Motor Trader

FEBRUARY 9, 2024

GAP insurance firms have agreed to pause sales of Guaranteed Asset Protection (GAP) insurance, following a request from the FCA. The finance regulator said the firms which have agreed to this action account for 80% of the GAP market. GAP has been under the spotlight for some time.

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Insurance Gap Insurance Sales Finance 75

AutoSuccessOnline

SEPTEMBER 6, 2024

Let’s explore the factors driving inflation in the automotive market and discuss strategies for dealers to support their customers through these difficult economic conditions. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans.

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Gap Insurance Insurance Repairing Finance 98

Carscoops

MAY 14, 2024

.” Price argues that the impacts of this pattern of behavior has ripple effects that extend beyond the insurance companies’ customers.

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Insurance Gap Insurance Repairing Customer 111

Motor Trader

AUGUST 22, 2024

The FCA has renewed its call for Gap providers to ensure they demonstrate “fair value and good customer” outcomes In February, the FCA agreed a pause in the sale of guaranteed asset protection (GAP) insurance with a number of firms, following concerns the products were not offering fair value.

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Gap Insurance Insurance Finance Customer 64

AutoSuccessOnline

AUGUST 12, 2024

As the market shifts toward a variety of alternative fuel vehicles, dealers are looking to embrace this change and diversify their F&I portfolios to stay competitive and meet consumer demands. GAP Insurance: Depreciation is an inevitable reality of vehicle ownership, and gasoline and hybrid-powered vehicles are no exception.

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Gap Insurance Insurance Repairing Retail 73

Autocar

JUNE 28, 2024

Assuming a stockpile of spare parts and body panels existed to support production, it’s possible that they might be offered to the market by a third party if Fisker cannot be saved. By March this year, approximately 5000 cars remained unsold. The availability of software updates is less certain. We continue to monitor the situation.”

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Insurance Gap Insurance Repairing Finance 133

Autocar

NOVEMBER 18, 2024

“The group's high-margin aftersales operations are a vital contributor to group profitability,” Vertu CFO Karen Anderson said in the report, which goes into more detail than shared by rivals, due to the company’s stock market listing. Some firms were paying out as much as 70% of the value of insurance premiums in commissions, the FCA found.

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Insurance Gap Insurance Spread Finance 116

Shawn Ryder

JANUARY 18, 2025

Understanding the interplay between leasing and gap coverage is crucial to preventing potential financial setbacks in the unfortunate event of a total loss. This is where gap insurance comes into play. It covers the difference, or gap, between what you owe on your lease and what the insurance payout is.

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Gap Insurance Insurance Lease Payment Lessee 52

Motor Trader

APRIL 2, 2024

The Financial Conduct Authority is looking at historical arrangements for motor finance commission while taking a separate look at the GAP insurance market.

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Finance Gap Insurance Insurance Customer 59

Shawn Ryder

JANUARY 17, 2025

Understanding Negative Equity Negative equity, also referred to as being “upside down” on your loan, occurs when the amount you owe on your vehicle exceeds its current fair market value. Consider Additional Insurance Options Additional insurance options, such as GAP insurance, can offer peace of mind: What is GAP Insurance?

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Down Payment Gap Insurance Fair Market Value Insurance 52

Carscoops

MAY 26, 2024

Vehicle prices are subject to change at all times, do not include adds or other fees, and may be subject to a Market Adjustment that is not reflected in the advertised price.” “When submitting my application online, the out the door number was $32,207 with GAP. Bait and Switch is this company’s marketing strategy.

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Addendum Gap Insurance Finance Pre-Qualify 119

Motor Trader

OCTOBER 14, 2024

Mark Tongue, Joint CEO and Founder of Select Car Leasing, said: “The collaboration provides additional peace of mind to Select’s extensive database of customers and also introduces MotorEasy’s membership of more than one million car owners to some of the most competitive lease deals on the market. Alloy Insurance begins at £6.50

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Gap Insurance Insurance Repairing Manufacturing 59

Shawn Ryder

JANUARY 17, 2025

Understanding Insurance Options Don’t forget to consider insurance, as it can impact your vehicle financing: GAP Insurance: If you end up financing, GAP insurance can protect against negative equity by covering the difference between what you owe and the vehicles value in the event its totaled.

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Prepayment Penalties Gap Insurance Down Payment Banking 52

Canadian Auto Dealer

JUNE 3, 2024

The demographic breakdown of purchasers provides further insights into the market. The demographic breakdown of purchasers provides further insights into the market. The data shows that different generations have varied preferences and purchasing patterns.

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Gap Insurance Sales Insurance Demographic 52

Turbo Marketing Solutions

JUNE 13, 2024

Content marketing, when wielded correctly, has a knack for luring in potential customers for car dealerships. Car dealerships can utilize content marketing by creating helpful and informative blog posts, videos showcasing vehicles, and engaging with potential customers on social media. Now, let's talk more about lead generation.

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Sales Dealerships Marketing Insurance 52

AutoSuccessOnline

MARCH 28, 2025

When dealerships integrate insurance discussions early and effectively, they create opportunities to sell extended warranties, GAP insurance and other high-margin products driving higher overall F&I gross. Loyalty, Loyalty, Loyalty Loyalty makes or breaks your dealership.

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Insurance Deal Gap Insurance Extended Warranty 45

Shawn Ryder

JANUARY 17, 2025

Market Value Risks: An economic downturn can lead to depreciation that might affect resale value. For further insights on financial decisions related to car ownership, explore our articles on GAP insurance considerations and the importance of financial literacy in car buying. Making the Decision: Lease or Buy?

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Gap Insurance Repairing Modification Lessee 52

AutoSuccessOnline

OCTOBER 30, 2024

In today’s automotive market, consumers are facing severe affordability challenges when it comes to purchasing and maintaining vehicles. Differentiate from Competitors : A comprehensive suite of F&I products can set a dealership apart in a crowded market.

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