Warrantech Consumer Product Services Announces 1.2 Million C

1. Warrantech Consumer Product Services Announces 1.2 Million Customers Purchased Service Contracts in 2009 Warrantech Consumer Product Services (CPS), a subsidiary of Warrantech Corporation, today announced sales of over 1.2 million extended warranties for the calendar year ending 2009 – a 70 percent increase in contract sales compared to 2008. Accordingly, the jump in unit sales caused gross revenue to rise 66 percent above the comparable year-end 2008 figure. Robust increases in the sale of service contracts for appliances, and electronics, and its entry into offering extended warranties on furniture drove the positive financial results “For most companies, 2009 was a challenging year,” said Joel San Antonio, CEO of Warrantech Corporation. “In spite of a sagging economy, Warrantech set some aggressive goals for the year, and the CPS team redoubled their efforts, achieving phenomenal growth in sales and dealer base in 2009. By any measure, these results set a record for this division.” Despite an ailing economy, Warrantech added 1,800 dealers in 2009, giving the company 2,300 outlets in the United States as of Dec 31, 2009. During this period, the CPS group more than tripled the number of retailers, manufacturers, and distributers selling the company’s full line of service contract offerings.

2. “This year, we pulled out all the stops,” said Sean Hicks, who led the charge for Warrantech CPS. “Our ability to execute programs with our buying group partners was a primary driver behind this growth. Not only did we sign a record number of new retailers, but we also found innovative ways to help support our dealer base.” During 2009, Warrantech launched “Successful Selling,” a monthly series of “how to” flyers that is distributed to all 2,300 retailers which provides these retailers tips on creative ways to market service contracts. In addition, the company continued to roll out innovative enhancements for WCPSOnline, the company’s cutting edge internet reporting and processing system. The latest generation of WCPSOnline gives dealers instant access to streamlined sales and claims reports, plus automated repair orders – all in real time.” Just this year, WCPSOnline has added another new reporting feature, Dealer Loss Experience, a high-tech solution that analyzes specific dealer portfolio loss history. This report provides valuable information to dealers enabling them to understand the key drivers that help dealers minimize problem areas and maximize long-term profitability.

3. “Warrantech’s ability to achieve this level of growth is a testament to the reliability of our products, the quality of our customer service and hard work of our employees,” noted San Antonio. “At Warrantech Consumer Product Services, 2009 was a great year!” For more information about Warrantech free visit here:-http://www.linkedin.com/company/warrantech Article resource:-http://warrantechbedford.blogspot.in/2014/07/warrantech-consumer-product-services.html