CNA National Announces Alliance with RoadVantage
Scottsdale, Ariz. (PRWEB) September 04, 2013 -- CNA National (CNAN), an industry leader in vehicle service contracts and reinsurance programs, has announced an alliance with RoadVantage, innovative provider of F&I programs, to market a full suite of ancillary products to dealerships nationwide.
Its parent insurance company, CNA, will underwrite RoadVantage’s line of F&I products including both bundled and standalone products such as door ding protection, key replacement, interior repair, theft protection, windshield repair and more.
“Ancillary products have gained significant traction in our industry and are helping dealerships by providing much needed income as margins on vehicle sales have shrunk over time,” says Joe Becker, president and chief executive officer of CNA National. “RoadVantage has the suite of products our clients have been looking for, offered by a company that we believe shares our values for superior customer service and product quality.”
With seasoned industry veterans at the helm, integrating cutting-edge technology to develop an innovative approach to claims administration, F&I integration and marketing tools, RoadVantage expects to continue expanding its market share by aligning with CNA National. Its full suite of ancillary products is sold individually and “bundled” into packages that are easily incorporated into F&I menus.
“In the two years since its inception, RoadVantage has experienced exponential growth and this alliance with CNA National will further accelerate our expansion,” says Garret Lacour, president and chief executive officer for RoadVantage. “CNA National’s distribution network and excellent industry reputation will enable us to advance our goal of driving greater value to dealerships and all stakeholders nationwide.”
About CNA National Warranty
Founded in 1982 and headquartered in Scottsdale, Arizona, CNA National is recognized as a leader in the vehicle service contract industry. The company offers a choice of reinsurance structures (both CFC and NCFC) as well as GAP coverage and tire-and-wheel protection. CNAN was the first service contract company recognized for “Highest Overall Dealer Satisfaction” by J.D. Power and Associates* and has been named a “Best Provider” in Auto Dealer Monthly’s Dealers’ Choice Awards for nine consecutive years (2005-2010 and 2012-2013 for service contracts and 2011-2013 for reinsurance). CNAN has had the exclusive endorsement of the American International Automobile Dealers Association (AIADA) since 1995. It is a wholly owned subsidiary of CNA, one of the nation’s oldest and largest insurers with $55 billion in assets.
Learn more at http://www.cnanational.com.
About RoadVantage
Vantage Administration Services, LP with its RoadVantage® branded suite of products, is led by F&I industry veterans focused on one goal: building a better automotive aftermarket ancillary product company, from the ground up. Unencumbered by legacy systems, in-force contracts, obsolete products or out-of-date processes, the RoadVantage team started with a clean slate, leveraging new technology and a streamlined approach to develop truly innovative products and the highest level of customer experience—driving value and profit for all stakeholders, and setting a new industry standard in the process. RoadVantage offers a full portfolio of ancillary products nationwide through certified agents and is headquartered in Austin, TX with regional offices in Dallas, TX; Phoenix, AZ and St. Augustine, FL.
Learn more at http://www.roadvantage.com.
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- J.D. Power and Associates 2003 Dealer Service Contract Satisfaction StudySM based on 5,053 dealer evaluations, http://www.jdpower.com.
Melissa Anderson, RoadVantage, http://www.roadvantage.com, 855.955.7623, [email protected]
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