GAP Experts to Discuss Mounting Losses at PALS 2018
ORLANDO, Fla. — Organizers of the annual P&A Leadership Summit announced that Lee Bowron of Kerper and Bowron and Allstate Dealer Services’ Ben Woods will team up to present a session dedicated to rising GAP losses at the 2018 event. Co-located with the annual Industry Summit for the sixth consecutive year, PALS will be held Oct. 8–10 at the ... Read More » The post GAP Experts to Discuss Mounting Losses at PALS 2018 appeared first on P&A Magazine.
ORLANDO, Fla. — Organizers of the annual P&A Leadership Summit announced that Lee Bowron of Kerper and Bowron and Allstate Dealer Services’ Ben Woods will team up to present a session dedicated to rising GAP losses at the 2018 event. Co-located with the annual Industry Summit for the sixth consecutive year, PALS will be held Oct. 8–10 at the Caribe Royale Orlando in Orlando, Fla.
“This issue weighs heavily on the minds of executives in the P&A segment and will continue to do so until the numbers improve,” said David Trinder, CEO of F&I Administration Solutions and chair of the PALS advisory board. “This session presents a rare opportunity to get up to speed and prepare for the work that lies ahead.”
The 55-minute session, “Rising GAP Losses: 2018 Update,” will begin at 11:30 a.m. on Wednesday, Oct. 10. Bowron and Woods first teamed up to tackle the topic at last year’s event.
“GAP losses continue to remain high as the industry seeks to adapt to the significant loss trends experienced over recent years,” said Woods, who serves as loss modeling manager for Allstate Dealer Services. “I’m excited to be back with Mr. Bowron to present an update on residual values, total loss frequency, and other factors impacting GAP losses.”
The staple F&I product has been plagued by declining residual values, multiplying total losses, and riskier financing. Bowron and Woods pledged to deliver an update on those factors as well as a forecast for GAP losses going forward.
“We look forward to discussing the latest developments in GAP,” said Bowron, co-founder of the actuarial firm of Kerper and Bowron. “We will be examining some of the structural changes in the underlying auto insurance and repair industries which have and will continue to impact GAP going forward.”
More details about the 2018 P&A Leadership Summit, including the full agenda, will become available in the weeks ahead. Click here to register now. To discuss sponsorship and exhibition opportunities, contact David Gesualdo at (727) 947-4027 or via email hidden; JavaScript is required
.
The post GAP Experts to Discuss Mounting Losses at PALS 2018 appeared first on P&A Magazine.
More Industry
Nebraska Rooftop Changes Hands
The Gregg Young Automotive Group has sold its second dealership to Janssen Auto Group, both in Plattsmouth, Neb.
Read More →
Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →