CNA National Distributes Over $40 Million to its Dealers in 2019
Fifth consecutive year of returns over $40 million.
Fifth consecutive year of returns over $40 million.
Image by PublicDomainPictures via Pixabay
Scottsdale, Ariz.—CNA National Warranty Corporation returned more than $40 million to automobile dealers across the U.S. through its various participation programs for 2019. This brings the company’s inception-to-date total to over $560 million. This is the fifth year in a row the company has distributed over $40 million to its dealerships.
“Our plans delivered strong results last year,” said Joe Becker, president and CEO. “We are extremely pleased with the consistency of their performance. Our retro and reinsurance options continue to offer an effective and powerful way to generate income.”
With CNA National, dealerships can meet their business and individual financial goals by choosing the type of participation program they prefer. The company offers reinsurance – including CFC (controlled foreign corporation) and NCFC (non-controlled foreign corporation) structures – and a retro program. The NCFC, Palo Verde Holdings, is managed by a board of directors composed of dealer shareholders and has accrued over $330 million in assets since its inception in 1999.
CNA National reinsures warranties, GAP and tire-and-wheel protection in addition to vehicle service contracts. The company has earned multiple awards as “Best Reinsurance Provider” in the Dealers’ Choice Awards, including first-place honors in 2011, 2012, 2013 and 2017.
Originally posted on Auto Dealer Today
More F&I
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →