Tag Archive | "Automotive"

Alpha Warranty Services Teams with Agent and Dealer to Give Back to Struggling Family After Teen Writes Letter


PHILADELPHIA – Alpha Warranty Services, Inc. continues to support the local community by Delivering the Unexpected to those in need.

Alpha Warranty Services has a long history of being able to partner with their agents and dealers to Deliver the Unexpected to those in need. When Alpha representative Cheryl Barlow learned that Dani’s Auto received a letter about a family in need she immediately knew what to do. The letter from 16-year-old Maiya James, of West Philadelphia, explained that she would watch her mother, Katherine, struggle daily to care for her sister, Mariah. Mariah requires 24-hour nursing care because of her medical conditions including, blindness, cerebral palsy and epilepsy.  Amidst, their struggle, the van used to transport Mariah to doctors’ appointments was unreliable and constantly broke down. After passing the letter on to Alpha Warranty Services, they partnered with Dani’s Auto to provide a solution. Dani’s Auto donated a new wheel-chair accessible van, while Alpha Warranty Services donated a 5-year vehicle service contract and a gift card of $500 to the family to help their situation.

“On the surface Alpha Warranty might appear like any other vehicle warranty company but our employees and partners know we are different.  It’s not just about paying for unexpected auto repairs; it’s about helping our customers through difficult and often stressful situations.  We provide peace of mind and take great pleasure in saving people money and getting them safely back on the road.”, says Darin Ramos, VP of Business Development.

Local Philadelphia TV station WTXF, Fox 29, reported the story as the dealership surprised the family with the donation. The news report can be viewed at http://www.fox29.com/news/234588976-story.

Alpha Warranty Services is built on a foundation of integrity and believes in valuing people over profit. Alpha is based in Salt Lake City, UT with VSC plans available in all 50 states.

For additional information about Alpha Warranty Services, Inc. please visit www.AlphaWarranty.com or contact Darin Ramos at 1.800.662.5519 Ext. 217.

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Wise F&I Launches an Automotive Tire & Wheel Program


Wise F&I is expanding their product suite to include TIREWise, an automotive tire and wheel protection program. A tire and wheel protection program helps to cover consumers from the expense of road hazard damage to their tires and wheels (rims). Road hazard damage can be caused by hitting a pothole, running over a nail or hitting debris on the road. Any of these instances can cause expensive damage to the consumer’s tires and/or wheels. To help protect the consumer financially, TIREWise offers coverage for the tire and wheel, along with additional benefits including: mounting and balancing, 24 hour roadside assistance, rental car reimbursement and trip interruption.

“By offering a tire and wheel protection program we will provide a beneficial product to the consumer for their vehicle, and also round out our product offerings for our agents, dealers and lender partners,” said Matt Croak, President, Wise F&I.

Wise F&I’s suite of products include: TIREWise, GAPWise, WiseCARE, THEFTWise, WiseTVP and KEYWise. All Wise F&I products are available for electronic contracting.

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Spending on New Cars Hits All-Time High, Even as Loans Stretch to Record Lengths


While May might not have brought the big uptick in sales we’ve seen in recent months, preliminary data suggest that automakers took in record revenues, with the average transaction price of new cars, trucks and crossovers sold last month climbing by at least 4%, reports The Detroit Bureau. 

All told, U.S. buyers spent a record $52 billion for their new vehicles in May, in part, due to a sharp, year-over-year decline in incentives, according to several firms that track monthly sales data. A separate study suggested that motorists are covering those higher costs by stretching their loans out longer than the industry has ever seen, an average 67 months.

“New vehicle sector and segment preference indicates consumers are confident about the economy and their finances,” said TrueCar President John Krafcik. “Not only are these shifts to premium brands and utilities telling from an economic indicator standpoint, they signal sizable revenue gains automakers should reap this year.”

The data tracking firm estimated that the typical vehicle had an average transaction price, or ATP, of $32,452, up 4% rom May 2014. Lower incentives played a role, but manufacturers have also seen buyers show more confidence by loading up on options and by trading up to higher-level vehicles. TrueCar estimated sales of premium brands jumped 10.6% during the first four months of 2015 compared to just 4.8% for mainstream brands.

BMW and its Mini subsidiary, saw prices jump in May by 6.5%, according to a separate analysis by Kelley Blue Book. Mazda saw a similar increase, while Ford and General Motors prices climbed a more modest 4.3% and 4.2% respectively. Toyota’s average price rose just 2.3%, even though it trimmed incentives by more than 10%, year-over-year.

With only a handful of exceptions, notably including General Motors, Hyundai and Kia, most makers trimmed rebates and givebacks as the U.S. auto market continued to gain ground. And analysts noted that the modest overall sales numbers for May actually misrepresent the market’s momentum, as the peculiarities of the industry’s reporting system counted fewer so-called “sales days” last month than in May 2014.

The surge in spending also reflects a year-long shift from fuel-efficient small cars and alternative-power vehicles to larger passenger cars, pickups and SUVs.

“With the national average price of gasoline down nearly a dollar per gallon on average from one year ago, truck and SUV demand remains strong, elevating average transaction prices,” Karl Brauer, senior analyst for Kelley Blue Book, said in a statement.

The steady climb in new car prices might come as a surprise to those worried about relatively stagnant middle-class earnings and the rising wealth gap. In reality, most new car buyers today register on the upper end of the middle-class spectrum. Even for compact cars, industry research often shows household income levels approaching six figures.

And buyers are simply stretching out their purchases to hold down monthly payments – while also encouraged by continuing low interest rates. Gone are the days of three and even four-year loans. Borrowers extended their loans terms during the previous quarter to 67 months on average, longer than ever for new cars, according to Experian Automotive.

“While longer term loans are growing, they do not necessarily represent an ominous sign for the market,” said Melinda Zabritski, Experian’s senior director of automotive finance.

On the plus side, the trend allows consumers to buy more vehicle without busting the household budget. On the downside, however, it means they likely have to keep those vehicles longer in order to avoid being upside-down on loans when trading in, cautioned Zabritski. That could foretell slower future growth of the automotive market.

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Audi Wants to Grow Even After Reaching 2015 Goals


INGOLSTADT – Volkswagen AG’s Audi division aims to continue expanding even if it achieves its goal of selling 1.5 million cars a year by 2015 and becoming the world’s No. 1 luxury brand.

“Of course we don’t want to stop there,” Audi CEO Rupert Stadler told Automotive News Europe Executive Edition in an interview to be published Tuesday, February 22, reported Automotive News Europe.

Stadler said Audi has other key targets as part of its strategic roadmap. “Profitability is one of them but not the only important one. Customer satisfaction and quality are other important goals. We want to become the most successful premium brand and this means that all these targets have to be ‘premium,” Stadler said.

Audi urgently needs more production capacity within the next four years to reach the sales goals. Stadler said. “In Hungary we will add an additional capacity of 125.000 units as of 2013. This year the Audi Q3 has its run up in Martorell in Spain with a maximum capacity of 100.000. And we will make a decision on an U.S. facility until 2015.”

Stadler said China will be Audi’s top market with Germany as number two and volume increasing in the United States. “I think that our volume in the U.S. market can grow 50 percent over the next five years and that we can reach 200.000 units per year after 2015.”

The UK will be Audi’s fourth-largest market, followed by Italy at number five, Stadler said.

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