Chicago Auto Glass Group Releases Details of Pricing Formula
Unveiling both itself and its proposed plans for new pricing schedules for the auto glass industry during a seminar at the Independent Glass Association (IGA) annual convention last week, the Chicago Auto Glass Group (CAGG) has released the details of the formula it is proposing.
"The system is broken," said Wes Topping, president of Elite Auto Glass in Denver, Colorado and a founding member of the group in reference to the NAGS List Pricies currently used for most commerce in the auto glass industry. "There are too many R parts and wholesalers and manufacturers cannot make an adequate profit under the current system."
Reaction from the industry so far has been mixed. Many at the convention voiced concerns about the ability of the group to see such new pricing formulas utilized by the insurance industry, but others applauding the group for its attempt to do something about the industry's pricing problems.
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