With an important ruling pending the auto industry waits for a decision and clarity. – Source: http://www.businessinsurance.com/article/20170306/NEWS06/912312200/Higher-premium-cap-widens-appeal-of-831b-microcaptives
AAA: One In Three U.S. Drivers Can’t Afford Unexpected Repair
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.
National Automotive Experts (NAE) Releases Motorcycle Warranty Forever
National Automotive Experts, a leading provider of auto, RV, and powersport F&I products, launches Motorcycle Warranty Forever.
Full article: http://www.motorcyclepowersportsnews.com/national-automotive-experts-motorcycle-warranty-forever/
Leave ‘warranty’ out of the service contract pitch
F&I managers encourage customers to buy a service contract, not a “warranty,” but does the sales team?
What You Need to Know About Certified Used Cars
Are CPO vehicles really worth the price premium you pay?
Article: http://www.consumerreports.org/used-cars/what-to-know-about-certified-used-cars/
Wise F&I Has Connected With MaximTrak
March 16, 2017
Wise F&I’s voluntary protection products are now accessible through MaximTrak, A RouteOne Company.
Wise F&I, a long standing company in the automotive finance and insurance market, has a full suite of voluntary protection products available through MaximTrak, A RouteOne Company. MaximTrak offers a highly customizable all-in-one F&I menu platform and streamlines access to Wise F&I products for their mutual automotive dealers. Access to Wise F&I’s full suite of products including: GAPWise, WiseCARE, TIREWise, WiseTVP, THEFTWise and KEYWise are all available through MaximTrak. Offering Wise F&I products through MaximTrak further enhances the customer experience by providing speed and accuracy to the process.
Rising GAP Claims Reveal Troubling Trends
Although we have seen it before today’s rapid increases in GAP losses should be of concern. Both the frequency and severity are now rising to levels that are concerning.
PSG launches Home and Auto Deductible Reimbursement Programs
Personal Safeguards Group, LLC, a leading specialty insurance and warranty advisory and brokerage firm, launches a new Auto and Home Deductible Reimbursement Insurance solution for Affinity Marketers, OEMs, Financial Services firms and Sellers.
Interstate National Corp. Promotes Two Executives
Interstate National Corp. has promoted Breanne Morley to president and Brian Becker to executive vice president and chief sales and marketing officer.
Press Release: https://www.pehub.com/2017/03/pe-backed-interstate-national-promotes-two/#
Safeware Says Unlucky Accidents Cause Damage to Consumer Electronics
Some of Safeware’s customers don’t seem to have luck on their side as devices experience uncommon types of accidental damage.
Full Article: http://www.marketwired.com/press-release/safeware-says-unlucky-accidents-cause-damage-to-consumer-electronics-2199021.htm