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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

Former California dealer sentenced to more than 4 years in federal prison for bank fraud

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BHPH Report Staff
This example shows how a former independent dealer was the perpetrator of a fraud scheme, rather than a victim. A news release from the U.S. Attorney’s Office for the Eastern District of California indicated Scott Radtke, of Clovis, Calif., was ... [Read More]

10 tips for independent dealers to thrive in 2023

top 10
BHPH Report Staff
Cox Automotive acknowledged that by nearly every measure, 2022 was a difficult year for independent dealers, who were challenged by historically low vehicle inventories, high prices and the ongoing risk of an economic recession. With predicting the year ahead will ... [Read More]

Individual Chapter 13 bankruptcy filings make ‘substantial’ jump in 2022

2022 bankruptcy chart for web
BHPH Report Staff
If they haven’t already, buy-here, pay-here dealerships might be seeing more applicants arriving with an active bankruptcy on their credit file. According to data provided by Epiq Bankruptcy, individual Chapter 13 bankruptcy filings in 2022 increased 32% to 149,072 from ... [Read More]

5 findings from TransUnion’s analysis of child support payments & delinquency

Revisiting topic of partial payments
BHPH Report Staff
Oftentimes, what buy-here, pay-here operators and their related finance company underwriters check when considering an applicant is their child support status and if they’ve maintained those payments. A new TransUnion public sector analysis shed new light on how those child ... [Read More]

Top 7 states for individual bankruptcies in November

bankruptcy image
BHPH Report Staff
While a single company influenced the rising number of commercial Chapter 11 bankruptcy filings in November, consumer filings rose more evenly, according to data provided by Epiq’s Bankruptcy Analytics platform. Epiq reported total U.S. bankruptcy filings in November came in ... [Read More]

Kinetic Advantage unveils 7 enhancements to floorplan management portal

money-key
BHPH Report Staff
This week, Kinetic Advantage announced more than a half dozen enhancements to its proprietary dealer management portal, Kinetic 360. The independent floorplan provider highlighted the new Kinetic 360 showcases a sleek and responsive design with functionality that can allow users ... [Read More]

COMMENTARY: Advice for independent operators to manage inventory in lean times

price-tag-3
James Virgoe, GWC Warranty
Used-vehicle prices are falling, inventory is still difficult to acquire, and economic conditions continue to weaken. These are challenging times for independent dealers. In times like these, inventory management is key to staying profitable. Here are a few tips to ... [Read More]

Car-Mart acquires longtime Lone Star State operation

Car-Mart expands via acquisition, reports fiscal Q2 performance
BHPH Report Staff
After acquiring the assets from two different independent operators last year, America’s Car-Mart finalized a similar move this week, announcing that the chain of buy-here, pay-here dealerships entered into a definitive agreement to purchase the ongoing dealership assets of Credit-Line, ... [Read More]

Cox Automotive moves auction GM into NextGear Capital VP role

nextgear exec for web
BHPH Report Staff
Cox Automotive is shifting one of its auction general managers into an executive role with its floorplan provider. On Tuesday, NextGear Capital appointed former Manheim general manager Nicole Graham-Ponce as vice president of portfolio management, following the recent appointment of former ... [Read More]

Tricolor Holdings named Inc. 2022 Best in Business award winner

Tricolor gains US patent for AI-driven underwriting tool
BHPH Report Staff
Tricolor Holdings added another award to its mantle. The used-vehicle retailer that focuses on the Hispanic market announced that it has been named to the Inc. 2022 Best in Business list, which honors companies that have made an “extraordinary” impact ... [Read More]

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