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This Month's Focus

Turbocharged Finance
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3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
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

Connected Dealer Services nearly triples size of corporate headquarters

BHPH Report Staff
While the pandemic pushed the work-from-home shift in employment, Connected Dealer Services (CDS) made a significant investment in physical headquarters. CDS — whose brands include Advantage GPS for buy-here, pay-here dealers and subprime auto lenders, Elo GPS for independent dealerships, ... [Read More]

NIADA Foundation nets $26,500 from charity auction via another donated vehicle from Manheim

BHPH Report Staff
Perhaps inspired by the Rocky Mountains in the vicinity, the auctioning of a 2019 Jeep Wrangler Unlimited Sahara during this week’s NIADA Convention & Expo in Denver generated $26,500 for the NIADA Foundation. According to a news release from the ... [Read More]

Another Northwood student receives $10,000 scholarship from Cox Automotive & NIADA Foundation

BHPH Report Staff
Cox Automotive announced that Mallorie Hollenbeck, a student at Northwood University in Midland, Mich., has been named this year’s recipient of the $10,000 National Independent Automobile Dealers Association Foundation Northwood University Scholarship. The annual scholarship, given during this week’s NIADA ... [Read More]

CheckMy Driver by Modives & Auto Master Systems expand partnership

BHPH Report Staff
It’s a risk component buy-here, pay-here dealers absorb each time they complete a delivery. How long will their customers maintain car insurance? To help mitigate that risk, CheckMy Driver by Modives and Auto Master Systems (AMS) expanded their partnership to ... [Read More]

PassTime delves deeper into commercial space with launch of TruGuard

BHPH Report Staff
Just like some buy-here, pay-here dealers, PassTime is diversifying while using one of its strengths. This week, PassTime launched TruGuard, a new commercial asset protection and visibility brand designed to help businesses protect, track, and manage high-value mobile assets across ... [Read More]

During 25th year as dealership owner, Booher becomes president of NIADA

BHPH Report Staff
Darla Booher is celebrating the 25th anniversary of owning her dealership in Greer, S.C. The owner of Deal Depot is also marking her time in the car business by becoming president of the National Independent Automobile Dealers Association. Booher was ... [Read More]

Texas operator named 2026 NIADA National Quality Dealer of the Year

Katie McDonald, NIADA
Cesar Stark started with a single car, very little capital and a determination to provide for his family. While working as an insurance agent visiting auto dealerships across El Paso, Texas, he saw an opportunity, bought a vehicle to resell, ... [Read More]

‘Proactive’ efforts land Car-Mart another extension with lenders

BHPH Report Staff
America’s Car-Mart evidently just made its second deadline to get new credit stipulations. Through a news release received by Cherokee Media Group at 9 p.m. (ET) on Friday, the buy-here, pay-here dealership company announced that it has entered into an ... [Read More]

Car-Mart gets extra week to shore up finances

Campbell to succeed Williams as Car-Mart CEO
BHPH Report Staff
Just like how extensions are growing for consumers to make their monthly car payments, America’s Car-Mart also gained an extension to get its finances in order. The buy-here, pay-here dealership chain previously had until Friday to secure new credit. Late ... [Read More]

Car-Mart faces Friday deadline to secure new credit

Nick Zulovich, Senior Editor
America’s Car-Mart has already closed 60 dealerships since November in three separate moves that leadership said was, “because they are the right thing to do for the long-term health of this business.” But if the buy-here, pay-here operation doesn’t secure ... [Read More]

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