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Tag Archives: Gap

Santander renews GAP deal with Warranty Group

Santander Consumer Finance has renewed its deal to sell GAP products from The Warranty Group through its UK dealer and manufacturer partners. As part of the arrangement, the standard GAP product provided has been overhauled to cater for the growing popularity of PCPs on used cars. There are no restrictions over vehicle age and mileage, the minimum claims settlement is ...

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Warranty Direct sees increase in value of write-off claims

The value of claims for written off vehicles has risen 55% over the past three years. That’s the finding of Warranty Direct which ran the rule over its books and found the average individual claim value for vehicles written-off over the three-year period was £3,765 with some of the highest individual claims being over £15,000. The two brands most likely ...

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Dealers turn to up-sells as used margins squeezed

Dealers are aiming to sell more warranties, service plans and GAP insurance to make up the shortfall of reduced used car margins. According to Damian Tyler, head of business development at The Warranty Group, dealers are looking at increasing their up-sell items as acquiring used becomes more expensive through greater competition for stock. “Pretty much across the board, increased price ...

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AutoProtect warns of ‘gap’ in Return to Invoice payments

Dealers have been urged to run the rule over the terms and conditions of the Return to Invoice GAP insurance products they sell to consumers. Mike Macaulay, head of corporate sales at AutoProtect said some Return to Invoice products being offered in the marketplace did not include Finance Deposit Allowances or scrappage incentives on offer by carmakers. This meant that ...

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August edition of Motor Trader is now online

The August edition of Motor Trader is now online, featuring full coverage of the 2017 Motor Trader Industry Awards 2017. The August edition celebrates and profiles the winners of the awards which were held at the Grosvenor House hotel in London in July. We profile Swansway Jaguar Crewe and the success the dealership is having building business with a new ...

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