Vanguard Dealer Services Blog Steering Through Volatility: GAP Reinsurance

The automotive industry, just like any other, has had its share of ups and downs. Yet, even amid market and industry fluctuations, I would estimate a large percentage of dealers are currently participating in the underwriting profits of reinsurance. This overwhelming participation in reinsurance is not without its implications, especially considering the constantly shifting economic landscape. So, it’s not surprising that one of the most frequently asked questions is - "Should automotive dealers be reinsuring their Guaranteed Asset Protection (GAP)?"