NAE Announces Major Expansion Plans
STRONGSVILLE, Ohio — National Automotive Experts has purchased a new building and is planning to greatly expand its offices later this year, RV Daily Report has learned.
The company that offers the RV Warranty Forever program, as well as several other products, including ancillary and service contracts for the RV industry, has outgrown its 24,000-square-foot office and will move into a 56,000-square-foot building. NAE will occupy 34,000-square-feet of that space.
“This is our third location on Dow Circle,” said Kelly Price, CEO of National Automotive Experts. “Ironically we started in a little 7,500-square-foot office directly across from the building we purchased.”
The building was acquired for $4.2 million and will require $1.5 million in renovations and code upgrades.
Cuyahoga County Executive Ed FitzGerald approved a $1.5 million loan from Cuyahoga County’s Western Reserve Fund to assist NAE with the purchase.
“National Automotive Experts has called Northeast Ohio home since its founding in 1996, and we are delighted that this Western Reserve Fund loan will enable them to continue growing jobs here for years to come,” said FitzGerald. “We will continue building on this record of success, and use the largest countywide economic development fund in Ohio to support good-paying jobs for middle class families.”
NAE, which sells and administers service contracts and warranties to dealerships for autos, motorcycles, and RVs, plans to create 43 new jobs in the next few years after the expansion.
The company currently employs 95 people to personally welcome new customers into their programs, administer claims and work with agents around the nation who represent NAE products.
“We are really excited to move into this building because we have been bursting at the seams for quite some time in our current facility,” said Price. “It has been hard for us to keep up with the demand for RV Warranty Forever and our other product lines.
“The expansion will enable us to better serve our customers for many years to come,” she added.
More Industry
Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →