Annual bankruptcy filings dip for 7th straight year

BHPH Report Staff

A potential source of buy-here, pay-here customers — the annual figure of consumers filing for bankruptcy — dropped for the seventh year in a row. But that well of vehicle buyers who potentially have little choice but to use a BHPH dealer could improve in 2017. The American Bankruptcy Institute shared data... Read More

BHPH Report Staff

The NIADA Foundation, which for years has invested in education through its scholarship program, is taking that investment to another level, according to an announcement from the National Independent Automobile Dealers Association. Officials said on Thursday that the foundation’s board of trustees has authorized... Read More

BHPH Report Staff

Three years after leaving the investment banking world to form Braeger Financial Group with the objective of bringing individual accredited investors directly into auto finance, David Braeger recently rolled out his latest financing products to help buy-here, pay-here and independent dealerships secure more working... Read More

Opportunity knocks for BHPH in 2017

Ken Shilson, NABD

As the year closes, it is time to look forward and plan for next year. Recent performance data for the subprime auto finance market indicates that better days are ahead for independent buy-here, pay-here operators who can capitalize on the opportunities. Recent data from Experian Automotive indicates that through the... Read More

BHPH Report Staff

BHPH Report and NCM Associates are set to join a free webinar hosted by Dealer Profit Pros that’s meant to give buy-here, pay-here dealers constructive information to form strategy for 2017 and beyond. The session is scheduled for 1 p.m. ET (10 a.m. PT) on Thursday. “For the last several years we’ve... Read More

Bankruptcies on pace for 2nd lowest total since 2005

BHPH Report Staff

The American Bankruptcy Institute reported that total bankruptcy filings in November decreased by double digits year-over-year, reinforcing an anticipation of the second-lowest annual figure in 11 years. According to data provided by Epiq Systems, the total bankruptcy filings of 59,300 in November represented a... Read More

J.D. Byrider hands out 20 dealer awards

BHPH Report Staff

Buy-here, pay-here dealership chain J.D. Byrider recognized winners of the company’s annual awards at its November convention in Scottsdale, Ariz. The Franchise of the Year winners were chosen in three categories: Single (one location), Mid (two to three locations) and Multiple (more than three locations). The... Read More

Ken Shilson, Subprime Analytics

As another year closes, buy-here, pay-here operators must focus on how to make next year better. The answers can’t be found in their year-end financial statements or even by reviewing unit sales numbers. This article will discuss what every operator should evaluate in order to improve performance and profitability... Read More