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Is an Extended Warranty Worth It for Your Vehicle?

Shawn Ryder

Do You Need an Extended Warranty for Your Car? What is an extended warranty? An extended warranty is like a protection plan that you can buy for your car. It provides coverage for repairs and replacements of certain parts after the manufacturer’s warranty expires. How reliable is your car?

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Lotlinx Industry Survey On Inventory Carryover & Markdown Strategies Reveals Major Disconnects And Challenges Faced By Dealers For Modern Retailing

Dealer World

The majority of dealers (18%) manage inventory carryover with price markdowns, dealer trades, and extended warranty offers, followed by 16% conducting aggressive marketing campaigns. The Lotlinx platform provides automobile dealers and manufacturers with enhanced operational control over their retail business.

Retail 76
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Toyota DPF class action battle continues in High Court

CarExpert

While extended warranty coverage was offered to compensate owners, the reduction in value of the affected vehicles was initially found by the Federal Court to be 17.5 per cent of their average retail price. Toyota’s ‘1GD’ 2.8-litre billion.

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Nissan Allows Dealers To Sell Cars At A Loss, Up To 15% Below Invoice

Carscoops

Read: Save Over $11,000 On An Acura ZDX Lease But Only If You Drive A Tesla Or Another Acura “We want more flexibility to make better deals and get more traffic into the stores,” said a retailer in a major metropolitan market, who paid about $80,000 in floor plan interest last month on more than 200 vehicles sitting on his lot.

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How Data-Driven Insights Are Shaping Inventory Management in Auto Retail

AutoSuccessOnline

A prevalent strategy among dealers is to utilize price markdowns, dealer trades and extended warranty offers to manage inventory carryover. As the automotive retail industry continues to grow, dealerships that adapt and innovate will be more likely to succeed in the future.

Retail 40
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Autoglym research reveals most enticing value-add item

Motor Trader

Transferrable extended warranty is the value-add item which is most likely to convert a used car enquiry into a sale, according to Augtoglym Lifeshine. When asked which factors would influence them to buy one car over another if they had identical mileage and specification, 54% of respondents said an extended warranty.

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Which brands offer the best new car warranties in Australia?

CarExpert

Similarly, Audi’s Approved Plus warranty applies to pre-owned Audi vehicles that have passed a “rigorous 115-point quality and safety inspection” Each qualifying pre-owned vehicles comes with a two-year, unlimited-kilometre warranty added to the end of any existing warranty or extended warranty.