Scottsdale, Ariz. — CNA National Warranty Corp. returned more than $30 million to automobile dealers across the U.S. for 2012 through its various participation plans. Since its founding, CNA National has returned more than $261 million to dealers through participation plans.

“Our dealer participation programs have been the foundation of our success for over three decades,” says Alan Miller, senior vice president of sales. “Our partnership with our dealers is further solidified by our association with professional, independent agents who have the vital role of maintaining the relationship on a day-to-day basis.”

“The capital dealers receive from our dealer participation plans is used to not only enhance their businesses but it also benefits their local and regional economies,” said Joe Becker, president and CEO. “We are proud to be part of a process that ultimately benefits both small and large businesses.”

Dealers choose CNA National’s participation plans because they can select the program that best serves both their business and individual income development goals. By offering controlled foreign corporations (CFC) and non-controlled foreign corporation (NCFC) structures, CNA National has distanced itself from industry competitors in the reinsurance market, and in 2012 was recognized as “Best Provider” for reinsurance with the Auto Dealer Monthly’s Dealers’ Choice Award.

“Our business model for our dealers has proven to be a success, regardless of the economic climate,” says Miller. “We will continue to work with dealers to prove our value to their long-term success.”

About the author

Toni McQuilken

Editor

Toni McQuilken is the managing editor for AE Magazine and P&A Magazine. She has a decade of editorial experience in the trade publishing world, across several industries, including print and graphics, as well as hospitality and technology. To contact her, e-mail [email protected].

View Bio
0 Comments