Allegations triggering a consent judgment surfacing back in May involving an Arizona independent dealership and the state’s attorney general could serve as a stern reminder of what compliance expert Randy Hendrick suggested to operators, especially when retailing vehicles classified “as-is.” ... [Read More]

Tricolor is looking to shore up its endeavors to meet state and federal regulatory standards by hiring a chief compliance officer. On Tuesday, the used-vehicle retailer with locations in California and Texas focusing on the sale and financing of vehicles ... [Read More]

One of the hardest parts of running a business is finding good help. I imagine most dealers agree with that statement. I think that is part of the difficulty, you are looking for help. A warm body to fill a ... [Read More]

At least initially, federal government intervention to help individuals and business hit financially by the coronavirus pandemic have made a positive impact in terms of bankruptcy filings. But experts suspect conditions will deteriorate in this part of the financial world ... [Read More]

Ken Shilson of Subprime Analytics made his podcast debut to discuss one of his favorite industry endeavors — the annual buy-here, pay-here benchmarks that can give dealers of all sizes a barometer about a host of operational segments. Shilson also ... [Read More]

Independent dealerships now have another option to secure a floorplan. First Business Financial Services, a Wisconsin-based bank holding company, recently launched its newest product — aptly named Floorplan Financing — and brought in a trio of veteran automotive executives to ... [Read More]

The coronavirus pandemic didn’t stop Byrider Wausau from relocating to a renovated location in the Wisconsin city it has served for the past seven years. This week, the dealership that’s part of the Byrider network of buy-here, pay-here dealerships moved into ... [Read More]

Buy-here, pay-here operators who use DealerSocket now have a streamlined path to tools from Agora Data. On Tuesday, Agora, a Texas-based provider of data, analytics and liquidity solutions for the BHPH industry, announced an integration with DealerSocket’s IDMS web-based dealer ... [Read More]

CliftonLarsonAllen (CLA) understands operators’ accounting activities became much more complicated this year if they participated in the federal Paycheck Protection Program (PPP). To provide crucial assistance, CLA recently announced new solutions to help borrowers tackle loan forgiveness. PPP guidance is ... [Read More]

Especially now during the coronavirus pandemic, operators need other ways of reaching their customers other than a face-to-face conversation. Textmaxx Pro, a national text message communication platform with special expertise in the automotive retail marketplace and part of the Leedom ... [Read More]