FLADCO News

Negative Equity Adds to GAP Losses

Posted by Mark Mackson on Jul 12, 2017 6:00:00 AM

AutoNews
By:  John Irwin on June 21, 2017
Read time = 2 ½ minutes

An interesting article in the 6/21/2017 AutoNews F&I section by John Irwin cites the reasons for cost/price increases in GAP.

Guaranteed Asset Protection claims—and losses—are on the rise, and ballooning negative equity appears to be partially to blame.