COMMENTARY: Time to assess changes at your BHPH or LHPH operation
Thursday, Dec. 16, 2021, 03:36 PM
Gene Daughtry, AMS Consulting
In past years, I would have been advising you to use the down time in the last quarter of a year to make assessments about your operation. Under normal circumstances it is time to evaluate your staff, look into your ... [Read More]
Car-Mart stays in acquisition mode with moves in Tennessee
Thursday, Dec. 16, 2021, 03:33 PM
BHPH Report Staff
On Wednesday, America’s Car-Mart announced its second dealership acquisition in roughly the past 60 days. At the beginning of October, this year’s Independent Dealer of the Year acquired a store in Oklahoma. And now, Car-Mart announced it has entered into ... [Read More]
PODCAST: Insights from NIADA 20 groups with Bill Elizondo
Wednesday, Dec. 15, 2021, 03:01 PM
BHPH Report Staff
For several months now, Bill Elizondo has been back on the road hosting 20 group meetings in his role as senior moderator and consultant at National Independent Automobile Dealer Association. In this episode of the Auto Remarketing Podcast, Elizondo shared ... [Read More]
Byrider aligns with Openbay to boost service department
Tuesday, Dec. 14, 2021, 03:49 PM
BHPH Report Staff
Byrider made a move this week to strengthen its service department. The chain of more than 140 buy-here, pay-dealerships and franchisees became a part of Openbay and its automotive services marketplace, one of the nation’s largest online consumer platforms for ... [Read More]
3 enhancements to AgoraInsights
Tuesday, Dec. 14, 2021, 03:43 PM
BHPH Report Staff
Agora Data added more technological horsepower to its platform aimed to help buy-here, pay-here dealerships gain more financial information and resources to growth their businesses. On Tuesday, the company highlighted the three enhancements it made to AgoraInsights. They include reporting ... [Read More]
Bankruptcies at pace not seen since the 1980s
Thursday, Dec. 9, 2021, 03:17 PM
BHPH Report Staff
It’s been 40 years since bankruptcy filings have been at the pace experts from Epiq and the American Bankruptcy Institute (ABI) are seeing in 2021. Last week, Epiq released its November bankruptcy filing statistics from its AACER bankruptcy information services ... [Read More]
PODCAST: 3 founders of BHPH United discuss purpose & goals
Thursday, Dec. 9, 2021, 03:13 PM
BHPH Report Staff
Buy-here, pay-here dealers asked for more support, and a collection of industry firms are responding to the request. Three founders of a new organization called BHPH United, which was formed for the sole purpose of providing education and resources to ... [Read More]
ABCoA blends Berkshire Risk Services into Deal Pack
Tuesday, Dec. 7, 2021, 03:40 PM
BHPH Report Staff
Advanced Business Computers of America (ABCoA), which has developed complete software solutions for independent dealerships and finance companies since 1983, recently added Berkshire Risk Services to its long list of integrations. With a mission to pioneer an all-in-one buy-here, pay-here ... [Read More]
Car-Mart broadens Oklahoma footprint
Tuesday, Dec. 7, 2021, 03:39 PM
BHPH Report Staff
Fresh off of being named the Independent Dealership of the Year during Used Car Week, America’s Car-Mart expanded its dealership network right after Thanksgiving. The company announced that its newest buy-here, pay-here dealership is located in Norman, Okla., bringing its ... [Read More]
Details of reducing rate line of credit from Agora Data
Tuesday, Nov. 30, 2021, 04:32 PM
BHPH Report Staff
Agora Data recently rolled out another tool for buy-here, pay-here dealers to get the financial resources they need to compete with well-capitalized competitors. The company that previously launched the first crowdsourced securitization for the BHPH industry recently launches another financing ... [Read More]
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