Car Care Plan Ltd · Thornbury, West Yorkshire United Kingdom
Company Description
Phone: +44-870-752-7000
Fax: +44-870-752-7100
View Car Care Plan Ltd Locations On A US Map
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This link will open in a new window Car Care Plan's products are designed to help vehicle owners who are caught in the clutch. The GMAC subsidiary sells vehicle warranty and insurance products to owners around the world and administers vehicle care insurance programs for 20 major auto manufacturers, including Alfa Romeo, Ferrari , and Volvo . Car Care Plan offers four levels of warranty service, gap insurance for vehicle replacement, and MOT insurance (lighting equipment, steering and suspension, fuel system, wiper system, brakes, seat belts, and corrosion). Founded in 1976, the company operates from offices in Germany, Italy, Mexico, and the UK. To read the full description, subscribe now.
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Key Car Care Plan Ltd Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $15.3 |
| Employees | 250 |
Car Care Plan Ltd Executives
8 executives listed for Car Care Plan Ltd's Thornbury, West Yorkshire location.
| Title | Name & Bio | Contact |
| CEO | Tim Heavisides | Network |
| CFO | Simon Wright | Network |
| Head Information Technology | Ken Hampton | Network |
Competition
Competitive Landscape for Car Care Plan Ltd
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Car Care Plan Ltd Competitors
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