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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

Context around Top 10 locations with highest unemployment

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BHPH Report Staff
FormRush distributed some intriguing unemployment analysis that might help buy-here, pay-here operators and special finance departments at other dealerships with their underwriting and collections efforts, especially in 10 locations. Susy Bento is the senior data scientist at FormRush, which provides ... [Read More]

COMMENTARY: Strategies for subprime market during challenging economic conditions applies to all

BHPH evolution: Key to success in a recovering auto industry
Tiger Okeley, Oak Motors
It’s a challenging time to be in the car market. A host of colliding economic factors have reduced new car production, limited dealer inventory and driven the cost of new and used vehicles to record highs. At the same time, ... [Read More]

IRS announces date for accepting 2023 tax returns

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BHPH Report Staff
Jan. 29 will be an important day for buy-here, pay-here dealerships. The Internal Revenue Service announced on Monday that Jan. 29 is the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing ... [Read More]

Experts put 18% annual rise in bankruptcies into context

bankruptcy
BHPH Report Staff
Total 2023 bankruptcy filings increased 18% year-over-year, but Epiq AACER put that notable rise in context. According to data provided by Epiq AACER on Wednesday, total bankruptcy filings in 2023 came in at 445,186, which was up from the 2022 ... [Read More]

COMMENTARY: Recapping another year in BHPH

Details of upcoming repossession webinars from ARA & Weltman
Gene Daughtry, AMS Consulting
Wow, another year ended, and a new one has started. Grandma always said life is like a roll of toilet paper; closer to the end the faster it goes! These years are about down to eight months now it seems. ... [Read More]

November bankruptcy filings soar 21% higher year-over-year

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BHPH Report Staff
While one specific case triggered a triple-digit spike in commercial filings, individual bankruptcy filings jumped 21% year-over-year in November, according to data provided by Epiq Bankruptcy. Epiq reported total bankruptcy filings came in at 37,860 in November, up from 31,187 ... [Read More]

Byrider honors top franchise dealers for 2023

Byrider honors top franchise dealers for 2023
BHPH Report Staff
Byrider honored more than a dozen different operators when the buy-here, pay-here dealership chain presented annual awards to its franchise body during the company’s annual convention in Marco Island, Fla., last month. Byrider chief executive officer Craig Peters said, “These ... [Read More]

6 enhancements of cyclCRM from ABCoA

6 enhancements of cyclCRM from ABCoA
BHPH Report Staff
Advanced Business Computers of America (ABCoA) unveiled six enhancements for cyclCRM, the technology company’s fully integrated customer relationship management (CRM) and loan origination software (LOS) with an instant funding portal (Capsa) that initially launched nearly 10 years ago. ABCoA highlighted ... [Read More]

Car-Mart expands via acquisition, reports fiscal Q2 performance

Car-Mart expands via acquisition, reports fiscal Q2 performance
BHPH Report Staff
Just before revealing financial results from the second quarter of its 2024 fiscal year, America’s Car-Mart entered into a definitive agreement to purchase the ongoing dealership assets of Allied Union Group, an Arkansas corporation doing business as Central Auto Sales. ... [Read More]

Clearsurance.com research uncovers cheapest insurance options

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BHPH Report Staff
Buy-here, pay-here dealers often want to know two pieces of information about customers in their portfolio. Are they current on their monthly payments, and do they have valid car insurance? If your dealership customers need to find a more affordable ... [Read More]

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