Industry Analysis & Industry Trends
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. During 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.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Auto Extended Warranty Providers industry is in the declining stage of its life cycle. IBISWorld estimates that in the 10 years to 2019, the industry value-added (IVA), which measures the industry's contribution to the overall economy, is expected to grow at an average annual rate of 0.4%, compared with overall GDP growth of 2.5% over the same period. The industry's relative slow growth over the period is expected to be a result of changing trends in auto warranty plans and poor economic conditions.
Over the past 10 years, the number of industry operators is anticipated to decline at an average annual rate of 1.1%... purchase to read more