Tag Archive | "theft"

Dealership Employee Sentenced for $50,000 Theft


KINGSTON, Pa. — A former employee of Wyoming Valley Motors BMW was sentenced Monday to four years of probation, with the first 12 months to be served under house arrest. The woman, who pleaded guilty in June to a single count of theft, stole $52,500 from the dealership, reports Citizensvoice.com.

Between May 2013 and October 2013, Briana E. Tavaglione, 22, performed 17 unauthorized refund transactions while working as a cashier at the dealership and refunded the money to her own checking account. As part of her sentence, she must pay $44,248 in remaining restitution.

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AllState


Please give us a short background on your company and the broad product categories that you support and sell (VSC, GAP, Theft, etc)

Allstate Dealer Services (ADS), a member of the Allstate family of companies, has over 20 years of experience in the automotive industry. ADS is committed to providing a full suite of Allstate branded F&I products, services, and programs that protect consumers and generate revenue for our partners.

ADS has a nationwide reach of nearly 200 independent agents who supply Allstate branded products to hundreds of dealerships across the U.S. Under the ADS umbrella are five separate, A rated insurance and administration companies that provide services for all of its products. Over the past two years ADS has enjoyed unprecedented financial success and is on track to post impressive numbers again in 2012.

There are many different types of products in the Theft category. Which ones do you support and why?

The Allstate Theft Deterrent Warranty Program currently provides access to four theft deterrent product options: Window Etch Protection, Standard Theft Deterrent Labels, Advanced Tamper-Resistant UV Labels, and Microdot Technology. Allstate designed the Theft Deterrent Warranty Program to support various theft deterrent products. This enables the dealer to customize the program with his preferred product(s).

Theft products have proven to provide value to the customer and dealership as a unique addition to the standard list of F&I ancillary product options.

Which type of Theft products do you not support and why?

Our warranty program is flexible enough to utilize multiple products. We have chosen to offer the products listed above based on dealer and agent feedback.

In which circumstances do you encourage dealers to sell each type of Theft product?

Each dealer has his own value proposition to offer to his customers. Because of this, we offer and support a variety of Theft Deterrent Products and coverage that can be suited to the individual dealer and customer.

How does the future look for Theft products in the F&I Suite and which type of Theft products do you believe will be the most successful?

As technology evolves, products become more sophisticated. In addition to warnings and preventions, they can actually help in locating and recovering a stolen vehicle. Although these options can be more costly, we feel over time, the cost associated with these types of products will come down to levels that we see for traditional products today.

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Administrative Marketing Services


Please give us a short background to your company and the broad product categories that you support and sell.

The Oak Group is the parent company and one of the oldest and most stable companies in the finance and insurance industry. Since 1975, we have been offering a comprehensive portfolio of products and services for automobile dealerships and financial institutions.

Administration Marketing Services (AMS) – a division of The Oak Group of companies – is dedicated to bringing quality F&I products as a trusted, reliable partner to the marketplace.

Our servicing, our training, our products, and our commitment to our clients drives everything we do. This commitment is why we get to know your business and then recommend solutions that will make you and your clients more productive and profitable.

AMS

AMS Product Line up.

  • Lifetime Warranty Programs
  • Theft Deterrent Programs
  • Gap Programs
  • Vehicle Service Contracts
  • Customer Loyalty & Maintenance Programs
  • Tire and Wheel Programs
  • Profit Sharing & Reinsurance Solutions
  • Vehicle Appearance Protection Products

There are many different types of products in the Theft category. Which ones do you support and why?

We support two types of Theft Programs. The first program is our DNA program. It is a permanent tamper resistant label for major body panels of the vehicle. If removed it leaves an image of identification number viewable only with UV light. This system is complete with a warning label for the driver and passenger windows. This is a very clean and easy to install product, in minutes a vehicle is completed. There are no inventory issues, and it is very cost effective to have it preinstalled.

The second type of program we offer is an acid and stencil application for all glass panels of the vehicle, including warning decals for driver and passenger side windows. It too is very easy to install and time efficient. The cost of doing a clients inventory is nominal. These are low cost products with high penetrations. They will build customer retention for your clients.

Which type of theft products do you not support and why?

I like the benefits of our theft products for our clients. They are easy to understand and install, cost effective, and they build customer retention for future sales. This is not just a product to sell, it is a dealership culture. It is a system that from sales to service everyone in the dealership is on board and all will benefit .

In which circumstances do you encourage dealers to sell each type of theft product?

It is the dealer’s choice in which theft system fits their culture. I will say our DNA system is very popular. Its appearance and protection is something the end user can see and get a good feeling.

How does the future look for theft products in the F&I suite and which type of theft products do you believe will be the most successful?

The future is bright for Theft products. There is a real value in the product with the price of vehicles, the cost of insurance, and a benefit if the vehicle is stolen. If you believe in the system, do the proper training, and get support from your provider the dealer will be successful.

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IAS


Please give us a short background to your company and the broad product categories that you support and sell (VSC, GAP, Theft, etc)

IAS aftermarket products include GAP, Theft, Tire and Wheel, Key Replacement, Roadside Assistance, Door Ding Protection, Windshield Repair or Replacement, and Interior and Exterior protection products.

There are many different types of products in the Theft category. Which ones do you support and why?

Window Etching – Theft Avert – Overtly enables quick identification by Law Enforcement as to the owner to prevent the rebirthing of a vehicle simply by changing the VIN plates and door labels.

