OLDSMAR, Fla. — Norman & Company Inc., a provider of aftermarket products for automotive, powersports, marine and RV dealerships, has launched Classic Commercial GAP, a program designed to serve fleet and lease departments.
“With fleet sales stronger than ever and sales expected to grow by 8 to 10 percent in 2011, we believe that a strong and innovative commercial GAP product will be well received both by dealerships and their customers,” said Norm Ferenz, president of Norman & Company.
The Classic Commercial GAP program covers commercial autos, light to medium trucks or vans, plus heavy-duty trucks and tractor-trailers. It is available for both loans and leases. The program covers 150 percent MSRP/NADA for commercial autos and light or medium trucks or vans and 115 percent MSRP/NADA for heavy-duty trucks. In addition, the program carries a maximum $50,000 GAP benefit on an unlimited loan amount for up to 84 months.
“The market for new commercial and fleet vehicles grows stronger every day,” said Jerry Davis, vice president of Norman & Company Davis. “Our innovative Classic Commercial GAP product provides dealerships in with a powerful tool for generating more profit from the fleet, lease, and commercial sides of their business.”
Classic Commercial GAP is already approved in over 30 states. Dealers can learn more information by contacting Norm Ferenz or Jerry Davis at (800) 930-4633, or obtain the name of the agent by completing an online form at www.CommercialGAP.com.