capture a greater share of wallet<\/strong> by meeting their customer\u2019s economic and vehicle protection needs.<\/p>\nEFG custom-developed Best ReGuards according to the needs of the independent dealership\u2019s customer base by focusing on the most critical components of a used vehicle<\/strong> that are often the most costly to repair:<\/p>\n\n- Transmission<\/span><\/li>\n
- A\/C<\/span><\/li>\n
- Engine<\/span><\/li>\n
- Electrical<\/span><\/li>\n
- Seals\/Gaskets<\/span><\/li>\n<\/ul>\n
According to \u201cFORBES\u201d, many consumers are spending as their incomes rise, but are unwilling to borrow more money than absolutely necessary<\/strong>. When weighing the pros and cons of purchasing a used car with more years and higher miles, customers of independent dealers are concerned with not only price, but what the dealership can offer them at a reasonable price that others don\u2019t, such as consumer protection products. These consumers may not be able to afford a traditional vehicle service contract, but they are still very interested in purchasing mechanical breakdown protection for their vehicle.<\/p>\nIndependent dealerships are well positioned to tap into this growing consumer market. NADA predicts 2014 used car sales to top 42 million units nationwide<\/strong>, setting the stage for more intense competition.<\/p>\n\u201cThe independent dealership segment provides EFG a strategic opportunity to take what we\u2019ve done extremely well for 37 years and immediately answer a rapidly-growing demand in the market,\u201d said John Pappanastos, President and CEO of EFG Companies.\u00a0 \u201cOur products give independent dealers a more valuable toolkit to address each customer\u2019s specific need when it comes to taking care of their vehicle and protecting their pocketbook.\u00a0 We also act as a very strong extension of the dealer\u2019s customer service through our in-house claims administration group that operates according to above-industry standard target SLAs.\u00a0 This translates to enhanced customer retention and loyalty<\/strong>.\u201d<\/p>\nBill Gusa, Managing Partner of Olympic Dealer Marketing, worked closely with EFG on the development of Best ReGuards. \u201cAs supply is expected to outpace demand in 2014, our independent dealership partners needed to expand their product portfolio,\u201d Gusa said. \u201cConsidering how few independent dealers have the access to provide F&I products, our desire was to give our clients the opportunity to increase their product portfolio and generate greater profits by providing a quality consumer protection product<\/strong>.\u201d<\/p>\nEFG plans to launch a Best ReGuards limited powertrain warranty companion product in the second half of 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"
Specialized VSC Provides New Avenue into Under-Served Consumer Market EFG Companies, the innovators behind the award-winning Hyundai Assurance program, announced today the launch of a new product designed to increase […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[2,7],"tags":[132,14,69,313,315,109,13,133,134,60,45],"class_list":["post-499","post","type-post","status-publish","format-standard","hentry","category-efg-companies","category-fi","tag-best-reguards","tag-consumer-protection-products","tag-efg","tag-efg-companies","tag-fi","tag-fi-products","tag-finance-insurance","tag-independent-dealers","tag-independent-dealerships","tag-vehicle-service-contract","tag-vsc"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7hsqu-83","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/comments?post=499"}],"version-history":[{"count":2,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/499\/revisions"}],"predecessor-version":[{"id":501,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/499\/revisions\/501"}],"wp:attachment":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/media?parent=499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/categories?post=499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/tags?post=499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}