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Mar 24, 2022 · Nineteenth Annual Product Warranty Report: While the erratic nature of accruals continued in 2021, claims totals remained stable. But warranty reserves hit a new record high late in the year, and expense rates briefly set a new low record early in the year. Manufacturer's warranty expenses are sorted into 18 industries and three major sectors ...
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- End-User-Facing OEMs and Their Suppliers
- High Cost and High Volatility
- The Powertrain Industries
- Breaking The Pattern
- Well Below Average Rates
- Measuring Volatility
- Saving $10 Billion A Year
What we noticed is that across most industries, the end-user customer-facing companies tend to have the highest warranty expenses, while their suppliers tend to have lower expense rates. And then in certain industries, there's a select group of suppliers providing major components such as engines, avionics, heating/cooling systems or disk drives, t...
Hence, the standard deviation for the computer OEMs is relatively high, at 0.47%, which means the 64 quarterly data points are collectively either further above or further below the 2.7% long-term average than are the 64 car data points are from their 2.5% average. At 0.24%, the standard deviation of the Internet/data communications equipment group...
Speaking of engines, in Figure 3 we are charting three more industry segments, which we are going to suggest have something in common. Within their respective sectors (vehicles, computers, and new homes) they are the "engine" manufacturers -- the companies providing the "power" that "drives" the complete product delivered to the end user. These gro...
Notice that two of these industries violate the 1) high, 2) midrange, and 3) low cost pattern matching with A) OEM, B) powertrain, and C) supplier. The new homes and airplanes are finished products sold to end users, yet they're not in the high cost group in Figure 2, where one would expect to find them. Instead, they're in the middle group, with a...
In Figure 5, we're looking at three industry sectors whose claims rates are clearly well below the all-industry average. In addition, their roles are clearly defined as suppliers, although there are some auto parts manufacturers (and retailers) that sell to the public. And there are building materials and tool vendors such as Stanley Black and Deck...
However, 0.15% is actually a rather large standard deviation for an 0.5% average expense rate, meaning that the semiconductor industry data is more volatile than others. It's more typical to have a six-to-one or even a seven-to-one ratio between the claims rate and the standard deviation (for the all-industry average, the ratio is better than eight...
And don't forget that the all-industry average has declined from 1.8% back in 2003 to 1.3% now. A half a point decline might not sound like much. But given that we're talking about roughly $2 trillion in product sales (to get a 1.3% rate from $26 billion in total claims paid), that half a point is something like $10 billion in savings. So yes, curr...
May 14, 2024 · Best extended car warranties Auto Warranty May. 11. Endurance car warranty review Auto Warranty May. 02. CarShield review Auto Warranty May. 10. Carchex review Auto Warranty May. 10. The best car ...
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It is recommended that you view the appropriate one before registering your product. Also listed are the general warranty terms. If you have any questions/concerns, please call us at: 615-824-6572. Warranties are available to transfer - but you must complete the Transfer Warranty Form to do so.
Warranty Expenses When Conglomerates Break Up: In early 2020, two diversified companies spun off product lines to become "pure plays" in specific industries. And now, seven quarters later, the warranty expense metrics of the five new companies, which were previously blended together, have diverged in very distinct ways.
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