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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
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here

PODCAST: More guidance for handling eOSCAR system updates

BHPH Report Staff
Earlier this summer, eOSCAR — the web-based system that can enable data furnishers (DFs) and credit reporting agencies (CRAs) to respond to consumer credit history disputes — made major technology upgrades, which created several operational changes. To help buy-here, pay-here ... [Read More]

Indiana independent dealers celebrate convention’s return

award winner
BHPH Report Staff
The Indiana Independent Auto Dealers Association (IIADA) recently hosted its first convention in more than a decade, celebrating achievements and milestones of its members and industry leaders. The first recipient of the IIADA Distinguished Member Award was Kesler Schaefer Auto ... [Read More]

Agora Data finalizes fourth private term financing

Kinetic Advantage finalizes first securitization
BHPH Report Staff
Agora Data announced last week that it closed a $160 million private term financing on Aug. 11, marking the fourth privately placed term financing for the company that offers low-cost capital along with performance data and analytics for independent and ... [Read More]

NIADA gearing up for annual Capitol Hill event

NIADA gearing up for annual Capitol Hill event
BHPH Report Staff
In about a month, the National Independent Automobile Dealers Association will host its National Policy Conference in Washington, D.C. Along with meetings on Capitol Hill with lawmakers and their staffs, NIADA will host regulators and other experts for conversations and ... [Read More]

Buckeye Dealership Consulting acquires Berkshire Risk Services

Buckeye Dealership Consulting acquires Berkshire Risk Services
BHPH Report Staff
Consolidation appeared in the buy-here, pay-here industry on Tuesday. Buckeye Dealership Consulting announced the acquisition of Berkshire Risk Services in a merger bringing together two industry service providers committed to empowering dealers and finance companies with innovative risk management tools ... [Read More]

Bankruptcies dip sequentially in July but rise year-over-year

bankruptcy
BHPH Report Staff
While softening sequentially, bankruptcy filings rose notably in July. According to data provided by Epiq Bankruptcy, total bankruptcy filings came in at 35,716 in July, representing a 15% increase from last July’s total of 30,862. Epiq reported individual bankruptcy filings ... [Read More]

PassTime & ABCoA collaborate again with Encore integration into Deal Pack

PassTime & ABCoA integrate Encore into Deal Pack
BHPH Report Staff
As long-time integration partners, PassTime and Advanced Business Computers of America, Inc. (ABCoA) have worked together for decades to provide integrated solutions to their mutual customers in the buy-here, pay-here industry and other part of auto financing. On Wednesday, they ... [Read More]

CFPB files lawsuit against US Auto Sales servicer

CFPB files lawsuit against US Auto Sales servicer
BHPH Report Staff
U.S. Auto Sales closed its 31 dealerships in the Southeast in April, but the buy-here, pay-here operation is now facing a lawsuit in federal court brought by the Consumer Financial Protection Bureau (CFPB). On Wednesday, the CFPB filed a lawsuit ... [Read More]

Expert advice on handling the e-OSCAR 4.0 transition period

Expert advice on handling the e-OSCAR 4.0 transition period
BHPH Report Staff
A recent tip of the week from Ignite Consulting Partners involved one of the potentially complicated parts of the buy-here, pay-here business: handling matters when consumers raise concerns about their credit history. The recommendations originated from the recently launched e-OSCAR ... [Read More]

SVR Tracking unveils ‘no frills’ GPS tracking tailored for BHPH dealers

SVR Tracking unveils basic GPS tracking for BHPH dealers
BHPH Report Staff
Some operators consider their buy-here, pay-here dealerships to be “no-frills” businesses. That happens to be the moniker SVR Tracking gave its latest GPS tracking device. This week, the provider of asset management solutions for the automotive industry released SVR Repo, ... [Read More]

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