C.A.R.S. Protection Plus, Inc. · Murrysville, PA United States
Company Description
View C.A.R.S. Protection Plus, Inc. Locations On A US Map
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This link will open in a new window Caveat emptor! To aid in your vigilance, there's C.A.R.S. Protection Plus. The company sells extended warranties on used cars through registered auto dealers. C.A.R.S. Protection Plus was hailed as one of Entrepreneur magazine's top 100 fast-growing small businesses in 2003, but ran into legal trouble in 2004 when the state attorney general's office in Pennsylvania filed suit against it for failing to honor warranties and for misrepresenting important terms of its warranty products. Then, in late 2005, a Michigan judge ruled that C.A.R.S. Protection Plus violated that state's Consumer Protection Act; an appeals court upheld the decision in 2007. To read the full description, subscribe now.
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Key C.A.R.S. Protection Plus, Inc. Financials
| Company Type | Private Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $8.2 |
| Employees | 80 |
C.A.R.S. Protection Plus, Inc. Executives
2 executives listed for C.A.R.S. Protection Plus, Inc.'s Murrysville, PA location.
| Title | Name & Bio | Contact |
| President | Michael Tedesco | Network |
| VP | Fred Kohl | Network |
Competition
Competitive Landscape for C.A.R.S. Protection Plus, Inc.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top C.A.R.S. Protection Plus, Inc. Competitors
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