Motor Trader

MARCH 25, 2025

The majority of dealers are giving GAP insurance sales a miss in the wake of FCA scrutiny. Thats the view of warranty firm Intelligent Motoring which estimates that 90% of dealers are not advertising GAP products. GAP came under scrutiny from the FCA which paused sales for a period.

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Gap Insurance Insurance Retail Customer 59

AutoSuccessOnline

AUGUST 12, 2024

Used car retailers such as Carvana have also reported growth in used EV sales, and Carvana’s average used BEV price in Q1 was $31,000, a decrease of 16% year-over-year. Offering VSCs provides customers with extended coverage beyond the manufacturer’s warranty, safeguarding against costly repairs.

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Gap Insurance Insurance Repairing Retail 73

Autocar

NOVEMBER 18, 2024

However, customers are starting to ask exactly what they’re getting for their money. “I Overcharging consumers can have other dangerous consequences beside denting customer loyalty, as dealers and finance companies are finding out. Many dealers now bundle EV servicing into a package deal with monthly payments.

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Gap Insurance Insurance Spread Finance 116

Shawn Ryder

FEBRUARY 7, 2024

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance. It’s often used as a starting point for negotiations.

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Gap Insurance Term Extended Warranty Insurance 40