fbpx

EFG Companies Offers New VSC Product for Personal Watercraft

This new vehicle service contract (VSC) from EFG gives powersports dealers a market-differentiating value-add by protecting consumers from costly mechanical breakdowns.

EFG Companies is now helping personal watercraft dealers diversify their revenue streams with Personal Watercraft Protection. Available for both new and used personal watercraft, this new vehicle service contract (VSC) from EFG gives powersports dealers a market-differentiating value-add by protecting consumers from costly mechanical breakdowns, while generating cash that dealers greatly need to purchase inventory.

Personal watercraft sales have skyrocketed during the pandemic, and the trend shows no signs of slowing. According to 360MarketResearch, the market will register a 6.2 percent compound annual growth rate  in terms of revenue, with a global market size of $2059.2 million by 2025. However, dealerships are struggling to maintain inventory, sticker prices are rising, and supply chain challenges have impacted manufacturing timelines. Additionally, as first-time personal watercraft buyers enter the market in larger numbers, many are unaware of the costs associated with an unexpected mechanical breakdown.

“The story is the same for auto, powersports, and personal watercraft dealers. New inventory is in short supply and the competition for used inventory is fierce. Those dealers with the largest cash flow are winning the race for inventory,” said Glenice Wilder, Vice President of Powersports at EFG Companies. “Dealers need a diversified income portfolio to maintain steady inventory levels and cash flow. EFG’s Personal Watercraft Protection easily attaches to every sale to exponentially increase profitability margins, thereby increasing cash flow for more inventory.”

EFG’s Personal Watercraft Protection provides exclusionary coverage for new and pre-owned personal watercraft, with:

  • Flexible terms based on model year
  • Four deductible options
  • Optional surcharge for trailer coverage
  • Towing reimbursement
  • Trip interruption

“Families want to have fun with their personal watercraft, and not worry about costly repairs when the craft experiences an unexpected breakdown and is dead in the water,” said Wilder. “Repairing a personal watercraft is not cheap, and our new VSC gives buyers greater confidence in their purchase, knowing they are covered.”

EFG’s Personal Watercraft Protection is supported by the company’s nationally award-winning client engagement model and claims administration. With verified 5-star Google reviews, EFG Companies takes pride in delivering a high level of client satisfaction for both consumers and dealers.

For more info: efgcompanies.com

You May Also Like

Polaris Slingshot Introduces Over 40 New Styles in 2024 Spring Apparel Collection

Drawing inspiration from its vehicle lineup, the collection features bold and colorful designs coupled with subtle and sleek looks to show off one’s personal style.

Polaris Slingshot 2024 Spring Apparel Collection

Polaris Slingshot introduced its 2024 Spring Apparel Collection for men and women. Helping enthusiasts proudly showcase their affinity for the brand, the collection takes inspiration from the 2024 Polaris Slingshot lineup with more than 40 apparel options in two distinct aesthetics: “Bold and Colorful” and “Subtle and Sleek.”

New for 2024 are the first-ever Slingshot-branded sneakers and sunglasses, as well as specific women’s fits and styles. The 40-plus new items also include vibrant tees, performance shirts, hoodies, joggers, riding jackets, hats, home items and more. Both the “Bold and Colorful” and “Subtle and Sleek” lines offer new styles and graphics along with comfort for everyday wear and versatility to wear in or out of the Slingshot. Also featured in the lineup are matching tops and bottoms sets, which can be worn together or mixed and matched depending on customers' preferences.

Airbag-Equipped Harley-Davidson Smart Vest Offers Advanced Protection

Powered by D-air from Dainese Technology and sized for men and women.

Harley-Davidson Smart Vest
Octane Redefines Powersports Lending With Dealer Portal 2.0

Dealer partners can deliver an even faster, easier financing experience for their customers.

Dealer Portal 2.0
Engine Ice’s Ice Water Racing Coolant

Engine Ice’s Ice Water provides a significant reduction in surface tension, moving heat away from the engine fast.

Apparel Pro: Embracing the Elements With Waterproof Motorcycle Jackets

Various styles of waterproof jackets are available for every type of customer.

motorcycle riding in rain

Other Posts

Joe Rocket Women’s Velocity2 Jacket

The Velocity2 Jacket has a removable/replaceable spine pad and a removable, full-sleeve, waterproof liner.

Women's Velocity2 Jacket
REV’IT! Xena 4 Ladies One-Piece Suit

AAA-rated women’s leather one piece with airbag vest.

Xena 4 Ladies one-piece suit
Cycle Trader and ATV Trader Expand Buy Now, Digitizing All Finance and Purchase Steps

The expanded Buy Now platform fast-tracks financing and sales for both dealers and buyers.

DX1 Part Kits Enhances Inventory and Sales With Custom Kitting Feature

This kitting feature streamlines inventory organization by adding a pre-formulated list directly to a work order with one click of a button.

DX1 Part Kits homepage