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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here

10-Step Plan to Avoid Regulatory Actions

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BHPH Report Staff
AutoStar Solutions chief legal officer Steve Levine gathered with three other bright auto industry regulatory experts to compile 10 separate strategies buy-here, pay-here dealers can implement to avoid actions from agencies such as the Consumer Financial Protection Bureau and Federal ... [Read More]

August Bankruptcy Total Represents Largest Year-Over-Year Drop of 2014

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BHPH Report Staff
American Bankruptcy Institute officials noticed August contained the largest year-over-year drop in filings thus far in 2014. According to data provided by Epiq Systems, total bankruptcy filings in the United States decreased 16 percent in August compared to the same ... [Read More]

AutoStar Rolls Out New DMS, Partners with Spireon

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BHPH Report Staff
Along with forging a new strategic partnership with Spireon, software provider AutoStar Solutions highlighted details behind Fusion 2, a new generation of dealer management system (DMS) for buy-here, pay-here dealerships, independent stores and auto finance companies. The company highlighted Fusion ... [Read More]

Jabaay: Just A Reminder That Pictures Are The Key To Selling Cars

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Jim Jabaay, LotVantage
Back when the Internet was still young and the automotive industry had not fully embraced it, those dealers who were utilizing it to expose their inventory online were still having trouble with images. Some cars had them. Others did not. ... [Read More]

Daughtry: BHPH Operators Should Avoid The Private Island

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Gene Daughtry, PLS Financial
Not so long ago, and not too far away, one of my past managers started working for a dealer I know. We were discussing the state of the dealer’s current business, and the conversation went to 20 Groups. This dealer, ... [Read More]

Byrd: Making A Plan To Win Even When Major Customer Events Happen

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Tim Byrd, Tim Byrd & Associates
Everyday battles. Sales waning. Cars breaking down. Lapsed insurance. Repos. Low working capital. Do you feel like you’re losing? Every day in buy-here, pay-here operations across this great country, dealers are asking similar questions: —Where do I go from here? ... [Read More]

Annual Bankruptcies on Pace for Lowest Figure in 7 Years

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BHPH Report Staff
The year-over-year decline in bankruptcies recorded in July is leaving the American Bankruptcy Institute thinking that this year’s total could end up being the lowest figure in seven years. According to data provided by Epiq Systems, ABI indicated total bankruptcy ... [Read More]

NABD Welcomes Largest BHPH Boot Camp Crowd Ever

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BHPH Report Staff
The largest contingent ever attended the most recent BHPH Boot Camp hosted by the National Alliance of Buy-Here, Pay-Here Dealers at the site of iCars, Ingram Walters’ dealership in Monroe, N.C. A total of 27 attendees from 15 different dealerships ... [Read More]

3 Areas to Help BHPH Operators Ease the Pain Of IRS Audits

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Nick Zulovich, Editor
It’s one of the most stress creating notices anyone can receive. The Internal Revenue Service wants to conduct an audit. And for buy-here, pay-here operators, the complexities of explaining how their businesses function to a federal regulator who might not ... [Read More]

8 Tips to Help BHPH Dealers Stay Off CFPB Radar

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BHPH Report Staff
Rick Hackett shared eight specific steps buy-here, pay-here dealers can take to stay off of the radar of government regulators. Hackett acknowledged no surefire way exists for operators to protect themselves completely from a regulator who can decide what a ... [Read More]

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