BHPH Report Staff

America’s Car-Mart and DriveTime combined to make four moves involving their dealership network in four different states during the past month. DriveTime shared developments in connection with three locations, including the opening of a new dealership in Woodbridge, Va. DriveTime’s newest dealership sits... Read More

BHPH Report Staff

AGORA, a Texas-based provider of technology solutions for the financial services industry, recently made two more moves to bolster its position as a platform for bulk portfolio transactions. Along with announcing that Chris Barry has become a part of the management team as senior vice president of sales, AGORA also... Read More

Tricolor names chief innovation officer

BHPH Report Staff

Tricolor, one of the nation’s largest used-vehicle retailers designed to serve Hispanic consumers, recently announced the addition of veteran financial services executive Jason Hutton as its chief innovation officer. Hutton, who will report directly to chief executive officer Daniel Chu, is responsible for... Read More

BHPH Report Staff

As the National Independent Automobile Dealers Association revamps its Certified Master Dealer program, an Alabama operator was honored for doing more than just helping customers secure a vehicle. A&D Motors Inc., whose philanthropy has made a difference throughout its small hometown of Arab, Ala., has been named... Read More

BHPH Report Staff

More dealer assistance is set to arrive this summer, especially for buy-here, pay-here operators who have to juggle the end-to-end process of finding inventory, reconditioning vehicles and finalizing deliveries. Stemming from dealer feedback to make a challenging audit process easier, NextGear Capital will be... Read More

BHPH Report Staff

When the phone rings at a buy-here, pay-here dealership, it’s not uncommon for customers to be calling the store about a vehicle mechanical problem. To help consumers who might not have the financial resources for major repairs, Confident Financial Solutions (CFS) and WebBank rolled out a new solution, leveraging... Read More

May bankruptcy filings drop 4 percent

BHPH Report Staff

The American Bankruptcy Institute reported May filings dropped both on a sequential and year-over-year comparison. According to data provided by Epiq Systems, total U.S. bankruptcy filings came in at 67,307 in May, representing a 4-percent decrease from the same month last year when 69,732 cases were filed. Officials... Read More

BHPH Report Staff

Buy-here, pay-here dealers in California who watch vehicles roll over the curb with buyers who have insurance challenges can take advantage of a new product offered by Westlake Financial Services. The finance company recently announced a new spot delivery insurance program, which is underwritten by Knight Management... Read More