GWC Warranty Exceeds $375 Million in Claims Paid
F&I product provider GWC Warranty announced today that it has surpassed $375 million in claims paid to date.
WILKES-BARRE, PA. — GWC Warranty, a provider of used vehicle service contracts and related F&I products, announced today that it has surpassed $375 million in claims paid to date.
“Surpassing $375 million in claims is an important milestone for GWC,” said Rob Glander, CEO and president of GWC Warranty. “We are thrilled to celebrate the milestone of $375 million in claims paid and we are grateful for the role our dealers have played along the way. We look forward to continuing our successful partnerships for many more years to come.”
Named a Motor Trend Recommended Best Buy for independent dealers and rate "A+" by the Better Business Bureau, GWC Warranty was established in 1995 and has become the largest provider of used-vehicle service contracts in the automotive industry. It has provided its services to more than 1.5 million drivers nationwide.
The company reached its claims-paid milestone in the same year it was named a Bronze Level National Corporate Partner by the Naitonal Independent Automotive Dealers Association. Its Accelerate blog and Behind the Wheel dealer story series also took home 2015 Automotive Communication Awards in the Business-to-Business Blog and Business-to-Business Use of YouTube video categories, respectively.
More Auto Finance
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →