CNA National and RoadVantage Form Alliance to Promote VSCs, F&I Programs and More
SCOTTSDALE, Ariz. — CNA National, a provider of vehicle
service contracts and reinsurance programs, recently formed an alliance with F&I
program provider RoadVantage.
The companies are joining forces to market a full suite of
ancillary products to dealerships nationwide.
Officials explained 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," said 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," Becker continued.
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.
RoadVantage's 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," said 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," Lacour went on to say.
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