Finaccord’s study titled Extended Warranties for New and Used Cars in Asia 2022 is part of a series that offers valuable insights into the markets for automotive financial services linked to sales of new and used cars, enabling manufacturers, brokers and insurers understand and compare 12 key markets in Asia. This report on extended warranties provides Finaccord’s first published analysis of this sector after the COVID-19 pandemic.
- Which countries are featured?
Finaccord has researched extended warranties in China, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
- How many car dealerships have been surveyed?
We surveyed over 700 respondents and identified key partners working with manufacturer brands and dealers. This has enabled us to assess the size of the opportunity and to identify key gaps in the market.
- What is the key information provided by this report?
: the reports detail the value of the market for extended warranties in each country from 2017 to 2021. These markets are broken down between new and used cars, and between new contracts sold during 2021 and in-force business sold in previous years but still being renewed in 2021.
: the partnerships in place between manufacturer brands, dealerships and third parties for extended warranties are given, so that both existing competitors and opportunities for new partnership are identified.
datasets that accompany each report detail the relationships for extended warranties traced by Finaccord for both dealers and manufacturers. The datasets and the report provide a definitive guide to opportunities within the extended warranties market in Asia.
Provision rates for extended warranties offered by automotive dealers vary widely across the region
For further information about this research, please access the table of contents and series prospectus using the relevant links on this page.