oreno Hold­ings, LLC. Sil­ver­Rock Hold­ings pro­vides F&I prod­ucts such as Extend­ed Vehi­cle Ser­vice Con­tracts, GPS theft recov­ery prod­ucts, Guar­an­teed Asset Pro­tec­tion prod­ucts (GAP), and auto insur­ance solu­tions to con­sumers through inde­pen­dent and fran­chise deal­ers.



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