Tag Archive | "tire and wheel"

CNA National Distributed More Than $41M to Dealers in 2017


SCOTTSDALE, Ariz. — CNA National Warranty Corp. (CNAN) returned more than $41 million to dealers across the United States last year through its various participation programs, bringing its inception-to-date total to more than $452 million.

“This marks the third consecutive year that we have paid out more than $40 million to our dealers,” said CNAN President and CEO Joe Becker. “This level of consistency demonstrates the dependability that our dealers expect and deserve from our retro and reinsurance options.”

With CNAN, dealers can choose the participation program that best meets both their business and individual financial goals. The company offers a retro program as well as reinsurance, including controlled foreign corporation (CFC) and noncontrolled foreign corporation (NCFC) structures.

The company’s NCFC, Palo Verde Holdings, is managed by a board of directors made up of dealer shareholders. Since its inception in 1999, it has accrued more than $273 million in assets.

CNAN 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 Auto Dealer Today’s annual Dealers’ Choice Awards, including first-place honors in 2011, 2012, 2013, and 2017.

Posted in Auto Industry NewsComments Off on CNA National Distributed More Than $41M to Dealers in 2017

Dent Wizard Rolls Out New F&I Programs


ST. LOUIS – Dent Wizard International is expanding beyond the appearance protection menu offerings it’s known for with the introduction of three new F&I programs.

The new lineup begins with AlwaysNu, which features base coverage for road hazard tire-and-wheel, cosmetic wheel repair, roadside assistance service and rental car reimbursement of up to $50 per day. Customers have the option to add any or all of the following coverages: dent repair with a hail benefit; windshield repair; interior repair; and key protection featuring Tile technology.

Tile uses Bluetooth to communicate with an easy-to-use companion app on a smartphone or tablet.

The F&I product provider also rolled out Nu Key, a key protection product featuring Tile, key lockout service, roadside assistance and rental car reimbursement of up to $50 per day.

Also included in the rollout is Ding Shield One, which features base coverage for dent repair, plus a hail benefit and rental car reimbursement of up to $50 per day. Buyers can also add cosmetic wheel repair; windshield repair; interior repair; cosmetic bumper repair; and key protection featuring Tile.

“These new F&I programs allow us to apply our proven customer service, product reliability and technician expertise beyond cosmetic reconditioning,” said Lindsey Bird, Dent Wizard’s senior vice president of F&I. “F&I managers can now offer their customers more of the right choices in easy-to-buy programs that let them drive off the lot with greater peace of mind. Customers are protected from the unexpected incidents that affect the safety, appearance, operation, and value of their new purchase.”

Posted in Auto Industry NewsComments Off on Dent Wizard Rolls Out New F&I Programs

Diamondbrite N.A. Now Approved Provider on Universal Lenders’ The Zero Plan


OAK PARK, Ill. — Environmental protection products distributor Diamondbrite N.A. and Universal Lenders LLC, creator of The Zero Plan, announce that they will be working together to offer financing solutions to auto dealers.

According to officials, the partnership will allow dealers to provide their customers who purchase Diamondbrite N.A. products, including lifetime warranted paint, fabric, wheel, and leather protection, with premium financing through The Zero Plan.

“The team at Universal Lenders is excited to be partnering with Diamondbrite N.A., which we recognize as a leader in our industry,” said Jeff Jacobs, president of Universal Lenders LLC. “The Zero Plan will offer Diamondbrite N.A. dealer clients a powerful closing tool utilizing zero percent financing that is typically not available for non-cancellable products.”

Universal Lenders’ Zero Plan offers funding to dealers in seven days, provides a collection program to limit cancellations, and expands the list of eligible products for dealers to finance, including tire-and-wheel and other ancillary F&I products.

Posted in Auto Industry NewsComments Off on Diamondbrite N.A. Now Approved Provider on Universal Lenders’ The Zero Plan

Dent Zone Forms New Product Division


IRVING, Texas — Dent Zone Companies announced the creation of AutoBodyguard Inc., a new division offering a complete line of automotive appearance programs and vehicle protection products.

The new brand will offer interior and exterior vehicle protection, as well as tire-and-wheel protection, windshield, automobile deductible reimbursement and paintless dent repair.

“The creation of this division puts us in a position to provide a comprehensive portfolio,” said Troy Good, Dent Zone president and CEO. “We are now able to offer a full suite of products designed to provide consumers with the best vehicle protection available while supporting dealers’ profitability objectives.”

In preparation for the launch, AutoBodyguard acquired Trident Protection Systems, one of the early pioneers in the use of nanotechnology for interior and exterior automotive protection products. AutoBodyguard now manufactures all chemicals for its protection products in its new, state-of-the-art facility in Irving, Texas.

Serving as president of the new division is John Martin, a 40-year industry veteran. He began his career working for his father’s company, which became a distributor for CalTex Protective Coatings before it was sold to the chemical provider. He held several leadership positions while with the company, including executive vice president of corporate development. He also served as chairman of the company’s board of directors.

“Trident was a great addition for us in many respects,” said Martin. “Not only did they have a loyal customer base with strong revenues, their nontoxic product formulations, particularly in nanotechnology used in exterior paint protection, have been consistently among the best in the industry.”

AutoBodyguard is currently developing an indirect distribution channel through top performing agents under the leadership of Christine DeGuglielmo, who serves as vice president of sales. DeGuglielmo brings more than 30 years of industry experience in automotive sales and F&I, including 14 years in the chemical protection business.

“We now have the right products to complete the AutoBodyguard brand and the right leadership in place to drive it,” said Good. “We are expecting growth in the next year to be exponential.”

In addition to the automotive industry, AutoBodyguard products will be available for the recreational vehicle and powersports marketplaces. For more, visit www.autobodyguard.com.

Posted in Auto Industry NewsComments Off on Dent Zone Forms New Product Division

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.

Posted in Auto Industry NewsComments Off on Wise F&I Launches an Automotive Tire & Wheel Program

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


NORCROSS, Ga. — EasyCare recently launch a full suite of F&I products geared toward the recreational vehicle market. Protections include road hazard tire-and-wheel protection, GAP, limited warranty and vehicle service contracts.

According to officials with EasyCare, a “MOTOR TREND Recommended Best Buy,” three out of 10 RV’s will require some type of major repair by their second year on the road.

“We’re so excited to now offer our dealers a full suite of EasyCare RV benefits and services. Our primary goal is to help our dealers succeed. With over 30 years of expertise consulting and supporting our dealers, we understand how critical it is that our benefits are designed to enhance their customer’s ownership experience so they return for future service and sales,” said Walt Burns V, national brand manager for EasyCare RV. “And now, more consumers will enjoy their RVs with the peace of mind that our quality benefits offer.”

In addition to offering MOTOR TREND recommended benefits, EasyCare’s benefits are backed by “A-” or better rated insurers. The company is also a member of the Recreational Vehicle Dealers Association (RVDA) and the Recreational Vehicle Industry Association (RVIA).

For more information, visit www.easycare.com/rv.

Posted in Auto Industry NewsComments (0)

Page 1 of 212