Price Joins Portfolio Board of Directors

Price Joins Portfolio Board of Directors

National Automotive Experts and NWAN founder Kelly Price has been appointed executive vice president of strategic ventures at Portfolio and joined the company’s board of directors.

Portfolio announces that Kelly Price has been appointed executive vice president of strategic ventures and has joined the company’s board of directors. Price is the founder of National Automotive Experts and NWAN, a Strongsville, Ohio-based reinsurance and F&I products provider and administrator.

Price brings a significant amount of insight to the Portfolio board from her 30-plus years in the industry, including her deep expertise in the areas of automotive retail, claims administration, business development and captive insurance management.

“We are very pleased to have Kelly join our board and our executive team,” said Portfolio’s president and chief executive officer, Brent Griggs. “Her entrepreneurial approach to business is a great fit for Portfolio, and she has much to contribute to our board with the benefit of her experience leading NAE/NWAN for the past 25 years.”

Price founded NAE/NWAN in 1996 after serving as vice president of finance with a major dealership group. Portfolio acquired the company in 2020, combining complementary sales forces and geographic territories. “Kelly is a fantastic addition to Portfolio Group’s board of directors,” said Chris Ritchie, a principal at Abry Partners. “She brings a new set of perspectives and experiences to the table, and we believe that Kelly is a huge asset to Portfolio as we continue to invest in and grow the company. We’re fortunate to be partnered with Kelly and look forward to the future together.”

Link: Portfolio

You May Also Like

Auto Dealer Study Reveals Ways to Increase Appointment Success

The study showed when the trade was discussed, the likelihood of setting an appointment jumped from just over 24% to 42%.

Alan Ram’s Proactive Training Solutions announced in a press release the results of a partnership with Calldrip to conduct an independent study of 15 random auto dealerships in their database, scoring 1,215 sales calls. The study found a vital missing link as the customer’s vehicle trade was discussed only 14% of the time. However, the simple step of inquiring about an appraisal of a shopper’s current vehicle increased appointments set by 72%.

DOWC Is One of New Jersey’s Best Places to Work

DOWC received high marks for its workplace environment, company ethics and policies, and for providing an opportunity for growth.

DealerBuilt Pulls into Service Lane with Acquisition of iService Auto

iService’s solution is a key piece in an M&A strategy that unlocks the ability for DealerBuilt customers to run all their departments on one integrated platform.

Mopar, Petra Partner to Launch New Maintenance Products

Petra will provide a suite of Mopar products, including chemicals to help maintain the fuel system, diesel fuel system and A/C systems of the vehicles serviced.

Dealerware, Tekion Partnership Saves Time with Self-Service Check-In, Automated RO Tracking

The Tekion and Dealerware partnership utilizes Dealerware API to automate the flow of customer information between Tekion DMS and Dealerware’s courtesy loaner management platform.

Other Posts

CarNow Appoints Kayne Grau as New CEO

CarNow recently announced the appointment of Kayne Grau as chief executive officer and as a member of the Board of Directors, effective immediately. Grau will work closely with the CarNow leadership team to accelerate product innovation, strengthen the company’s network of industry partners and grow its customer base. Related Articles – Dealer Funnel Welcomes Dan

Dealer Funnel Welcomes Dan Moore to Board of Directors

Moore’s appointment comes at a time when Dealer Funnel continues to innovate in the automotive sales industry, integrating AI features and offering an extensive array of tools that allow dealerships to communicate more efficiently and effectively with their leads.

Manheim Tapped to Host Digital Private Store for Fusion Auto Finance 

Fusion Auto Finance is now able to consolidate its multiple disparate platforms into a single, seamless experience.

MotorDNA Unveils Insurance Marketplace

Integrating seamlessly into the auto dealerships’ F&I workflow and tech stack, the MotorDNA Insurance Marketplace ensures a streamlined and efficient experience for dealers and consumers.