Bankruptcy experts see filings continue upward trajectory at 2024 midpoint
Tuesday, Jul. 16, 2024, 12:09 PM
BHPH Report Staff
With bankruptcy filings already on a notable upward trajectory, experts pointed out why the next six to 18 months merit particular watching by dealerships, finance companies and other operations with a vested interest in bankruptcy. According to data provided by ... [Read More]
PODCAST: Gene Daughtry on how dealers are doing in 2024
Thursday, Jul. 11, 2024, 10:40 AM
BHPH Report Staff
No one should blame Gene Daughtry if he often hums the Johnny Cash song “I’ve Been Everywhere.” After all, the senior consultant for Auto Master Systems likely has been to many of the same cities included in the chorus of ... [Read More]
Surviving the squeeze: How dealerships can thrive amid rising prices
Sunday, Jun. 23, 2024, 11:09 AM
Tiger Okeley, Oak Motors
Over the past three years, soaring prices have hit American consumers hard. The cost of food, fuel, and shelter have all risen dramatically, along with the goods and services we purchase every day. The car market certainly hasn’t escaped these ... [Read More]
COMMENTARY: Fire blocks and dealership compliance management
Sunday, Jun. 23, 2024, 10:48 AM
Joe Allen, Ignite Consulting Partners
Recently, I was at an industry event listening to a panel discussion about best practices when handling “heated” customer situations. One of the panelists shared a philosophy that struck a chord. He said, “Hopefully I have done a good job ... [Read More]
Industry ‘legend’ lays out pros and cons of BHPH business models
Tuesday, Jun. 18, 2024, 07:29 PM
Andrew Friedlander, Associate Editor
Brent Carmichael is no stranger to the buy here-pay here business. With more than 30 years in BHPH and subprime finance, including 10 years with a large BHPH operation, he has seen and heard … well, if not all, then ... [Read More]
Advantage GPS unveils SmartLot & expands NIADA partnership
Tuesday, Jun. 18, 2024, 12:45 PM
BHPH Report Staff
Advantage GPS made two announcements on Tuesday as operators gathered in Las Vegas for the National Independent Automobile Dealers Association Convention & Expo. Along with now being an NIADA National Corporate Partner, the provider of advanced GPS technology solutions and ... [Read More]
Geitner comes out of retirement to be president & COO of Kinetic Advantage
Tuesday, Jun. 18, 2024, 12:44 PM
BHPH Report Staff
Marty McFarland and Brian Geitner are back working together in the floorplan arena. Last week, Kinetic Advantage announced Geitner has joined Kinetic as president and chief operating officer. McFarland is a founder of the national provider of floorplan financing services ... [Read More]