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CreditRe to Host GAP Seminar

July 29, 2008

DALLAS — Financial consulting firm CreditRe will host an intensive, 1 1/2-day seminar Sept. 9–10 to discuss the effect of recent shifts in vehicle pricing on GAP coverage and reserve levels. The seminar will be held in the Dallas/Fort Worth area, with a specific location to be determined.

The seminar was developed by CreditRe to help dealers respond to the changing automotive retail landscape. As the actual cash value (ACV) of a vehicle drops, negative equity rises and insurers reduce payouts for total losses. CreditRe hopes to help dealers protect their bottom lines by providing tools for technical analysis, including calculating GAP loss costs for specific transactions.

Interested dealers can register for the seminar here.

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