Agent Entrepreneur: Cost of Processing Auto Warranty Claims Up by 28%

WarrCloud, an automated auto warranty processing platform, released results of its Service Warranty Claims Process Study, which revealed that the current cost of processing auto warranty claims is 28% higher as a percent of revenue than when a similar study was conducted in 2020. Additionally, processing a single warranty claim takes 47% more time compared. Current realities and anticipated trends outlined in the study indicate that warranty claims processing will continue to erode auto dealership bottom lines.

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