Isuzu Expands Agreement with Remarketing Services of America Unit of Fiserv to Include All SUV Remarketing
AMHERST, N.Y.--May 20, 2002--Isuzu Motors Acceptance Corporation has expanded its agreement with Remarketing Services of America, Inc. (RSA) to include proactively managing all sport-utility vehicle remarketing in the vehicle manufacturer's portfolio.Isuzu earlier had selected RSA to handle lease maturity management and customer retention for its entire portfolio.
"RSA is also the right partner to manage the remarketing of the SUV product," said Al Parent, Isuzu Corporate Collections Manager. "We have seen strong results in RSA's proactive customer retention program and commitment to Isuzu's overall goals. We strongly value RSA as a partner to deliver strategic remarketing to achieve maximum sales performance."
RSA's remarketing program for Isuzu will include titles management, auction facilitation, transport coordination, expense reconciliation and auction representation, in addition to other Isuzu-specific services, for the Isuzu Rodeo, Trooper, Amigo, Axiom and Hombre SUVs.
To benchmark auction and distribution channel performance, RSA will use its National Quality Control Program. Created by RSA in 1997, the program tracks effectiveness of vehicle auctions nationally, using a strict performance rating system that includes three diverse categories: sales effectiveness, operational effectiveness and on-site preparation. Auctions that score high in the ratings are recognized annually and are generally rewarded with a greater share of RSA's vehicle consignments, encouraging improved performance and enhanced sales effectiveness.
Isuzu also will employ RSA's dedicated Center for Advanced Automotive Research (CAAR), which provides enhanced planning, forecasting and execution of lease maturity management and vehicle remarketing strategies, campaigns and programs. CAAR's analysis of the results of millions of transactions at auctions and distribution networks helps to ensure proper future pricing.
Analysis of client-specific off-lease purchase and pricing allows RSA and the client to design, model and implement lease-end sales promotions and campaigns that effectively and efficiently maximize financial returns for Isuzu.
RSA Co-Chief Executive Officer Stuart H. Angert said, "RSA has enjoyed a strong partnership with Isuzu since the inception of our specially designed Isuzu lease maturity management program. We are gratified that Isuzu has chosen to enhance its program with the addition of our strategic vehicle remarketing program for the SUV portfolio."
RSA Co-Chief Executive Officer Andrew J. Shaevel said, "National market demand for the SUV product mandates that sound strategies be employed to maximize value on a vehicle-by-vehicle basis and an understanding of the nuances inherent in all distribution networks. We feel honored to remarket these popular Isuzu products to dealers and distribution networks across the country."
RSA currently manages nearly 500,000 vehicles and $5 billion in transactions for client partners, realizing more than $300 million over benchmarked values in 2001.
Isuzu Motors Acceptance Corporation is a 100% subsidiary of Isuzu Motors America Inc. and provides finance and lease options to Isuzu vehicle purchasers and lessees, as well as Isuzu dealers in the United States.
RSA is a unit of Fiserv, Inc. Founded in 1991, RSA employs more than 600 associates and is the leading independent provider of strategic vehicle remarketing, proactive lease maturity management, liability management and proactive customer contact and retention programs. RSA utilizes award-winning technologies to manage portfolios for major banks, financial institutions, fleets, automotive manufacturers and captive finance companies.
Fiserv, Inc. is an independent, full-service provider of integrated data processing and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 13,000 financial services providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance agents and companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com.