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.
With several providers settling lawsuits in the past that claimed the telemarketers were agents of the Service Contract providers this is a positive and logical finding. In this case – Royal Administration Services Inc. could not be held liable for unsolicited calls made by independent contractors.
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.
According to a new survey from AAA 64 million drivers would not be able to pay for an unexpected vehicle repair without going into debt. This serves to reinforce the value of service contracts.
Toco Warranty launched a new website for consumers who demand affordable monthly payments.
Maryland Attorney General Brian Frosh is encouraging consumers to be cautious of offers of any automobile extended warranties, that often come to people in the mail.
Matrix Warranty Solutions announces the appointment of Dominic Sansone as president of Matrix’s automotive division, effective immediately.
The company recently highlighted close to 650 dealers nationwide have qualified for either the Elite Dealer Program or the WealthBuilder Program.