|
GLAA
7.20%
Year-End Dividend
Paid
FOURTH CONSECUTIVE YEAR OF DIVIDEND SUCCESS
GLAA’s State Auto Group Dividend
insurance program again exhibited it’s continued success and value to
automotive shop owners by declaring a dividend for the fourth year in a
row and for the 8th of eleven years since the program was
created in 1995.
The year 2007 was a
transition year in which two dividends were paid to accommodate the
transistion to a calendar year basis for membership. The
program paid a 3.95% dividend for the portion of the program year that
ended in July, ... and and additional 7.2% dividend for the five month
transition period which ended December 3, 2007.
In total, GLAA shops
received just over $69000 in dividend payments during 2007.
The professional operation and
quality of shops in the GLAA Group Insurance program continues to
produce profitable performance for the program resulting in substantial
net insurance savings in dividends and competitive rates for GLAA
Members.
GLAA Members continue to be
preferred insurance risks and enable GLAA and State Auto to exclusively
offer Members a group dividend based program with competitive products
and rates. As we have stated before, dividends can never be guaranteed, but if ten
successful years of history is any indication, the outlook is favorable.
CONGRATULATIONS
ON ANOTHER GREAT YEAR!
|
|
NEWS:
Ford
ESCAPE Hybrid
Ford is introducing the
first hybrid SUV mass-produced in North America, the 2005 Escape Hybrid,
which will go on sale in late summer 2004. The company also says that it
will follow the compact gasoline/electric Escape Hybrid with two other
environmentally friendly products — a 2007 Mercury Mariner hybrid, a
sister vehicle to the Escape, and a yet-unnamed hybrid midsize car later
in the decade. The five-passenger Escape Hybrid is being touted as the
“most fuel-efficient SUV in the world,” with the ability to get
about 38 mpg and travel 576 miles on the contents of its 15-gallon tank
NEWSLETTER ARCHIVES:
View back issues of AutoMotives, the official newsletter
of GREAT LAKES AUTOMOTIVE ASSOCIATION. Click links to PDFs of the
complete AutoMotives issues.
2003
Nov-Dec newsletter
Sep-Oct newsletter
July-Aug newsletter
May-June newsletter
Mar-Apr newsletter
These
Newsletters are Adobe Acrobat files of the complete newsletter. You can
download Acrobat Reader from www.Adobe.com
If you have a question or tip you’d like to post to this page
please forward it to the webmaster at
info@glauto.org.
|
TECH TIPS:
Uniform Tire Quality Grading
Comparative
grade designations for treadwear, traction and temperature for all
passenger car tires, except deep tread, snow tires; spares; or
tires with rim diameters of 12-inches or less come under the NHTSA
standards as defined below. For how to read tire designations jump
to the bottom of the page for information contained on tires..
HOW TIRES ARE RATED.
NHTSA rates the quality of tires based on three
criteria: temperature, traction and treadwear.
TEMPERATURE. Letter grades are
used to rank tires for heat resistance, graded "A"
(highest); "B," or "C" (lowest). A "C"
grade represents the minimum performance standard required by Federal
regulation. Currently, 27 percent of tires are rated "A;" 59
percent are rated "B;" and 14 percent are rated
"C." A tire’s ability to resist heat is an important
safety factor. Tires driven long distances in hot weather can
deteriorate, leading to rare instances of tread separation and
blowouts.
TRACTION. Also rated with
letter grades. A tire that carries a higher grade should allow a car
to stop on a wet road in a shorter distance than a tire with a lower
grade. Traction is graded "AA" (highest); "A;"
"B," or "C" (lowest). A "C" grade can
indicate poor performance. Currently, 3 percent of tires are rated
"AA;" 75 percent are "A;" and 22 percent are
"B." There is only one "C" rated line of tires.
TREADWEAR.
A control tire is assigned a grade of 100. A tire with a grade of 200
can be expected to last twice as long as the control tire, while a
tire with a grade of 80 is normally less durable. Currently, the
highest reported treadwear rating is 700; 98 percent of tires rank 600
or below; 92 percent rank 500 or below; 72 percent rank 400 or below;
40 percent rank 300 or below; and 15 percent rank 200 or below.
|
