SOURCE: Matt Argall Entrepreneur
MIAMI, FL--(Marketwired - May 12, 2014) - Car sales in the United States by the eight biggest manufacturers, namely Ford, Chrysler, GM, Honda, Toyota, Nissan, Volkswagen and Kia/Hyundai, have increased in the first quarter of 2014 with an estimated growth of 9.1 percent compared to the previous year, following a report by the International Business Times this week. The deliveries of new vehicles will likely go up to 1.4 million, which would be 400,000 cars more than forecast by analysts. The current development is an indicator of a re-established confidence of U.S. consumers in the automobile manufacturing industry. Sales in April were additionally supported by the fact that many Americans received their income tax returns.
With more cars on America's roads, the need for auto insurances rises too, a trend that even Walmart, the world's largest retailer, has noticed: On Wednesday, the company announced the launch of a one-stop shopping solution for car insurance in cooperation with AutoInsurance.com. The company is now selling car insurance online in eight states with plans to offer the service on a national level within the next few months. Matt Argall, a prominent entrepreneur from Florida, is skeptical about this development: "Considering the groundbreaking changes that have been taking place in the automobile industry, from cars that drive themselves to customized models where every little detail can be individualized, many car owners will not be willing to buy their insurance off the Internet. I strongly believe that innovative and customized vehicles need to be covered by innovative and customized insurance plans, a service that can be much better offered by a smaller, specialized insurance company than by a faceless multinational organization."
Given the increasing number of vehicles in the United States, Matt Argall recently has been contemplating investing into the auto insurance. He is convinced that despite the competition from large companies, future growth will be considerably higher for smaller, more personalized insurance providers. Working with a team of professional agents makes it possible to give customers peace of mind and the feeling that they are in good and safe hands, something that an Internet website simply is not capable of. Customers can return to speak to the same agent, who gets a chance to get to know the customer and collect knowledge about him or her. "The customer leaves happy with a tailor-made policy and the confidence that he or she can call up the agent anytime if they have questions," explains Argall. "At the same time a personal relationship to customers enables the insurance company to learn about the customer behavior in his or her target group and adjust the marketing efforts accordingly. It is a win-win situation."
Insights like this and the ability to plan out a long-term strategy instead of focusing on the fast buck are reasons why businessman Matt Argall has launched one successful company after another for almost 20 years. He started at the age of only 17 by saving a struggling tech company followed by many profitable businesses in a variety of industries. The fact that Matt constantly explores new sectors, often without prior experience in the specific field, is proof that a brilliant business mind needs not be bound to just one industry. Now that Matt is applying the ample experience has collected over his many years of outstanding innovations, investments and business launches to his latest plans of entering the auto insurance industries, car owners can surely look forward to some excellent new choices on the insurance market soon.
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