Preferred Warranties Inc. Opens Markets in Four States

Preferred Warranties Inc. (PWI), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc. (NYSE: KAR), announces that it has expanded into the Los Angeles, Minneapolis, Alabama and Mississippi markets with dedicated sales consultants in those locations.

“PWI is growing — we’re a national organization and this expansion supports our growth strategy of ensuring we have boots on the ground in all the states we operate in,” said Edmund Field, president of PWI. “We’re focused on developing the South and West markets, providing our dealers with experienced automotive remarketing professionals to work with them and find solutions that meet their unique needs and the individual needs of their customers.”

The staffing buildup includes two sales consultants in the Los Angeles market, one in Minneapolis and one covering Alabama and Mississippi. The enlarged sales team follows the recent appointment of Allison Marley as vice president of sales for PWI.

“Extended service contracts provide peace of mind, inspire customer confidence and are a valuable revenue generator for dealerships,” said Marley. “The additional revenue generated from writing extended service contracts is critical to the overall health and wealth of a dealership, and we’re pleased to offer our dealers a wide variety of programs to drive overall profitability and value for their customers.”

Established in 1992, PWI offers extended service contracts to more than 3,000 independent automotive dealers. With a full menu of service contracts and extensive coverage levels, PWI products drive high levels of confidence, value, and revenue for partner dealers. To supplement product offerings, PWI provides best-in-class service and training to assist dealers with selling these products, which in turn creates value and enhanced satisfaction for their customers. For more information, please visit www.warrantys.com.