COMMENTARY: COVID-19, the CARES Act and BHPH dealer liquidity
Tuesday, May. 12, 2020, 04:00 PM
Jim Bass, Agora Data
My oh my, this COVID-19 virus thing is not a good thing. It’s not good. It’s bad for business. It’s also been a bad thing for our personal lives. Hopefully, you and your family have fared well through this crisis. ... [Read More]
Byrider offers purchase discount to support first responders
Thursday, May. 7, 2020, 02:48 PM
BHPH Report Staff
Byrider is looking to help first responders who are on the frontlines in the fight against COVID-19 have reliable transportation by offering a special discount toward a vehicle purchase through the end of May. The network of buy-here, pay-here dealerships ... [Read More]
Federal assistance possibly slows April bankruptcy filings
Tuesday, May. 5, 2020, 02:28 PM
BHPH Report Staff
The newest information from the American Bankruptcy Institute (ABI) possibly shows the positive impact of federal intervention to support consumers and businesses during the coronavirus pandemic. According to data provided by Epiq Systems and released on Tuesday, total U.S. bankruptcy ... [Read More]
PODCAST: Stories about resilient dealers from Ignite Consulting Partners
Thursday, Apr. 30, 2020, 02:01 PM
BHPH Report Staff
Ignite Consulting Partners has dealership clients not only in its home state of Texas, but nationwide. And the firm has been communicating with those operators daily throughout the crisis, discussing disaster plans and more. Chief legal and compliance officer Steve ... [Read More]
Tricolor hires former Dealertrack and DealerSocket exec as chief product and strategy officer
Tuesday, Apr. 28, 2020, 02:11 PM
BHPH Report Staff
Tricolor chose an executive who has past experience with companies such as Dealertrack and DealerSocket to be its chief product and strategy officer. On Monday, the used-vehicle retailer focused on the sale and financing to Hispanic consumers announced Jennifer Lee has ... [Read More]
Agora Data offers closer look at BHPH delinquency, recency during COVID-19
Thursday, Apr. 23, 2020, 03:24 PM
BHPH Report Staff
While the latest overall auto-finance default reading came in at the lowest point in the past 10 years, Agora Data tried to generate more clarity about delinquency specific to the buy-here, pay-here industry. Through which AgoraInsights shared exclusively with BHPH Report ... [Read More]
PODCAST: NIADA’s Petersen on independent dealer resiliency & association activities
Tuesday, Apr. 21, 2020, 01:48 PM
BHPH Report Staff
The past six weeks have represented one of the busiest stretches ever experienced by the National Independent Automobile Dealers Association because of the coronavirus pandemic. NIADA senior vice president of legal and government affairs Shaun Petersen returned to the podcast, ... [Read More]
NIADA COVID-19 Dealer Impact Survey offers ‘positive message’
Thursday, Apr. 16, 2020, 03:52 PM
BHPH Report Staff
As much disheartening data surfaces nowadays connected with the coronavirus pandemic, results from the newest National Independent Automobile Dealers Association member survey offered some upbeat information. According to the results released on Wednesday, NIADA highlighted independent dealers, for the most ... [Read More]
Equifax & NIADA hosting free webinar about credit reporting during pandemic
Wednesday, Apr. 15, 2020, 04:50 PM
BHPH Report Staff
With millions of individuals losing their jobs during the coronavirus pandemic, auto-finance companies and buy-here, pay-here dealers with related finance companies often have been working with their customers on deferments and other payment modifications, triggering a host of questions about ... [Read More]
NIADA wants BHPH operators’ related finance companies covered by CARES Act
Monday, Apr. 13, 2020, 03:05 PM
BHPH Report Staff
The National Independent Automobile Dealers Association is seeking clarity from federal officials to help one of the most crucial parts of a buy-here, pay-here operator’s business — their related finance company. According to a news release distributed on Monday, NIADA ... [Read More]
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