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TAG SEARCH RESULT: vehicle service contracts

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October 18, 2017 - Industry News

Assurant to Buy The Warranty Group in $2.5 Billion Deal

Under the transaction agreement, Assurant Inc. will become a wholly owned subsidiary of TWG Holdings Limited, whose name will be changed to Assurant Ltd. Assurant shareholders will own approximately 77% of the combined company, while TPG and its affiliates will own the remaining 23%. The transaction is expected to close in the first half of 2018.

Tags: Assurant Solutions, F&I products, The Warranty Group, vehicle service contracts, warranty

September 29, 2017 - Industry News

Volkswagen Extends Powertrain Warranty to Six Years/72,000 Miles

The new warranty doubles the automaker's current three-year, 36,000-mile warranty. Called the People First Warranty, the coverage can be transferred to subsequent owners for up to six years or 72,000 miles from the date it was first sold new.

Tags: Powertrain Coverage, vehicle service contracts, Volkswagen

September 22, 2017 - Industry News

SouthwestRe, DAC Sold to Canada's iA Financial Group

iA Financial Group, one of the largest life and health insurance companies in Canada, has signed an agreement to acquire shares of third-party administrator SouthwestRe and its insurance arm, Dealers Assurance Co. The acquisition is expected to more than double the firm’s vehicle warranty business.

Tags: Dealers Assurance Company, F&I products, iA Financial Group, Jim Smith, reinsurance, SouthwestRe, vehicle service contracts

September 7, 2017 - Industry News

AUL Promotes Bryan Nieves to Vice President of National Accounts

Byran Nieves

Aside from the promotion of Nieves, who has been with the company for more than 20 years and previously served as national accounts manager, AUL announced the promotion of Henry Paoli to national sales manager.

Tags: AUL Corp., F&I manager, F&I products, used vehicles, vehicle service contracts

August 24, 2017 - Industry News

GM: Dealers Must Disclose Non-GM Parts, Service Contracts

General Motors dealers who sell non-GM service contracts, parts and accessories must now disclose to their customers that the products are not backed by the automaker. Dealers who don’t comply face possible termination of their franchise agreement.

Tags: aftermarket accessories, California New Car Dealers Association, compliance, General Motors, NADA, National Automobile Dealers Association, Regulations, vehicle service contracts

August 21, 2017 - Industry News

N.J. Dealer Agrees to Pay $136,000 to Resolve Consumer Fraud Investigation

Three days after the New York attorney general's office reached settlement with a dealer for tacking on etch after customers agreed to prices for vehicles and often without their knowledge, New Jersey Attorney General Christopher Porrino reached an agreement with Sansone Hyundai to settle similar charges.

Tags: Christopher S. Porrino, compliance, Etch, New Jersey Attorney General, payment packing, Sansone Hyundai, vehicle service contracts

July 13, 2017 - Industry News

First Choice Car Care Launches High-Mileage VSC Plans

The new plans are designed to appeal to buyers of older vehicles who desire investment protection at a reasonable cost, officials said. It also encourages dealers to retail units profitably they would otherwise wholesale for a loss.

Tags: Auto Auctions, F&I products, First Choice Car Care, high-mileage VSC, Lloyd Truschel, Used-Vehicle Service Contracts, vehicle service contracts, VSC

May 18, 2017 - Industry News

KISS Concepts, American Auto Shield Join Forces

KISS Concepts Group's Rod Heasley will head up a new division at American Auto Shield dedicated to the launch of a new customizable VSC program. The union marks American Auto Shield's entrance into the dealer arena after focusing exclusively on direct-to-consumer opportunities.

Tags: American Auto Shield, F&I products, KISS Concepts Group, vehicle service contracts

May 10, 2017 - Industry News

PayLink Direct, Omnisure Group Announce Merger

The merger creates what officials describe as the largest vehicle service contract payment plan provider in the United States. The new entity will operate under the PayLink Direct brand. Rebecca Howard, cofounder of PayLink Direct, will serve as CEO.

Tags: F&I products, Omnisure, PayLink Direct, Payment Plan, vehicle service contracts

April 18, 2017 - Industry News

CNA National Launches Z2 VSC Program

The new vehicle service contract offering follows a redefinition of CNA’s vehicle classing system preceded by a thorough rate review. The new offering includes coverage for rideshare vehicles titled to private individuals.

Tags: CNA National, F&I products, vehicle service contracts, Z2 Series

April 12, 2017 - Industry News

Volkswagen Boosts Warranties for 2018 SUVs

Photo of 2018 Tiguan courtesy of VW.

The German automaker recently announced it will offer a six-year or 72,000-mile warranty on its Atlas mid-size SUV and Tiguan compact SUV for the 2018 model year. The upgraded warranty marks a significant upgrade from the 2017 Tiguan.

