Members of the Chicago Auto Glass Group (CAGG) met with the accounting firm Grant Thornton on Wednesday of last week to look at the presentation of the test results for its alternative pricing system for the industry.
During the CAGG Seminars at the National Auto Glass Conference in May, Wes Topping said he expected to have the test results ready by June 15th.
According to people familiar with the material, the test results show the model works and the next step is to have CAGG committee members get actual hands-on experience using the model in their businesses.
"The good news is that the model is working. The bad news is that it is taking a little longer and can't be done overnight. If it is to be done right, everything has to be in line," said one participant, who preferred not to be identified.
He also points out that there are still conditions in the market that the benchmark
doesn't resolve. "It is not going to solve everyone's problems."
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