February bankruptcy filings show mixed moves

BHPH Report Staff

The American Bankruptcy Institute highlighted that filings softened year-over-year in February but marked a sequential rise. According to data provided by Epiq Systems, ABI indicated total bankruptcy filings for February decreased 3 percent versus the same month last year. The 56,694 total filings in February were down... Read More

PassTime highlights LTE Category M GPS device

BHPH Report Staff

If lately you’ve noticed faster performance by your smartphone on Verizon’s mobile network, you might also be encouraged if your collateral is monitored by PassTime. GPS solutions provider PassTime recently highlighted its all-new TRAX 6 device, what the company said is the industry’s first LTE... Read More

BHPH Report Staff

AGORA, a Texas-based provider of technology solutions for the financial services industry including a platform for bulk portfolio transactions, recently finalized a partnership with Ignite Consulting Partners. The purpose of the collaboration is to provide increased transparency and security to the consumer finance... Read More

BHPH Report Staff

Refunds associated with federal income tax returns remain a crucial potential revenue stream to buy-here, pay-here dealers either as a pathway to deferred down payments or a method customers can use to become current again on their accounts. Well, the Internal Revenue Service issued a warning about a new twist on an old... Read More

BHPH Report Staff

REPAY – Realtime Electronic Payments made two significant moves this week. First, REPAY expanded its footprint in the automotive industry and deepened integration capabilities with the acquisition of PayMaxx Pro. Then, REPAY announced a new partnership with PassTime. REPAY chief executive officer John Morris... Read More

BHPH Report Staff

Now that DriveTime has its new top executive in place, the retailer that caters to buyers with damaged credit histories unveiled its news marketing initiative. This week, DriveTime launched what the company called its “The Genius Way to Buy a Car” campaign. The national spots showcase two fictional... Read More

TIADA to help market NIADA CPO Program

BHPH Report Staff

The Texas Independent Automobile Dealers Association and the National Independent Automobile Dealers Association are both located in the Lone Star State and already have a close relationship. That connection became even stronger on Tuesday in a development that could help Texas buy-here, pay-here operators and... Read More

DriveTime selects new CEO

BHPH Report Staff

DriveTime chose a leader with plenty of experience in the franchised dealer group world to be its new chief executive officer. According to an announcement distributed on Monday, Don Reese will join DriveTime as its new CEO beginning in late March. Reese will also be appointed to the DriveTime Automotive Group and... Read More