Tags: F&I products, vehicle service contracts, vehicle warranties, Volkswagen

March 16, 2017 - Industry News

EasyCare Launches SelectCare for Retail and Lease Customers

SelectCare was designed to cover parts not covered by the factory warranty, vehicle service contract or prepaid maintenance plan.

Tags: F&I products, vehicle service contracts, vehicle warranties

February 27, 2017 - Industry News

CNA National Distributed $40 Million to Dealers in 2016

CNA National Warranty Corp. (CNAN) returned more than $40 million to automobile dealers across the U.S. through its various participation plans for 2016, the company announced this week.

Tags: CNA National, GAP, vehicle service contracts

January 24, 2017 - Industry News

GWC Warranty Names New Vice President Of Operations

GWC Warranty announced the appointment of Richard Gesler as vice president of operations. He will oversee the F&I product provider's claims, business processing and customer service operations.

Tags: F&I manager, F&I products, GWC Warranty Corporation, vehicle service contracts

December 13, 2016 - Industry News

Portfolio’s Dallas Office Named a ‘2017 Best Place to Work For in Texas'

The F&I product provider joins 100 other companies on the list. This was the first time the company entered the contest, which is designed to recognize and honor the best places of employment in Texas, benefiting the state economy, workforce and business.

Tags: F&I product provider, Portfolio, reinsurance, vehicle service contracts

July 27, 2016 - Industry News

FTC Issues Refunds to Buyers of Bogus "Extended Auto Warranties'

The Federal Trade Commission (FTC)'s six-year effort to collect on a $4.2 million judgement against a telemarketer of “extended auto warranties” came to a end last week. The telemarketer, which did business under the name My Car Solutions, led victims to believe it was affiliated with auto dealers and manufacturers.

Tags: compliance, extended warranties, F&I products, FTC, Robocalls, telemarketing, vehicle service contracts

January 28, 2016 - Industry News

Cox Automotive Enters F&I Product Business

Cox Automotive announced today it has acquired a minority interest in F&I product provider SilverRock Holdings LLC. Officials said the products will be sold through dealers affiliated with Go Financial and NextGear Capital.

Tags: Cox Automotive, GAP, GO Financial, NextGear Capital, Oreno Holdings, SilverRock Holdings, vehicle service contracts, Vehicle-Recovery Device

November 19, 2015 - Industry News

Ontario Teachers’ Pension Plan to Acquire Majority Stake of APCO

The transaction is expected to close this December. Officials said APCO’s management team will remain in place once it does.

Tags: APCO, EasyCare, GWC Warranty Corporation, Larry Dorfman, Stone Point Capital, vehicle service contracts

October 15, 2015 - Industry News

EasyCare Releases Full Suite of RV-Geared F&I Benefits

EasyCare launched on Oct. 1 a full suite of F&I protections designed for the recreational vehicle market. Products include road hazard tire-and-wheel protection, GAP, limited warranty and vehicle service contracts.

Tags: EasyCare, GAP, recreational vehicles, Road Hazard Protection, Tire and Wheel, vehicle service contracts

October 13, 2015 - Industry News

SouthwestRe Rolls Out Multi-Guard Protection

The F&I product provider’s new all-in-one service contract brings together road-hazard protection, paintless dent repair, windshield repair and more.

Tags: paintless dent removal, Road Hazard Protection, SouthwestRe, Tire and Wheel, vehicle service contracts, windshield protection

July 7, 2015 - Industry News

GWC Warranty Introduces iPad App for Dealers

F&I product provider GWC Warranty has released its new GWC Warranty Dealer App for iPads. It features a library of product videos, an interactive coverage selection tool, a mobile rating engine with VIN scanner, and a virtual shopping cart.

Tags: GWC Warranty Corporation, iPad, iPad Business Applications, vehicle service contracts

June 2, 2015 - Industry News

Ally Premier Protection Now Available Nationwide

The company rolled out its new Ally Premiere Protection after completing a three-month pilot. Test dealers gave Ally high marks for training and product transition.

Tags: Ally, Ally Premiere Protection, vehicle service contracts

April 22, 2015 - Industry News

GWC Warranty VSCs Now Available in All 50 States

After receiving regulatory approval in Alaska, the F&I product provider announced that it's now able to operate in all 50 states.

Tags: F&I manager, F&I managers, F&I menus, F&I products, GWC Warranty Corporation, vehicle service contracts

March 31, 2015 - Industry News

GWC Warranty and FlexPath Capital Form Strategic Alliance

Independent automobile finance company FlexPath will now offer GWC vehicle service contracts as part of its new partnership with GWC Warranty.

Tags: F&I products, GWC Warranty Corporation, nonprime, vehicle service contracts

February 3, 2015 - Industry News

EFG Companies Launches Mileage-Only VSC

EFG Companies’ MAP My Miles allows car buyers to customize their VSC to their personal driving habits.

Tags: EFG Companies, F&I products, mileage, vehicle service contracts

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