Evolution Warranties has launched an innovative warranty product, The One to simplify coverage by combining all levels into a single policy.
With “No Quibble” premium cover on vehicles of any age or mileage, the policy covers over 10,000 parts including batteries, turbochargers, catalytic converters, and even in-vehicle entertainment systems – and ensures claims are paid in full.
“This is the product dealers have been waiting for,” said Sam Watson, national sales director at Evolution Warranties. “It simplifies warranty coverage, enhances dealer reputation, and provides peace of mind in a challenging market.”
“It also provides a much-needed product to fill a gap in the market and provide dealers with a genuine alternative to underwriting their own warranty.”
He said that although The One will be a more expensive warranty, the reward is higher since Evolution Warranties is also boosting its Dealer Discretion Fund to 25% from 15%, allowing dealers to retain more profit while addressing repair costs.
“We also believe that with so many cars on finance being rejected for faults early doors under the CRA, this product will give dealers peace of mind knowing it’s covered. when the recent FCA decision has caused so much worry.”
CEO Gerry Loughran added: “Here at Evolution the success of a dealership is at the heart of everything we do. Therefore, we are proud to announce the launch of our brand-new warranty product for Used Car Dealers, The One. This is the most innovative product launched by any warranty company and we are proud to be the first to market with it.”
