How Vehicle Service Contract Administrators Use Experience Curves to Stay Ahead of Cancellations If you’re administering Vehicle Service Contracts, cancellations aren’t just noise—they’re a direct hit to profitability. Refund exposure. Margin compression. Loss ratio volatility. Whether contracts are sold direct-to-consumer or through dealerships, cancellations are a real and rising cost. And yet, most administrators aren’t […]
If you’re selling Vehicle Service Contracts (VSCs) directly to consumers, you’re operating in a high-cancel environment. Many marketers see 40–80% of contracts cancel, and flat cancels—those within 30 days—are especially painful. They erase margin, trigger chargebacks, and undermine performance metrics. But not all cancellations are created equal. Contracts that cancel later are far more profitable. […]
In October 2024, 1.31 million new vehicles were estimated to have been sold across the United States.
Cars continue to be more expensive and less affordable. In September 2024, the average price of a new car was $48,423, a 0.9% increase over August but a 0.4% decrease from September 2023.
In August 2024, 1.42 million new vehicles were estimated to have been sold across the United States. This marks a 9.9% increase over July and a 6.1% increase compared to August 2023.
In July 2024, 1.29 million new vehicles were estimated to have been sold across the United States. This marks a 3.4% decrease from June and a 1.3% decrease compared to July 2023.