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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

PassTime claims 2024 IoT Evolution Product of the Year Award

BHPH Report Staff
PassTime is celebrating more than recovered vehicles this week. The company announced that Encore has received a 2024 IoT Evolution Product of the Year Award from IoT Evolution World, a leading website covering internet of things technologies. PassTime Encore is ... [Read More]

COMMENTARY: Reinforcing 4 basics of bankruptcy

COMMENTARY: I hate my job — post-repossession Article 9 letters
Steve Levine, Ignite Consulting Partners
It seems that at least once a week, a bankruptcy question comes up in one of the dealer/creditor social media groups that we follow. The questions usually involve either selling a vehicle to someone that has filed bankruptcy or repossessing ... [Read More]

Bankruptcy experts see filings continue upward trajectory at 2024 midpoint

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

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

BHPH evolution: Key to success in a recovering auto industry
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

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

Industry veteran Carmichael advises BHPH dealers to adapt
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

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

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]

PassTime launches TRAX 7 with most significant upgrades in 15 years

BHPH Report Staff
PassTime on Tuesday announced the launch of TRAX 7, the newest version of the company’s TRAX platform. The provider of advanced asset tracking solutions said the rolling out TRAX 7 marks one of the most significant enhancements to date of ... [Read More]

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