Like heat and humidity often fuel thunderstorms, high inflation and interest rates are pushing consumers and businesses into bankruptcy. According to data provided by Epiq AACER, total U.S. bankruptcy filings in April increased 28% year-over-year, rising from 35,497 to 45,592. ... [Read More]

America’s Car-Mart is poised to surge past a baker’s dozen of locations in the Lone Star State. The company announced last week that it has entered into a definitive agreement to purchase the dealership assets of Texas Auto Center (TAC). ... [Read More]

In what organizers said was their “best yet,” more than 400 attendees consisting of buy-here, pay-here dealers from across the country gathered at the Bellagio in Las Vegas for the third annual BHPH United Summit. After three days of dealer-to-dealer ... [Read More]

Ignite Consulting Partners ended up with a great way to promote its upcoming compliance conference courtesy of the latest action by the Minnesota attorney general. The firm recapped in its Tip of the Week about Minnesota attorney general Keith Ellison ... [Read More]

April has been a busy month for Glenview Finance. The company began the second quarter by rolling out five services for tasks such as underwriting and data analytics. Then last week, the company launched its program for bulk portfolios. Glenview ... [Read More]

Another state and federal tax filing season closed this week unless consumers asked for an extension. According to the latest data from the IRS, the average refund came in at just above $3,000, which could be great for buy-here, pay-here ... [Read More]

Kinetic Advantage began the week by a revealing a major accomplishment for the 4-year-old company. The national provider of floorplan services for independent dealers announced that it completed its inaugural securitization of floorplan receivables, finalizing the move on Friday. According ... [Read More]

Buy-here, pay-here dealerships often will highlight the positives of having a GPS device attached to a vehicle when they’re completing delivery. A new report released by the National Insurance Crime Bureau (NICB) this week likely gave operators even more evidence ... [Read More]

Pretty much any way you want to examine the data, new bankruptcy filings are increasing. According to data provided this week by Epiq Bankruptcy, the 120,094 total bankruptcy filings registered during the first quarter represented a 14% increase from the ... [Read More]

Chaos. I can’t think of a better word to describe what occurred in the automotive industry between 2020-2023. From increased costs and severe inventory shortages as unfortunate consequences of COVID, to finding ourselves in a historically high inflationary period with ... [Read More]