BHPH Report Staff

It’s not news that independent and buy-here, pay-here dealers more often will complete vehicle deliveries with consumers with softer credit than their franchised store contemporaries. What is noteworthy is how Experian Automotive detailed the extra risk being facilitated through franchised dealerships to complete... Read More

May bankruptcy filings rise 5 percent

BHPH Report Staff

Thanks to “mounting financial pressures,” the American Bankruptcy Institute reported that total U.S. filings in May increased 5 percent year-over-year. According to data provided by Epiq Systems, bankruptcy filings totaled 69,668 in May, up from 66,138 cases registered in May of last year. The 66,096... Read More

NIADA Q2 survey shows dealer optimism wanes

BHPH Report Staff

As temperatures rise nationwide, independent dealership confidence is cooling a bit. Independent dealers backed off from their unprecedented high levels of optimism early in the year, but their outlook remains positive, according to the National Independent Automobile Dealers Association's Business Confidence Survey... Read More

BHPH Report Staff

After participating in this year’s National BHPH Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers, technology provider DealerSocket is continuing to hit the trade show circuit with its comprehensive independent dealer platform. The company said its team has been hard at work rebuilding its... Read More

J.D. Byrider names new CEO

BHPH Report Staff

J.D. Byrider announced a major change in leadership on Tuesday as the franchise network of buy-here, pay-here dealerships recently appointed Craig Peters as chief executive officer, replacing Steve Wedding, who served the company for 25 years. The company indicated Wedding will support the transition as an advisor to... Read More

Attendees cheer NABD for latest conference

BHPH Report Staff

Stemming from some of the feedback organizers shared, the National Alliance of Buy-Here, Pay-Here Dealers completed its mission during the 19th annual National BHPH Conference last month in Las Vegas. John Baughman of Lake Erie Auto Credit said, “I wanted to come away with at least one idea that would help our... Read More

5 elements of IMETRIK’s latest GPS update

BHPH Report Staff

GPS tracking solution provider IMETRIK recently released its newest offering — 3.5G COLLECT — a GPS device the company indicated is designed specifically to track vehicles when the unit loses power. The company explained that one of the key features of 3.5G COLLECT’s design is an “industrial... Read More

BHPH Report Staff

During this week’s National Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers, Spireon mingled with hundreds of dealers and rolled out the latest version of its GoldStar GPS solution, offering dealers and finance companies that specialize in deep subprime underwriting what the provider says is... Read More