Warranty Solutions Group (WSG) has launched a ‘supercar’ and prestige warranty paying out up to £200 an hour in labour rate. It is planned to meet the rising demand in the UK supercar market which according to research from UHY Hacker Young reached a new record in 2024, growing 4% year-on-year to 23,320 units. According to WSG, Ferrari ...
Read More »Car repair costs accelerate to ‘all time high’
The rising cost of car repairs is hitting consumers and repairers hard according to Warranty company AutoProtect which said its average warranty claim in 2024 was £502.07, up 9% year-on-year. AutoProtect cited the Motor Ombudsman’s latest annual survey of vehicle repairers, more than half of repairers expect motorists to reduce essential repairs to save money. According to the survey repairers ...
Read More »Motorway partners with Opteven to launch dealer warranty
Used car marketplace Motorway has launched Motorway Protect, an insurance product powered by warranty group Opteven. This product provides dealers with protection against sudden and unforeseen mechanical and electrical issues discovered after purchasing a vehicle. The policy aims to protect dealers from thousands of pounds in unexpected repair costs, preserving their margins. The cost is £29.99 per vehicle with claims ...
Read More »Händler Protect celebrates selling 250,000 warranties
Warranty provider Händler Protect is celebrating selling 250,000 warrantie. The group was recently accredited by The Motor Ombudsman (TMO). “Our success is deeply intertwined with the success of our dealer partners,” said David Horan, managing director of Händler Protect. “By providing innovative warranty solutions, we empower our dealers to offer added value to their customers, enhancing trust and driving repeat ...
Read More »Epyx creates garage network to carry out warranty claims work
E-commerce group epyx has assembled a network of garages who will undertake motor warranty work. The network has 1,400 garages across the UK which it said would give warranty providers easy access to national coverage of workshops that want to fulfil claims. Marc Lees, director of business development at epyx, said: “One of the success stories at epyx in recent ...
Read More »Hyundai launches VHC activated five-year warranty for approved cars
Hyundai is bolstering its approved used car programme with new five-year warranty on vehicles that undergo an annual vehicle health check (VHC). The warranty is offered on petrol or diesel cars up to 42 months old that have covered less than 60,000 miles. It also applies to EV/PHEV/Hybrid vehicles up to 36 months old with a maximum of up to ...
Read More »Dealers boost sales of warranties and service plans says iVendi
Dealers are selling more value-added products such as warranties, service plans and MOT insurance. That’s the claim from technology group iVendi which said that since the beginning of 2021, the number of motor finance applications made through its platform that include at least one add-on product have risen by 65%. Similarly, the average value of these products included with each ...
Read More »Suzuki launches in house Approved Used Car Warranty
Suzuki GB has announced the recent introduction of its own in-house Approved Used Car Warranty. The launch of the new warranty will also help further increase customer retention as well as a higher volume of service, maintenance, and repair for the dealer network. The launch follows the launch of Service Activated Warranty to its customers earlier this year. The Suzuki ...
Read More »Warranty claim prices rise 33% over the past year
Vehicle repair prices have risen by third over the past year Data analysis from Intelligent Motoring, the parent company of MotorEasy, Motokiki and Warranty Assist, reveals the cost of vehicle repairs has risen on average by 33% January-June 2022, compared to the same period in 2021. Analysis of over 12,000 extended warranty claims paid by Intelligent Motoring, covering 31 makes ...
Read More »Ferrari overhauls aftersales and warranty package
Ferrari has overhauled its extended warranty and aftersales assistance package for customers. Its standard-setting 7-year Genuine Maintenance programme currently offers scheduled maintenance for the first seven years after purchase of a new production car. This will now include an option to extend the three-year factory-backed, all-inclusive warranty up until year seven for all new models from the 2015 488 GTB ...
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