ACC WARRANTY NEWS, EVENTS and PRESS RELEASES:

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Atlanta Company Buys ACC Finance

Date: Monday, February 19 2007

ACC Finance, a subprime auto lender, has been sold to CompuCredit Corp., an Atlanta finance company.

CompuCredit, which announced the sale Feb. 2, did not disclose the price it paid, but said ACC currently services about $275 million in auto finance receivables.

The company buys and services auto loans made by dealers to borrowers with limited or past problems with their credit histories. The firm did much of its business through credit unions, which have tightened up underwriting standards in the wake of the failure of major auto lending entities.

In conjunction with the acquisition of ACC, CompuCredit also purchased a $195 million auto loan portfolio from Patelco Credit Union.

For the third quarter of last year, CornpuCredit reported net income of $38.8 million compared with net income of $52.7 million for the like period of 2005. The firm's managed portfolio as of Sept. 30 was $2.7 billion, up from $2.4 billion at the third quarter of 2005.

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05/22/2007 - ACC Warranty Services Group is pleased to announce that a former executive of American Honda Financial Services has joined us as a senior consultant in the Indianapolis, IN office to apply his extensive automotive industry consulting and business experience.

ACC Warranty Services Group provides service program and warranty consulting services to the automotive, RV, and limousine industries at the dealer and manufacturer levels along with consumer level products and support. ___________________________________________________________




04/25/2008

ACC EXPANDS PRODUCT LINEUP TO INCLUDE FULLY INSURED A RATED AUTO WARRANTY AND POWERSPORTS WARRANTY

INDIANAPOLIS, IN — ACC Warranty Services Expands Product Lineup. ACC Warranty Services Group is pleased to now offer Auto, Truck and Powersports Warranty in addition to our industry-best RV Warranty Programs. The new programs are fully backed by an admitted A rated insurance carrier (Not an RRG) and are being marketed through dealers in most states.

"The addition of these new product lines and our recent online claims process will allow ACC to take full advantage of all additional opportunites in the marketplace." "We forsee another record year of growth in light of the overall downturn in our markets due to today's consumers holding on to their vehicles for longer periods of time."

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Indianapolis, IN 05/13/2009

– The ACC Warranty Group, www.ACCWS.com, has announced a multi-year agreement to provide zero percent interest consumer financing through its ACC Sales-Finance unit. The ACC Finance program is unique in today’s marketplace due to the fact that it is guaranteed to all consumers with no credit check and offers a zero percent interest rate for twelve months.

The private label financing program provides special credit allowances that simplify payment options on initial and on-going purchases. Key benefits of the program include no annual fees, 24-hour account access, online payments, zero percent interest and low minimum monthly payments. In addition, the program is fully transferrable.

“ACC now has the best consumer-oriented RV warranty program we have seen,” said Scott Ring. “It is extremely fair, attractive and sensitive to the current needs of RV dealers and most importantly existing RV consumers.

The combination of ACC’s depth of buying, low prices and now free financing will materially increase the opportunity for our dealers and partners to deliver warranty products to families across America.”

“This finance option is also approved for use in conjunction with the recently launched ACC Monaco Coach warranty program, the ACC Country Coach warranty Program, and the ACC Fleetwood warranty program in response to the Chapter 11 filings by those manufacturers.”

According to the RVIA, more than 1.2 million RV’s have been shipped to dealers during the past 4 years. With the current economy, more and more consumers are putting off trading for a new unit and are now out of factory warranty coverage. When you combine those numbers with the amount of RV’s built by manufacturers who are no longer in business, there is a great opportunity for ACC to step in and fill a large vacuum in today’s RV market.

“An extended warranty ensures years of trouble-free ownership without the fear of unexpected repair costs,” said Louis Pagliarini, vice president of sales for GE Money. “Consumers who maintain warranty coverage are proven to enjoy a better ownership experience.”

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Norcold Recall - Norcold RV Refrigerator Recall - Norcold RV Recall

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MAHINDRA VEHICLES TO HIT U.S. AUTO MARKET IN 2009 WITH 4 YEAR BUMPER TO BUMPER WARRANTY

05/15/2009 - A new generation of clean-burning, diesel-powered vehicles is poised to take on the American market this year. Mahindra of India will offer a free, four year bumper to bumper warranty designed by a US warranty consulting firm. The decision to bring in an outside firm was made in order to optimize the warranty for the American marketplace. ACC Warranty Group (www.accws.com) was chosen for its grass-roots level contact with dealers, manufacturers and consumers alike.

The Mahindra Group (www.mahindra.com), one of India’s largest industrial concerns, produces a comprehensive variety of cars and trucks, including a new line of value-priced diesel-powered pickup trucks which, when they launch in the fourth quarter of 2009, will be first Indian-made motor vehicles to debut in the United States. The company is planning to provide all vehicles with a four-year/60,000-mile, bumper-to-bumper warranty.

“The U.S. continues to be the world’s most important automotive market in terms of size, growth and opportunity,” said Dr. Pawan Goenka, president of Mahindra’s Automotive Sector. “Mahindra’s entry into the U.S. auto market is a significant step not just for our company, but for India. We look forward to working with our importer, Global Vehicles, and its impressive dealer network to make Mahindra a U.S. success story.”

Over the past few years, Mahindra has methodically expanded its footprint beyond India. The growing demand for its vehicles and the need for local representation to better address foreign markets led to the establishment of Mahindra South Africa and Mahindra Europe (in Italy), as well as distributorships in other countries. In addition, Mahindra assembles its vehicles in Brazil, Egypt and Uruguay for the respective markets.

