Dealers, Auto Finance Companies Aid Government Workers

By Ted Craig January 24, 2019 423

AmTrust Financial Services Inc., together with Endurance Dealer Services, announced Apex EV, a vehicle service contract (VSC) exclusively for electric vehicles that covers propulsion batteries.

 



The U.S. government is the nation’s second largest employer, so the recent work stoppage affects auto finance in many ways.
Across the car business, dealers, manufacturers and finance companies are taking steps to keep their customers in their cars.
It is estimated that more than 800,000 workers are not getting paid during the shutdown, according to Hyundai Motor Finance.
While metropolitan Washington, D.C., feels the biggest impact, California and Texas – two of the nation’s largest car markets – are close behind.
The Washington Area New Automobile Dealers Association announced that new car dealers in the greater Washington, D.C. area have begun offering a special assistance program to all federal government employees affected by the government shutdown. Participating dealership chains include Beyer Auto, Fitzgerald Auto Mall, Alexandria Hyundai, and Brown's Car Stores, which together operate more than 20 dealerships in the Washington area.

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Last modified on Tuesday, 29 January 2019 14:33