MFSG coordinates the activities of eight industry segmented discussion groups where credit and/or financial executives meet in open forums to gather and exchange historical trade payment data on mutual customers. This exchange provides the credit executives with information which will enable them to reduce past due amounts, reduce bad debt losses and process orders and new accounts faster. These meetings also encourage the building of relationships and networking with other group members. The administration and production process of the data collected and disseminated is accomplished through a program developed by MFSG, which has been perfected by over 30 years of success in the automotive industry.
All group meetings, with the exception of the Canadian Group and the European Automotive Credit Group (EACG), are held in major U.S. cities with many of the meetings being held on consecutive days, so multiple meetings can be attended in one trip. With the exception of the EACG, Original Equipment and SEMA groups, the member companies must be a subscriber of MFSG to participate in the credit group meetings. The following paragraphs will briefly outline each group.
Aftermarket Credit Group (ACG)
(View Upcoming Meeting Information)
ACG is the largest group and is made up of primarily hard parts manufacturers. This group discusses the traditional aftermarket, warehouse distributors, wholesalers and some retailers. ACG meets every month except December and discusses an average of 150 accounts each meeting.
Canadian Automotive Group (CAG)
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CAG meets four times a year in Toronto, Canada and discusses Canadian and some American accounts in all aspects of the aftermarket.
Credit Managers Export Group (CME)
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CME discusses international accounts as well as the economic conditions of the individual countries throughout the world, with particular emphasis on Latin and South America. CME also discusses other issues effecting the international business transaction. This group meets four times a year.
European Automotive Credit Group (EACG)
(View Upcoming Meeting Information)
EACG is our newest group, which held its extremely successful initial meeting in Brussels Belgium during February 2003. The group is comprised of both US and European based automotive component manufacturers and is open to all MEMA Members and suppliers to the worldwide automotive marketplace.
Heavy Duty / Rebuilders Group/ Original Equipment (HRG/OE)
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HRG/OE, just as the name suggests, discusses accounts in the heavy duty, rebuilding and original equipment segments of the aftermarket, four times a year. The majority of group members are manufacturers of heavy duty components and engine parts, or sell to the OE market.
Paint, Body and Equipment Group (PBE)
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PBE is MFSG's smallest group, but its members consist of the largest paint and body repair manufacturers in the industry. This group meets three times a year and discusses paint and body shop related distributors along with certain environmental issues.
SEMA Credit Discussion Group (SEMA)
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The SEMA Credit Discussion Group is administered by MFSG, but is part of the Specialty Equipment Manufacturers Association, which is a trade association for manufacturers of high performance parts and accessories. The group members must be a member of SEMA to be a member of the discussion group. This group discusses high performance distributors and national retailers and meets four times a year, and has a total of twelve credit information exchanges.
Volume Retail Group (VRG)
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VRG is our fastest growing group that meets six times a year and discusses mass merchandisers, regional retailers, national chains and some warehouses. The majority of the VRG members are oil, chemical, accessory and battery manufacturers.
MFSG has expanded its credit discussion group activities outside the automotive industry. MFSG has recently begun to administer a credit discussion group in the polymer, plastics and resin industry. MFSG will continue to welcome new opportunities to administer groups within the automotive industry and in new markets.
If you are an existing subscriber of MFSG and wish to get additional information on one or more of these groups, or if you are interested in becoming a subscriber or learning more about MFSG please contact our office (919) 549-8400 or info@memafsg.com.
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