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Auto Extended Warranty Providers - Industry Market Research Report

  • October 2016
  • 30 pages
  • Ibisworld
Report ID: 1835475

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Extended recovery: A gradual increase in new car purchases will bolster demand



Abstract

Auto Extended Warranty Providers

The Auto Extended Warranty Providers industry has suffered losses from a slow economy and changing trends in auto warranties. Automobile manufacturers are increasingly offering more comprehensive warranty plans, making extended warranty less attractive to new car buyers. Over the next five years, industry revenue is forecast to grow. As the economy improves, more consumers will purchase new cars and, consequently, more extended warranty plans. However, growth will continue to be hampered by competition from warranty plans offered by auto manufacturers and car dealerships.

This industry provides automobile owners with extended warranty protection. These warranty plans are offered by the manufacturer or auto dealer at the time of purchase and are typically included in the price of the vehicle. Third-party warranty providers, who sell warranty plans after the initial purchase of the vehicle, are also included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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