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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

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

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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]

Q1 closes with biggest surge in consumer bankruptcies since COVID-19 arrived

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BHPH Report Staff
The first quarter closed with the largest amount of consumer bankruptcy filings registered during a single month since the pandemic began. According to filing statistics from Epiq’s AACER bankruptcy information services business, there were 41,150 new non-commercial consumer filings in ... [Read More]

Texas Capital taps experienced exec to be head of corporate banking

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BHPH Report Staff
This week, Texas Capital Bank welcomed an executive who has served at institutions such as Truist Financial, Wells Fargo and Fifth Third Bank to serve in the newly created position of head of corporate banking. Appointed to this post effective ... [Read More]

Potential benefits of NextGear Capital’s new flex pricing program

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BHPH Report Staff
In a move intended to improve cash flow for independent dealers, NextGear Capital on Thursday introduced a new program for its floorplan financing. The company highlighted its new flex pricing program can reduce the principal paydown rate to .01% per ... [Read More]

Top executives from GPS & LPR worlds discuss pandemic, industry future & more

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Nick Zulovich, Senior Editor
Two of the sharpest tools buy-here, pay-here operators can use to mitigate their risk are GPS devices and license-plate recognition technology. With the pandemic still significantly impacting just about every aspect of life nowadays, BHPH Report reconnected with two top executives ... [Read More]

PODCAST: Leveraging potential tax advantages triggered by pandemic & more

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BHPH Report Staff
The exciting part of tax season is retailing vehicles and filling the portfolio of paper to generate payments for many months to come. The complicated part of tax season is making sure your business made all of its necessary filings ... [Read More]

PPP loans now available until the end of May

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BHPH Report Staff
For buy-here, pay-here operators and other independent dealerships that haven’t gotten or used federal resources to aid their businesses, they now have more time to complete applications and secure funding. Earlier this week, President Joe Biden signed the PPP Extension ... [Read More]

Car-Mart unveils inaugural corporate responsibility report

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BHPH Report Staff
America’s Car-Mart recently released its first corporate responsibility report as part of its ongoing efforts to increase disclosures and transparency as the network of buy-here, pay-here dealerships celebrates four decades of success. According to a news release, the report highlights ... [Read More]

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