Additionally, the company recently signed joint ventures with Renault to produce vehicles for its domestic market and selected export ones.

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May 29, 2009 - The ACC Warranty Services Group (www.accws.com) has completed the launch today of an unlimited RV towing and roadside assistance program for all new ACC customers. The program is unique in today’s RV marketplace due to the fact that it provides for true unlimited RV towing and RV roadside service benefits.

Normal towing and roadside assistance programs do not adequately cover the expenses that are experienced by owners of a motorhome or fifth wheel. A motorhome towing bill wil easily exceed the limits of normal roadside assistance plans.

The ACC joint-venture RV towing program provides RV owners with an increased level of support and service they are not currently receiving from normal towing plans. Some key benefits of the program are; no annual fees, 24-7 service by phone or online, immediate payments to service providers, no paperwork, and no reimbursements. In addition, the program offers free trip planning assistance and up to $1500 in trip interruption benefits at no charge to the customer.

“ACC is always looking for ways to improve its RV offerings.” said Stephen Burgess of ACC. “Most of the RV programs we represent today offer only $100 to $300 of towing coverage and road service reimbursement."

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Navistar International Corp. announced today (June 4, 2009) that it has completed the purchase of certain
assets of Monaco Coach Corp. for approximately $47 million.


The new company, named Monaco RV LLC, will be a wholly owned affiliate of Warrenville, Ill.-based Navistar Inc., Navistar’s principal operating company, and will be headquartered in Coburg, Ore.

“Navistar’s entry into the RV business through the purchase of certain Monaco Coach assets fits into our strategy of leveraging our assets to expand our diesel business, serve the end customer through robust parts and service and will complement our Workhorse chassis business,” said Jack Allen, president of Navistar’s North American Truck Group. “The Monaco brand is a market leader with a
strong reputation and Navistar is pleased to add it to our portfolio of leading brands and businesses.”


“Providing the RV market with the right vehicles at the right time will be Monaco RV’s first order of business,” Allen continued. “Our management teams will spend these first few weeks ramping up the business at a pace commensurate with demand.”
Monaco RV LLC will be much leaner than the old Monaco Coach Corp., which was also based in Coburg. The new company will reportedly hit the ground running by making a number of key moves in the coming days, according to Monaco RV spokesmen:

The new business is under the direction of former Chairman and CEO Kay Toolson, who will report to Allen. Among the other returning Monaco executives is Mike Snell, now senior vice president of sales and product development, Charlie Kimball, now senior vice president of operations, and Richard Bond, senior vice president and general counsel. Pat Carroll, (product development), John Healey (purchasing), Garth Herring, (parts and service) and April Klein (customer service) are also part of the
Monaco RV team, as is Marty Garriott, who will return to run the Oregon operations, and Irv Yoder, who’s back to oversee Indiana operations.

Former Monaco President John Nepute and former CFO Marty Daley will join Navistar in other corporate roles, but will not be a part of Monaco RV. “We are going to produce models and brands that are in the most demand by our dealer body, but
fewer than before,” Snell said. “Our plan is to begin producing at a low rate at all of our facilities based on a smaller group of dealers and the business model we are adapting to.”

Monaco spokesmen have also confirmed the following:

�� Snell and his sales staff will begin visiting key dealers in coming weeks.
�� Towable operations will be ramped up more quickly than motorized to take advantage of the key
June-to-September buying season.
�� The former towable-building R-Vision plants in Warsaw, Ind., about a half hour south of
Wakarusa, will be leased for approximately 90 days or until work-in-process units can be
completed there. Then, those operations will be moved up to Wakarusa in Elkhart County.
�� Navistar reports that it has also acquired Monaco’s Bison equine trailer operation in Milford in
the purchase.
�� Slated for sale by Monaco Coach Corp. in its Chapter 11 case are idled facilities that were not
acquired by Navistar, including a fiberglass plant in Hines, Ore.; a chassis plant in Harrisburg, Ore.; the Nappanee Wood Products plant in Nappanee, Ind.; two buildings at the former Hively Avenue operations in Elkhart; a towable manufacturing plant on Mishawaka Road in Elkhart; the R-Vision complex in Warsaw; and the Roadmaster cargo trailer business in Goshen.

The proceeds of those sales go to satisfy creditors of Monaco Coach, although it is presently unknown what percentage of these proceeds will be available to satisfy Monaco Coach Corp.’s general unsecured creditors, including dealers, vendors and customers who submitted unpaid warranty claims. Meanwhile, Monaco’s resorts were auctioned off late last month, and the $16.3 million in proceeds was also applied to the debts owed to creditors.

Kay Toolson, CEO for Monaco RV, said, “The last few months have been very difficult, with many hurdles to overcome to complete the sale to Navistar. This result is the best possible outcome for our communities, employees, dealers, customers, suppliers and the entire RV industry. We are pleased and excited to be a part of Navistar.”
Plans call for Monaco RV LLC to have a significant presence at this winter’s National RV Trade Show in Louisville, Ky. However, again, Monaco’s new business model clearly calls for a leaner operation in terms of physical plant capacity, employment and dealer rosters, Snell maintained. “The challenge we will have is, a lot of dealers and people on the outside will see this as the same Monaco, and it’s not,” said Snell.

Snell said that under Navistar’s plan, Monaco RV is expected to be a self-sustaining and profitable business under Navistar’s ownership. Although the new company is not liable for any product sold by Monaco Coach Corp. prior to the purchase by Navistar, Snell indicates that customer service representatives will be available to aid RV
owners in obtaining service and support for their vehicles. Owners with questions should call (877)4MONACO for assistance.