What’s Next for Auto F&I?

The unprecedented recovery is over – now what?

It’s been an incredible cycle the last 8 years as the auto industry came roaring back after the collapse in 08. We have now reach a plateau for new car sales and will likely hold below 18m new car sales for the next few years.  With new car sales as the industry proxy for the performance of the Vehicle Service Contract space the leveling of sales is already driving change.

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ServiceMaster Reports First Quarter 2017 Financial Results

American Home Shield showing 17% growth in the period.

Full Release:  http://www.businesswire.com/news/home/20170427005630/en/ServiceMaster-Global-Holdings%C2%A0Inc.-Reports-Quarter-2017-Financial

Panasonic HIT solar modules now have 25-year product workmanship warranty

Panasonic Eco Solutions North America introduces of one of the longest product workmanship warranties in the residential solar industry…

Source:  http://www.solarpowerworldonline.com/2017/05/panasonic-hit-solar-modules-now-25-year-product-workmanship-warranty/

T-Mobile to offer its own high-end phone with a lifetime warranty at an affordable price?

Article:  http://www.phonearena.com/news/T-Mobile-to-offer-its-own-high-end-phone-with-a-lifetime-warranty-at-an-affordable-price_id93606

Wise F&I Now Offers a Vehicle Service Contract for Pre-Owned Vehicles

Wise F&I is expanding their vehicle service contract (VSC) programs with the introduction of WiseMVP, a pre-owned motor vehicle service contract that rounds out Wise F&I’s VSC product suite.  WiseMVP provides coverage for vehicles that are up to 20 years old and that have up to 200,000 miles.

Release:  http://www.prweb.com/releases/wisefandi/wisemvp/prweb14290636.htm

What Protective gained when it bought U.S. Warranty

With each company bringing unique go to market models this article looks into what Protective gained with its acquisition of US Warranty.

Article: http://www.autonews.com/article/20170426/FINANCE_AND_INSURANCE/170419828/what-protective-gained-when-it-bought-u-s-warranty

Volkswagen offers six-year warranty to win back U.S. customers

Volkswagen is trying to win back American customers after its diesel emission scandal with SUV warranties that it said will be the longest in the United States.

Full Article:  http://www.reuters.com/article/us-autoshow-new-york-idUSKBN17D2MR

HomeServe USA Now Protects 3 Million Customers

HomeServe USA, a leading provider of home emergency repair solutions, announces a record-breaking period of customer, partner and business growth in the 12 months ended March 31, 2017.  As of March 31, 2017, HomeServe grew its customer base to 3 million households…

Full Release:  http://www.businesswire.com/news/home/20170411005387/en/HomeServe-USA-Protects-3-Million-Customers

Where do Vehicle Service Contracts & Protection Plans Fit in Ally?

Where do Vehicle Service Contracts & Protection Plans Fit in Ally?

Have you seen the Ally Bank television ad called, “Nothing Stops Us: Ally Team Huddle”?  The team is gathered at Ally HQ in a glass enclosed conference room.  A manager reminds the team, “Remember, here at Ally nothing stops us from doing right by our customers.  Who’s with me?”  The half-dozen people in the room respond with “I’m in” and reach their hands into the middle of an impromptu huddle.  Just then, in her haste to join the huddle, a woman walks (crashes) into the conference room through a glass panel.  Outside the room hundreds of more employees are rushing to get into the huddle.  Motley Crew’s “Kickstart My Heart” is their clarion call.  The ad is part of Ally’s 2016 enterprise-wide campaign themed “Do It Right.”

Complete Article:  Ally Insurance 04182017r