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 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 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
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
At retail the US Consumer Service Contract Industry is approximately $53.7b
Breakdown by Segment Chart: https://warrantynews.com/wp-content/uploads/2018/03/Industry-Overview.png
Source: Personal Safeguards Group, LLC
Accomplishment Establishes AUL as One of the Top Independent Vehicle Service Contract Providers in the Nation.
Great article outlining common F&I practices that will put your dealership at risk.
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 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
Sales staff was allowed to charge their own prices for warranties leading to larger commissions.
Full Article: https://www.businessnews.com.au/article/Car-warranty-company-to-refund-5m
