New Car Prices Soar: FactoryProtect.com Sees Surge in Demand for Extended Vehicle Protection Plans

PROVIDENCE, R.I., April 28, 2025 /PRNewswire/ -- As new vehicle prices climb to unprecedented levels, consumers are reevaluating how they approach vehicle ownership. A combination of new tariffs, global supply chain issues, and rising material costs have driven the average price of a new car past $50,000 in 2025, making new car purchases unattainable for many Americans. In response, FactoryProtect.com reports a major surge in demand for extended Vehicle Service Contracts as more drivers look to protect the vehicles they already own.

Rather than financing expensive new vehicles or paying inflated prices for used inventory, consumers are turning to extended protection plans as a smarter, more cost-effective alternative. Vehicle Service Contracts provide coverage against unexpected repair bills, helping owners maintain their vehicles longer without taking on new financial burdens. With the cost of major repairs like transmissions, engines, and advanced electronics steadily increasing, many now see extended coverage as a practical necessity.

"In today's economy, investing in the vehicle you already own is often the smartest financial decision you can make," said Michael Bernardo, Director of Marketing at FactoryProtect.com. "At FactoryProtect.com, we make it easy for consumers to access top-tier protection without the pressure and complexity traditionally associated with extended warranties."

FactoryProtect.com offers instant online quotes from trusted providers Fidelity Warranty Services and CNA National, allowing drivers to review coverage options and pricing from the comfort of their homes. Plans are available for a wide range of vehicles and budgets, providing flexibility in an increasingly volatile automotive market.

The shift toward extended protection comes at a time when interest rates remain elevated and insurance premiums continue to rise, putting further strain on monthly vehicle expenses. Many consumers who would have traditionally entered the new car market are now choosing to extend the life of their current vehicles instead.

FactoryProtect.com is proudly backed by Steingold Volvo Cars, a trusted Rhode Island auto dealer. The dealership's longstanding reputation for service and transparency supports FactoryProtect.com's mission to offer affordable and reliable vehicle protection to consumers nationwide.

As the automotive industry continues to navigate economic headwinds, FactoryProtect.com remains committed to helping drivers protect their investments, avoid costly repairs, and enjoy greater peace of mind on the road.

Visit www.FactoryProtect.com for more information and to learn about the plan offerings.

For free online quotes, visit the online portal at factoryprotect.ratessys.com.

Media Contact:

Michael Bernardo, Director of Marketing
FactoryProtect.com
Steingold Volvo Cars
Phone: 401-723-4700
Email: 394114@email4pr.com

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SOURCE FactoryProtect.com