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Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
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

Latest look at tax season data & other trends

Latest look at tax season data & other trends
BHPH Report Staff
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 finalizes first securitization

Kinetic Advantage finalizes first securitization
BHPH Report Staff
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]

Top 10 locations for vehicle theft

Top 10 locations for vehicle theft
BHPH Report Staff
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]

Q1 bankruptcies jump 14%

bankruptcy
BHPH Report Staff
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]

COMMENTARY: BHPH dealers need to continue adapting as auto industry returns to normalcy

BHPH evolution: Key to success in a recovering auto industry
Louis Ochoa, Xperisource
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]

BlytzPay & PassTime partner to provide payment solution for BHPH dealers

BlytzPay & PassTime team up for BHPH payments
BHPH Report Staff
BlytzPay and PassTime said they’re responding to the changing risk management and technical landscapes faced by buy-here, pay-here dealerships. Their action is a strategic partnership to provide operators with advanced tools for effective cash flow and revenue management. The partnership ... [Read More]

Buckeye hires ‘icon’ as new national sales manager

Buckeye hires ‘icon’ as new national sales manager
BHPH Report Staff
Buckeye Dealership Consulting welcomed “an icon” to its team on Thursday. The provider of reinsurable products for automobile dealers and finance companies announced that it has hired Bill Elizondo as its new national sales manager with a specific focus on ... [Read More]

IRS: Average refund 5.8% higher than last year

Tax refund stock image_5
BHPH Report Staff
How’s tax season going at your buy-here, pay-here operation? According to the latest update from the Internal Revenue Service, consumers are getting an average refund amount that’s 5.8% higher than last year. The IRS reported that through March 8, the ... [Read More]

LegalShield sees bankruptcy rise continuing for at least 6 more months

paying bills
BHPH Report Staff
LegalShield likely wasn’t surprised when bankruptcy filings increased year-over-year for the 19th consecutive month in February. That’s because the platform provider for legal, identity, and reputation management services said its January Consumer Stress Legal Index (CSLI) showed a nearly four-year ... [Read More]

Bankruptcies rise year-over-year for 19th straight month

bankruptcy 2
BHPH Report Staff
One of the steadiest economic trends currently out there is the rise in bankruptcy filings. Epiq Bankruptcy reported total filings came in at 39,014 in February, representing a 22% year-over-year rise. Experts said February also marked 19 consecutive months that ... [Read More]

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