NextGear Capital is now able to connect clients with a custom-built retail vehicle-protection program aimed at helping independent dealers be more profitable and competitive in the retail automotive marketplace. Leveraging the collective scale of NextGear Capital’s dealer client base, Titan Warranty Administration’s Maximum Vehicle Protection Program offers a dealer-direct protection program exclusively for NextGear Capital clients.
“We are always looking for ways to help our clients succeed, whether it’s through the enhancements we offer or connecting them with other leading brands to further growth and profitability,” said NextGear Capital President Scott Maybee. “In today’s competitive retail automotive space, vehicle protection programs can provide independent dealers another way to make more money on every vehicle sold as well as provide a positive retail customer experience that creates buyer confidence.”
NextGear Capital collaborated with Titan Warranty Administration to bring the idea for a reimagined retail vehicle-protection program from concept to reality. Nearly a year in the making, TWA’s MVP Program offers features such as a custom “Why Buy Here” program that includes discounted products, award-winning claims management technology, limited dealer chargebacks, policy transfers and several other key features that historically have been available only to franchise dealers or very large independent dealerships.
“We are excited to join forces with NextGear Capital to develop a warranty program specifically for the independent auto dealer market. MVP gives NextGear Capital dealers the competitive edge they need to thrive in today's marketplace. With its best-in-class features and competitive value-based pricing, MVP is a win-win for dealers and their customers," said Titan Warranty Administration CEO Rex Lyon.
In addition to reaping the benefits of added profitability on each retail sale and increased customer satisfaction, NextGear Capital clients who take advantage of TWA’s MVP Program will also have the chance to receive additional financial incentives. During the program’s 11-market pilot phase in April, nearly 80% of clients who were approached about the offering enrolled in the program. The MVP Program is scheduled to be available to NextGear Capital clients nationwide beginning in August.
“It’s never been more important for independent dealers to build upon their value proposition by offering customers what they need and making the ownership experience easier for them,” Maybee said.
