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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here

Tricolor recaps recent successes in Hispanic market via new white paper

tricolor white paper screen shot for web
BHPH Report Staff
Tricolor — a tech-enabled Community Development Financial Institution (CDFI) and one of the nation’s largest used-vehicle retailers that caters to Hispanic consumers — said in a new white paper that, in fact, 96% of its customers are Hispanic. And the ... [Read More]

Carpay arrives as newest NIADA National Corporate Partner

carpay screen shot for web
BHPH Report Staff
It’s probably the unofficial mantra of buy-here, pay-here dealers when operators say, “We’re not in the car business. We’re in the collections business.” Well, the newest Bronze-level National Corporate Partner of the National Independent Automobile Dealers Association aims to help ... [Read More]

COMMENTARY: Current landscape demands shrewd strategy by BHPH operators

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David Meyer, Advantage GPS
“It’s a perfect storm of used-vehicle demand meeting a perfect drought of used-vehicle supply.” That was the word from KAR Global chief economist Tom Kontos in his latest update regarding current used-vehicle market conditions. Consumers are now learning what used-vehicle ... [Read More]

New bankruptcy filings top 40K for second straight month

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BHPH Report Staff
Bankruptcy filings are continuing to trend higher as segments of the financial world continue to move toward what experts might think of as normal. Epiq recently released its April bankruptcy filing statistics from its AACER bankruptcy information services business and ... [Read More]

Funds for more PPP loans evaporate

covid flag and cash
BHPH Report Staff
If your independent dealership didn’t already secure a Paycheck Protection Program loan, it’s unlikely you’ll be seeing those federal funds. While the program was originally extended through the end of May, the Small Business Administration announced the exhaustion of PPP ... [Read More]

NextGear recaps 3 enhancements to Account Portal

Scott of NextGear for web_0
BHPH Report Staff
Ryan Martin, general manager of Strawberry Road Auto Sales in Pasadena, Texas, is one of the scores of independent dealers NextGear Capital is trying to help via its enhanced Account Portal. “Having the right tools and technology to support my ... [Read More]

Byrider launches new path to landing franchise

Byrider lot for web
BHPH Report Staff
Byrider is looking to make it easier for dealer operators and other entrepreneurs to gain a franchise in its network of buy-here, pay-here stores. This week, the company announced the launch of its new franchising model, Byrider Direct, adding what ... [Read More]

VINsmart joins NIADA’s list of National Corporate Partners

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BHPH Report Staff
This week, the National Independent Automobile Dealers Association announced the newest vendor to join the organization as a National Corporate Partner. According to a news release, VINsmart joined this NIADA group as its newest bronze-level member, offering affordable, reliable vehicle ... [Read More]

Former Maryland independent dealer allegedly pulls $2.2M fraud involving PPP funds

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BHPH Report Staff
The reputation of independent dealerships took another hit recently when the Department of Justice revealed unscrupulous allegations against a former Maryland operator that included using the Paycheck Protection Program (PPP) to purchase nearly 40 luxury vehicles, acquire real estate and ... [Read More]

AFC elevates Mitchell to COO

will mitchell with logo for web
BHPH Report Staff
Will Mitchell has been with Automotive Finance Corp. for six years and now he’s one of the floorplan provider’s top executives. The KAR Global business unit on Tuesday announced the promotion of Mitchell to chief operating officer; a position where he ... [Read More]

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