Category Archives: Automotive

California Bill Would Impact Franchise Laws (including Warranty Reimbursements for Dealers)

The California legislature will begin reviewing a new franchise bill on Monday, April 23 – potentially impacting Dealer and Factory Competition, Spinoffs and Affiliates & Warranty Reimbursements.

Source:  http://www.autonews.com/article/20180423/RETAIL07/180429932/california-franchise-laws

APCO Names David Vickers CFO

APCO Holdings, home of the EasyCare®, GWC Warranty, Covideo® and SAVY® brands, has named David Vickers as the company’s new chief financial officer.

Source:  https://globenewswire.com/news-release/2018/04/12/1469539/0/en/APCO-Names-David-Vickers-CFO.html

Westlake Financial Partners with AUL

Westlake Financial Services announces a new partnership with AUL Corp. (AUL), the nation’s premier warranty and vehicle service contract administrator. Bringing nearly 30 years of experience, AUL will now provide back-end servicing in 19 states for Secure One®, Westlake’s vehicle protection program.

Release:  https://www.businesswire.com/news/home/20180313006291/en/Westlake-Financial-Partners-AUL

3 Service Contract Benefits that Boost Value for Customers

Article from Sean Murphy (Director, Product Development at Fortegra) listing three valuable service contract benefits.

Source:  http://blog.fortegra.com/3-service-contract-benefits-that-boost-value-for-customer

Personal Safeguards Group Publishes Service Contract Industry Estimates – Over $53b

At retail the US Consumer Service Contract Industry is approximately $53.7b

Breakdown by Segment Chart:  http://warrantynews.com/wp-content/uploads/2018/03/Industry-Overview.png

Source:  Personal Safeguards Group, LLC

JD Power Enters the Dealer F&I Space

J.D. Power announced the launch of J.D. Power Automotive Protection Products for new-car buyers.  J.D. Power Automotive Protection Products include extended service warranties, tire protection, surface protection, GAP, key replacement, lifetime warranty, dent-and-ding, maintenance, high-tech coverage and windshield protection as an add-on.

Article:  http://www.fi-magazine.com/news/story/2018/01/jd-power-enters-f-i-space.aspx

Zurich to Focus Heavily on F&I in 2018

Zurich North America, one of the largest insurance and vehicle service contract providers for auto dealers plans on a heavy focus on F&I in 2018.

Article:  http://www.fi-magazine.com/news/story/2018/01/zurich-to-focus-heavily-on-f-i-in-2018.aspx