how are you guys holding up.. as the insurance changes come into...

how are you guys holding up.. as the insurance changes come into affect with Gap insurances policies and Extended warranties meaning APE will only receive 20% of that policy value just like FPI products they sell and ASIC capped some years ago. Most lenders / banks will get a head start on these changes asap .. meaning less income for APE> than with ASIC looking to change the scope of the Flex commission's received be EOY and then a grace period will be given to adapt to roll outs so aiming for end of 2017 for full affect. APE will continue to slide unless something can severely change to capture this guaranteed loss. And as i said previously F&I income makes up over 80% of revenue, hence the roadshow on the there new approach. but this new Approach wont suddenly generate amazing profits overnight. this takes time, like the SP has taken to get where it is today. but I do see a continued slide.
good luck guys.. and use your technical's wisely.