Ignite celebrates most successful installment of Compliance Unleashed yet
Tuesday, Jun. 4, 2024, 10:15 AM
PODCAST: 20 Group 'legend' Brent Carmichael on why BHPH dealers should rethink their business model
Monday, Jun. 3, 2024, 09:20 AM
PODCAST: Independent Dealer Podcast hosts discuss dealer-to-dealer education, hot topics and ‘celebrity’ status
Friday, May. 31, 2024, 02:56 PM
Empire RRG becomes Diamond-level business partner with NIADA
Thursday, Feb. 15, 2024, 10:39 AM
BHPH Report Staff
Empire Indemnity Insurance Company Risk Retention Group now has a Diamond level business partnership with the National Independent Automobile Dealers Association. Empire chief operating officer Eric Hurst said this strategic move solidifies Empire’s commitment to providing “unparalleled support to dealers ... [Read More]
7 recommendations for independents to sharpen operations
Tuesday, Feb. 13, 2024, 09:33 AM
BHPH Report Staff
With about 45 days already on the 2024 books, NextGear Capital assembled seven recommendations for independent and buy-here, pay-here dealerships to help them stay on a positive track for the rest of the year. These suggestions touch on a variety ... [Read More]
Ignite Consulting Partners on tax season: ‘Watch your speed’
Thursday, Feb. 8, 2024, 11:40 AM
BHPH Report Staff
Ignite Consulting Partners turned to their music library to mark last week’s beginning of the Internal Revenue Service accepting federal tax returns for the current filing season. To explain what this part of the calendar can mean for independent and ... [Read More]
Increases in bankruptcy filings reach 18 consecutive months
Tuesday, Feb. 6, 2024, 12:46 PM
BHPH Report Staff
We’re now a year and a half into the upward march for bankruptcies. Reinforcing findings from the Consumer Stress Legal Index (CSLI) recently shared by LegalShield, data provided by Epiq Bankruptcy last week showed total bankruptcy filings jumped 17% year-over-year ... [Read More]
Car-Mart recaps most successful Holiday Toy Drive yet
Tuesday, Jan. 23, 2024, 10:45 AM
BHPH Report Staff
As America’s Car-Mart put it, “It’s quite a (toy) story.” The buy-here, pay-here dealership network celebrated the most successful effort for its annual Holiday Toy Drive, collecting 31,016 toys and delivering them to 31 children’s hospitals in the company’s 12-state ... [Read More]
Context around Top 10 locations with highest unemployment
Thursday, Jan. 18, 2024, 11:07 AM
BHPH Report Staff
FormRush distributed some intriguing unemployment analysis that might help buy-here, pay-here operators and special finance departments at other dealerships with their underwriting and collections efforts, especially in 10 locations. Susy Bento is the senior data scientist at FormRush, which provides ... [Read More]
COMMENTARY: Strategies for subprime market during challenging economic conditions applies to all
Tuesday, Jan. 16, 2024, 12:38 PM
Tiger Okeley, Oak Motors
It’s a challenging time to be in the car market. A host of colliding economic factors have reduced new car production, limited dealer inventory and driven the cost of new and used vehicles to record highs. At the same time, ... [Read More]
IRS announces date for accepting 2023 tax returns
Tuesday, Jan. 9, 2024, 12:54 PM
BHPH Report Staff
Jan. 29 will be an important day for buy-here, pay-here dealerships. The Internal Revenue Service announced on Monday that Jan. 29 is the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing ... [Read More]
Experts put 18% annual rise in bankruptcies into context
Thursday, Jan. 4, 2024, 10:29 AM
BHPH Report Staff
Total 2023 bankruptcy filings increased 18% year-over-year, but Epiq AACER put that notable rise in context. According to data provided by Epiq AACER on Wednesday, total bankruptcy filings in 2023 came in at 445,186, which was up from the 2022 ... [Read More]
COMMENTARY: Recapping another year in BHPH
Tuesday, Jan. 2, 2024, 03:07 PM
Gene Daughtry, AMS Consulting
Wow, another year ended, and a new one has started. Grandma always said life is like a roll of toilet paper; closer to the end the faster it goes! These years are about down to eight months now it seems. ... [Read More]