IAS Anti-Theft Protection IAS Anti-Theft Protection

Vehicle Tracing – Invisible Phantom Footprints – Covertly marks sheet metal to enable verification of ownership of parts using UV markers in multiple locations. Even if the label is removed, the UV mark can be used to identify ownership.

DNA Identification Technology – DataDot Technology overtly and covertly marks 60-80 high value components with microdots. Thus, even the smallest part can be identified. There is no effective way to remove 1000 microdots from the vehicle, making it too hot to handle. Also, the DataTrace in the adhesive is UV sensitive and also resistant to burning. The ceramic micro-particles are basically indestructible.

Which type of Theft products do you not support and why?

GPS Products are not currently supported. We have found that most automotive thefts are parts related. The individual parts of a car are worth more than the vehicle itself in most cases. That’s why it is important to have a suite of products that offers multiple layers of protection. Also, most radio or GPS based products are defeated by removing the power within a garage or parking structure and then removing the device. In addition, triangulation based tracking of cars is impractical as the vehicle is moving, keeping law enforcement one step behind.

Additionally, the one-time cost to enroll in protection is important to many consumers. Many GPS systems require annual renewals which may be expensive.

In which circumstances do you encourage dealers to sell each type of Theft product?

Window etching is the oldest technology and is the lowest cost. Vehicle tracing works well as an upgrade to the etching for windows. DataDot Technology is a next generation product and may be cost prohibitive in some instances (fleet or wholesale operations). Some dealers opt to sell a combination of two which allows for maximum protection for their customers. All of these options are many times less expensive than even the entry level GPS or radio based systems.

How does the future look for Theft products in the F&I Suite and which type of Theft products do you believe will be the most successful?

RFID technology is quickly becoming a reality in parts marking. The RFID markers could be connected to a GPS device. Then if an individual part is taken, the GPS sends a signal to the owner via text or email. Basically, if one part is moved while the remainder of the vehicle is motionless, it activates the signal of potential theft. This technology is 2-5 years away, and may even be incorporated at the OEM level.

Also, OEM’s around the world are participating in the Whole of Vehicle Marking program. These manufacturers find that the theft systems not only prevent theft, but also serve to defend the brand. Counterfeit parts represent a significant safety hazard to unsuspecting consumers buying parts over the internet that may look the same but are made of inferior materials. OEM’s have begun to combat this problem by marking the parts as authentic at the point of manufacturing.

As long as there is vehicle theft, there will be the need for theft products. The most successful dealers preload their inventory with theft prevention products. Also, 18 states require insurance companies provide discounts to their customers if they purchase a theft deterrent system.

The fact is, professional car thieves steal vehicles to chop them up and sell them for parts. Any theft deterrent that aims at devaluing those parts for car thieves will be successful.

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NAE


Please give us a short background to your company and the broad product categories that you support and sell (VSC, GAP, Theft, etc)

National Automotive Experts (NAE) is a full product administrator offering VSC, Gap, Theft, Environmental, Windshield, Dent, Pre-paid Maintenance, Warranty Forever®, Limited Warranties, Key, Tire and Wheel and more. We specialize in assisting our agents and dealers in income development and customized dealership profit centers. Retro, reinsurance and dealer obligor programs are available.

National Automotive Experts

There are many different types of products in the Theft category. Which ones do you support and why?

NAE offers several different Theft deterrent options with various terms, levels of coverage’s and applications. We offer both window etching stencils and metal marking body labels. In addition, we have both standard theft benefits as well as “enhanced” benefits, including deductible reimbursement, car rental, towing and storage benefits and more.

Which type of Theft products do you not support and why?

None that we are aware of. We try to be as flexible as we can and are willing to look at any creative customer benefit for our dealers. If it offers protection to the customer and is a good feature for a dealer to offer, we look to assist in creating a product that meets those requests.

In which circumstances do you encourage dealers to sell each type of Theft product?

We don’t really encourage or discourage a particular product. Each dealer has a preferred approach, term and benefit amount that they prefer. We try to be as nimble and flexible to meet the dealer’s needs.

How does the future look for Theft products in the F&I Suite and which type of Theft products do you believe will be the most successful?

Again, our focus is on creating a program that suits the dealer’s needs. If there is a particular structure that a dealer prefers, we will work to create a program that helps the dealer achieve his/her goals. Our flexibility and creativity is what dealers and agents have come to appreciate.

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SouthwestRe


Please give us a short background to your company and the broad product categories that you support and sell (VSC, GAP, Theft, etc)

SouthwestRe is a provider of automotive F&I products and services. SouthwestRe provides policy and financial administration and is notably one of the most knowledgeable organizations in the reinsurance arena. SouthwestRe offers a full spectrum of F&I products including VSC, GAP, Theft, Appearance, Tire and Wheel and Credit insurance.

SouthwestRe Vehicle REplacemment SouthwestRe Theft Protection

There are many different types of products in the Theft category. Which ones do you support and why?

We offer term benefit and vehicle replacement theft protection options.

Which type of Theft products do you not support and why?

We do not provide any type of application product. We support the insurance coverage behind the product and allow the choice of application i.e. etch or alarm to the customer.

In which circumstances do you encourage dealers to sell each type of Theft product?

Different products work in different markets, our flexibility of insurance and administration gives this choice to the dealer to best decide what the competition is selling and what the market requires.

How does the future look for Theft products in the F&I Suite and which type of Theft products do you believe will be the most successful?

The dealer is able to offer his choice of theft application products to the consumer.

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