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Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

Experts give context for 14% annual rise in bankruptcies

bankruptcy
BHPH Report Staff
Total bankruptcies in 2024 rose 14% year-over-year, but experts put the data into perspective. According to data provided by Epiq AACER, total bankruptcy filings last year came in at 508,758. That’s up from 445,286 registered in 2023. While representing a ... [Read More]

TrueSpot & PassTime partner to provide location and asset tracking solutions

Wholesale vehicle depreciation exceeding seasonal norms.
BHPH Report Staff
Two award-winning service providers that offer location tracking services and vehicle monitoring for dealerships and finance companies now are working together. This week, TrueSpot and PassTime announced a strategic partnership aimed at revolutionizing asset management and location tracking for the ... [Read More]

National Lenders General Agency adds ‘game-changer’ with Murphy as CPI program agent

BHPH Report Staff
National Lenders General Agency, which is part of MEI Group USA family of companies, recently announced the addition of Bill Murphy to its team. The company said Murphy has signed an agent contract to represent National Lenders and Empire’s programs ... [Read More]

FlexPath Capital promotes COO to president

board room_338429702
BHPH Report Staff
FlexPath Capital announced an executive promotion on the last day of 2024. Now president of the provider of floorplan financing solutions for independent dealerships is Doug Marohn, who joined the company in January 2023 as chief operating officer. FlexPath Capital ... [Read More]

COMMENTARY: Santa is watching, so don’t be boring

Kenny Atcheson, Dealer Profit Pros
Being boring is the kiss of death in advertising. Consumers are exposed to far too many ads to pay attention to something boring. Some say consumers are exposed to 5,000 ads per day. That makes it tough to get attention, ... [Read More]

PODCAST: More BHPH dealership observations with Gene Daughtry

BHPH Report Staff
Gene Daughtry’s packed travel itinerary again included Scottsdale, Ariz., for Used Car Week, so the senior consultant for Auto Master Systems made another appearance on the Auto Remarketing Podcast. While collections continue to be a top dealership concern, Daughtry explained ... [Read More]

National Lenders General Agency broadens risk services in Texas

ken terkel and eric hurst for web
BHPH Report Staff
National Lenders General Agency announced on Tuesday that it now has designation as a licensed risk management agency in Texas, marking a significant step forward in the company’s mission to meet the evolving needs of buy-here, pay-here dealers and independent ... [Read More]

5 features of Best Used Cars from Big Time Advertising

BHPH Report Staff
Launched last week in Scottsdale, Ariz., during Used Car Week, Big Time Advertising rolled out its newest marketing solution tailored for independent and buy-here, pay-here dealerships. The company introduced Best Used Cars and its innovative platform GetBestUsedCars.com, which can empower ... [Read More]

COMMENTARY: Thoughts of how the Trump victory impacts financial services regulation

COMMENTARY: I hate my job — post-repossession Article 9 letters
Steve Levine, Ignite Consulting Partners
Now that the presidential election is over, we can turn our attention to how a second Trump administration could impact consumer financial services. President Trump’s first term focused on deregulation and reducing the regulatory burdens on businesses, and we expect ... [Read More]

5 ingredients continue to push bankruptcy filings higher in October

BHPH Report Staff
Five economic factors combined in pushing bankruptcy filings higher again, as the streak of increases now stands at 27 months in a row. According to data provided by Epiq AACER on Tuesday, total bankruptcy filings came in at 47,104 in ... [Read More]

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