Guarantee Options Group launches supercar and status guarantee

Guarantee Options Group (WSG) has launched its new supercar and status guarantee, delivering protection that carefully mirrors the unique producer’s guarantee.

The brand new guarantee has been developed to fulfill the rising demand within the UK supercar market, which hit a brand new document in 2024, rising 4% year-on-year to 23,320 items, in accordance with analysis from UHY Hacker Younger.

Ferrari stays the UK’s hottest supercar model, with 14,714 automobiles on the street, whereas Lamborghini is experiencing the quickest development, up 8% to five,421 vehicles in 2023/24.

Regardless of issues over potential tax will increase affecting high-net-worth people, supercar gross sales proceed to surge, reinforcing the necessity for premium guarantee options.

Designed with luxurious and status automobile sellers in thoughts, WSG’s new guarantee affords complete safety, masking over 6,000 mechanical, electrical, and digital parts.

The package deal consists of premium advantages to minimise sudden restore prices, all whereas providing sellers important revenue alternatives by way of long-term guarantee upselling.

John Colinswood, CEO of WSG, stated: “Our product is tailor-made particularly for high-end automobiles and their discerning homeowners, delivering distinctive advantages that stretch far past customary protection. With larger declare limits, enhanced labour charges, and lifelong put on & tear cowl no matter the car’s age or mileage, we provide true peace of thoughts for individuals who demand the perfect.

“Luxurious and status automobile dealerships have proven unprecedented demand for a guaranty resolution that actually displays the worth of those automobiles. This product not solely offers sellers with a aggressive benefit but in addition enhances buyer satisfaction, drives long-term retention, and will increase prolonged guarantee penetration—making a win-win for all.”

One other characteristic of the brand new guarantee is WSG’s unique premium twin restoration breakdown service. If a buyer breaks down wherever within the UK, WSG will get better each the client and car dwelling first, earlier than arranging restoration to the promoting supplier or a repairer of their selection at their comfort.