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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

Mixed movements in May on bankruptcy front

bankruptcy image
BHPH Report Staff
While a portion of commercial filings made a note rise year-over-year, data provided by Epiq Bankruptcy showed that the overall bankruptcy total in May actually dropped by double digits compared to a year ago. The firm reported total bankruptcy filings ... [Read More]

‘Showstopping’ BMW to be auctioned for NIADA Foundation

BMW for NIADA auction for web
BHPH Report Staff
Attendees at the upcoming National Independent Automobile Dealers Association annual gathering who have a taste for luxury and an affinity to help others can satisfy both with one winning bid. For the 10th consecutive year, officials highlighted the NIADA Convention ... [Read More]

FIADA appoints former board member to be executive director

FIADA executive director for web
BHPH Report Staff
The process pf searching for and interviewing candidates took three months, but the Florida Independent Automobile Dealers Association (FIADA) board of directors is giving full support to its new executive director who previously served the organization. FIADA announced the appointment ... [Read More]

PODCAST: Getting on the right path to meet demands of FTC Safeguards Rule

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BHPH Report Staff
ComplyNet president and general counsel Adam Crowell returned for another appearance on the Auto Remarketing Podcast; this time with the topic being the Safeguards Rule enhanced by the Federal Trade Commission. Dealerships have until December to get its compliance in ... [Read More]

12 finalists in running for NIADA’s 2022 National Quality Dealer Award

NIADA 2022 quality dealer logo for web
BHPH Report Staff
A dozen operators are in the running for the National Independent Automobile Dealers Association’s highest honor for its member dealers. On Monday, NIADA announced the finalists for the 2022 National Quality Dealer Award. The 12 finalists have all been selected ... [Read More]

National Lenders rolls out aggressive CPI program

ken terkel and eric hurst for web
BHPH Report Staff
With an executive team in place as well as a relationship with the National Independent Automobile Dealers Association cultivated, National Lenders General Agency announced a new product offering this week. The firm specializing in reinsurance products for dealerships and finance ... [Read More]

Bankruptcy filings drop 21% in April

bankruptcy 1
BHPH Report Staff
The drop in bankruptcy filings during April did not surprise industry experts. According to data provided by Epiq Bankruptcy, total U.S. filings last month decreased 21% from the previous year. [Read More]

Agora Data highlights latest crowdsourced securitization

money-key
BHPH Report Staff
It appears Agora Data might be doing more than just creating a “level playing field” for dealerships and finance companies, but also providing a place for financial victories, too. On Monday, the auto fintech firm announced the closing of ACAST ... [Read More]

Kinetic Advantage promotes 2 current execs to SVP roles

kinetic SVPs for web
BHPH Report Staff
Kinetic Advantage promoted two of its executives to be senior vice presidents in moves that became effective on May 1. The floor plan provider announced this week that Will Chandler was given the role of senior vice president of sales ... [Read More]

Ignite compiles 8-point repossession compliance checklist

best practices
BHPH Report Staff
Ignite Consulting Partners offers a compliance tip each week for dealerships. This week’s installment delves into a business segment buy-here, pay-here operators often face — repossessions — recapping a $98 million settlement as being possible when regulations aren’t followed exactly. ... [Read More]

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