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Warranty facts & stats

4 sourced facts about extended warranties, each with the context behind the number. 4 more are in today's round and appear here after it closes.

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Going deeper

About what was the UK's extended warranty market estimated to be worth annually, per a 2012 review?

Answerabout 1 billion pounds

That's a large market built on selling protection against relatively rare repairs.

Source: Wikipedia, Extended warranty (2012) en.wikipedia.org

Which retailer is commonly cited as earning significant commission revenue from extended warranty sales?

AnswerBest Buy

Extended warranty sales are a notably profitable side business for big electronics retailers.

Source: Wikipedia, Extended warranty (2024) en.wikipedia.org

Expert level

At some retailers, about how much commission can a sales associate earn for selling an extended warranty?

Answerup to 15%

High commissions are one reason warranty sales get pushed so aggressively.

Source: Wikipedia, Extended warranty (2024) en.wikipedia.org

A consumer group recommended extended warranties for only two product types. Which of these was one of them?

AnswerProjection TVs (and digital cameras)

Their reasoning: those items were both expensive to repair and prone to frequent repairs.

Source: Wikipedia, Extended warranty (citing Consumers Union) (2006) en.wikipedia.org

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