PHILADELPHIA (PRWEB) March 30, 2018
Ivy League International, Ltd., the parent company of AA Auto Protection, is celebrating 29 years in business by actively pursuing growth opportunities. With the vehicle service contract (VSC) industry poised for substantial growth in the next six years, the company is looking to take advantage of this trend.
“We are very happy to celebrate this significant milestone,” stated James Fortino, COO of AA Auto Protection. “We’re also excited about taking the business to the next level by potentially joining in on the mergers and acquisitions currently happening in the industry.”
Ivy League International sold vehicle service contracts in dealerships between 1989 and 2003. In 2004, they launched the direct to consumer platform known today as AA Auto Protection. Over the past 39 years, Ivy League International has been a stable, innovative force in the vehicle service contract industry where many other businesses have struggled or faltered.
AA Auto Protection has maintained an A rating with the Better Business Bureau (BBB). The company attributes this to top notch customer service. They have also emphasized working hand in hand with the BBB to come to satisfactory resolutions for customers.
From the beginning, AA Auto Protection has utilized systems that have helped them stand out and succeed within the industry. They were one of the first companies to allow consumers to purchase vehicle service contracts online without needing to talk to a salesperson. They have also brought in the necessary technology so that their sales force has the flexibility to work remotely. And in 2005, they implemented A.I. within their software to provide customers with the best possible pricing options. As the industry has changed, they have strived to implement those changes to ensure the best possible experience for their employees as well as their customers.
According to a recent report by investment banking firm, Colonnade Advisors, the vehicle service contract industry totals at $33 billion in yearly sales. This figure represents a large and important component of overall automotive sales and profitability.
Since 2010, more than 40 companies in the VSC industry have changed ownership, which reflects the trend towards healthier, well-run businesses. Vehicle service contract sales are also on the rise for both new and used cars causing private equity firms to take notice. A positive outlook through 2024 is also spurring increased acquisitions and investments throughout the industry. These factors are expected to lead to increased product distribution and improve sales and revenue margins.
“We see 2018 as a historic year for our company,” says Daniel Rorapaugh, owner and founder of AA Auto Protection. “With the changes going on in the industry, we expect many opportunities to come our way.”
Mr. Rorapaugh started his venture into entrepreneurship at an early stage. He attended Neshaminy High School in Langhorne, Pennsylvania, where they offered an entrepreneurial program. Members of this program attended school for half the day, then worked for a local business for the remainder of the day. The company Mr. Rorapaugh worked for made dog collars, and he assisted in the engineering of the machine that made the actual collars. It was this experience that led him to start his own business and consistently seek out additional entrepreneurial opportunities.
Ivy League International seeks to benefit from the positive trends occurring in the industry. Their goal is to become a driving force within the industry while continuing to grow and expand their business.
For more information about AA Auto Protection, visit https://www.aaautoprotection.com/.
About AA Auto Protection
AA Auto Protection, whose parent company is Ivy League International, Ltd., is a vehicle service contract broker who is dedicated to helping their customers obtain the highest possible level of coverage within their budget. The company originated in 2004 and is highly committed to providing honest and fair service to consumers. To this day, they are one of the few companies that work directly with consumers online to protect them from unexpected and often expensive auto repair costs.