SCOTTSDALE, Ariz. — CNA National Warranty Corp, recently announced that more than $30 million was returned to auto dealers across the United States in 2012 through its various participation plans.
“Our dealer participation programs have been the foundation of our success for over three decades,” said Alan Miller, senior vice president of sales. “Our partnership with our dealers is further solidified by our association with professional, independent agents who have the vital role of maintaining the relationship on a day-to-day basis.”
Since its founding, CNA National has returned more than $261 million to dealers through participation plans.
“The capital dealers receive from our dealer participation plans is used to not only enhance their businesses, but it also benefits their local and regional economies,” said Joe Becker, president and CEO. “We are proud to be part of a process that ultimately benefits both small and large businesses.”
CNA National’s participation plans allow dealers to select the program that best serves both their business and individual income development goals. And in 2012, through its controlled foreign corporations (CFC) and non-controlled foreign corporation (NCFC) reinsurance structures, CNA was recognized as “Best Provider” for reinsurance with the Auto Dealer Monthly’s Dealers’ Choice Award.
“Our business model for our dealers has proven to be a success, regardless of the economic climate,” says Miller. “We will continue to work with dealers to prove our value to their long-term success.”