agent Entrepreneur logo
MenuMENU
SearchSEARCH

APC: Post-Sale VSCs Spike as Dealers Shift Gears

APC executives report significantly higher response and close rates for second-chance service contracts in March and April, when stay-at-home orders suppressed vehicle sales and F&I production.

June 29, 2020
APC: Post-Sale VSCs Spike as Dealers Shift Gears

APC executives report significantly higher response and close rates for second-chance service contracts in March and April, when stay-at-home orders suppressed vehicle sales and F&I production. 

Photo by Rido via Shutterstock

2 min to read


CHESTERFIELD, Mo.— Sales of vehicle service contracts post-sale first spiked in March and then again in April and May as auto dealers slashed marketing budgets and shifted focus to existing customers, according to new data from Automotive Product Consultants (APC).

The moment the pandemic hit, we saw response rates and close rates go up as customers were sitting at home, reading and responding to marketing from their dealers.

Ad Loading...

APC executives said sales of its second-chance service contracts improved by 64% in March, the highest year-over-year gain since the current agent-dealer program was launched in 2006. Strong sales continued with year-over-year increases of 39% in April and 31% in May.

Conversely, U.S. new vehicle sales fell by 46% in March, 50% in April and 30% in May as the nation adjusted to stay-at-home orders intended to limit the spread of the novel coronavirus, according to estimates compiled by Automotive News.

“The moment the pandemic hit, we saw response rates and close rates go up as customers were sitting at home, reading and responding to marketing from their dealers,” said APC President Kyle McEvoy. “In addition, we’ve seen F&I agents — many of whom had their windshield time taken away — now urging dealers to adopt the program to pick up incremental post-sale revenue at a time when it’s sorely needed.”

Dan Haugen, CSO of Portfolio, a longtime APC partner, said his company reminded its agent network about the program in a mid-April bulletin.

“The response was highly encouraging and we are looking forward to seeing the long-term results,” Haugen said. “The more car buyers we can protect, the better, and the current environment demands ingenuity.”

Ad Loading...

Originally posted on F&I and Showroom

More F&I

Joel Kansanback standing on green backlit stage at Agent Summit
F&Iby Hannah MitchellAugust 18, 2026

Get Ahead of the Change

A strong culture, among other things, will be a key differentiator for auto dealerships as the market speeds ahead to new heights, says industry veteran Joel Kansanback.

Read More →
Photo of a man in a suit shaking hands with a man across a desk
F&Iby David R. IbarraAugust 13, 2026

F&I Without the Handoff

Get more familiar with what your dealer clients are really buying when they entrust you with finance-and-insurance.

Read More →
white background with white car and stacks of coins
F&Iby Lauren LawrenceAugust 6, 2026

Affordability Shapes Auto Demand

Auto originations increased 1% in the first quarter, and electric vehicles are rebounding, according to TransUnion's latest credit report.

Read More →
Ad Loading...
Two businessmen shaking hands as one holds an electronic pad
F&IAugust 1, 2026

The Evolution of Agency Development in Modern F&I

General agents have a different roadmap for success than their predecessors. It will pay for them to follow it in order to be true dealer partners.

Read More →
Tiny toy car falling out of jar of coins. “The $1K Payment”
F&Iby Lauren LawrenceJuly 17, 2026

Four-Figure Loan Payments on the Rise

A LendingTree analysis found that location, age and credit score play a role in the rising amount of auto loan borrowers who make monthly payments of $1,000 or more.

Read More →
Headshot photo of smiling businesswoman
F&Iby StaffJuly 14, 2026

APCO Holdings Acquires Fidelity Dealer Services

The finance-and-insurance product provider says the addition strengthens EasyCare’s reach across key markets.

Read More →
Ad Loading...
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Red toy car sitting on top of coins.
F&Iby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Two men and a woman on stage in discussion
F&Iby StaffJune 19, 2026

Ensure Your Clients Are Sure About Reinsurance

Industry experts recently broke down the complicated profit center at Agent Summit. Learn what’s relevant and what’s new to share with your dealers.

Read More →
Ad Loading...
Photo of paper money bills, a calculator, notepad and pen
F&Iby Hannah MitchellJune 11, 2026

Car Loans More Plentiful

May access opens up, as risk segments figured largely in the increased availability, Cox Automotive reported.

Read More →
Ad Loading...