CARY, N.C. and WESTERVILLE, Ohio — CarMark Certified, a
warranty program that provides CPO warranties to all vehicle brands, based in
Cary, N.C., will be administered nationally by NAC (National Auto Care) of
Westerville, Ohio, beginning Jan. 1. The partnership was announced today jointly
by the two companies.

The CarMark Certified brand is owned by POADA LLC and was
launched in 2010 as a complement to manufacturer-based CPO programs.  It currently is offered by dealers in 14
states.  

The CarMark Certified limited warranty provides either a
12/month-12,000-mile warranty from sale date or a 72-month/100,000-mile
warranty from in-service date.

CarMark Certified appeals to franchise dealers as a way of
providing a CPO product on non manufacturer-affiliated vehicles in inventory
and to independent dealers as a way to offer CPO vehicles for retail.

"We are very pleased to begin a new relationship with NAC,
one of the industry's most respected vehicle service contract and warranty
companies," said POADA's Bill Zadeits in making the announcement.  "We have been impressed with NAC's commitment
to excellence.  They have a long and
proud history of providing a beneficial service to the benefit of both dealers
and consumers."

"NAC fully understands the benefits of Certified Pre-Owned
and the value proposition it brings to both dealers and consumers. We are
excited to partner with CarMark Certified not only to help continue to grow
what has been created but to add on and create a turn-key solution for our
mutual customers nationwide, says Christina Schrank, President of NAC."

NAC will begin administering the CarMark Certified program
on Jan. 1 and will be responsible for providing warranties for any contract
written after that date.  Contracts
written prior to that date are the responsibility of the current administrator.

About POADA:  POADA is
one of a network of companies based in Cary.
In addition to CarMark Certified, POADA also offers CarMark Auto
Finance.  POADA's sister companies
include Cherokee Automotive Group, publishers of Auto Remarketing NewsMagazine
and SubPrime Auto Finance News, as well as the producer of national
automotive-related conferences; and S&A Cherokee, a full-service public
relations and marketing company.

About NAC: Founded by dealers for dealers, NAC administers
and markets tailor-made programs for agents, dealers, and financial
institutions nationwide. Established in 1984, NAC is known for their
family-based business approach, willingness to listen, longstanding
partnerships, and dedication to meeting client needs. For additional
information, please visit www.nacsolution.com.

Continue the conversation with SubPrime Auto Finance News on LinkedIn and Twitter.

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