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Industry Elite: Sean Morgan of Westlake Financial
Monday, Mar. 23, 2026, 03:07 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Sean Morgan, who is executive vice president of finance and operations at Westlake Financial. Morgan talks with Cherokee Media Group senior editor Joe Overby ... Listen Here
Automotive Intelligence Award honoree Tom Kontos of Auto Auction Holdings
Monday, Mar. 23, 2026, 01:56 PM
Our conversations with the 2026 Automotive Intelligence Award winners continue with Tom Kontos, who now is analytics advisor for Auto Auction Holdings. Convinced to come out of retirement and get back in the business last fall with the growing wholesale ... Listen Here
Industry Elite: Mike Clark Jr. of C&C Cars
Friday, Mar. 20, 2026, 03:50 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Clark Jr., operations manager of C& C Cars in Pinellas Park, Fla. Clark is a third-generation dealer and helps run the family business ... Listen Here

ADESA generates more than $20K for NIADA Foundation

money stack 100684213
Thursday, Oct. 8, 2020, 02:24 PM
BHPH Report Staff
Illinois independent dealer Eric Nelson isn’t really sure what he’s going to do with his new acquisition. That really wasn’t on his mind when he bought the head-turning, late-model sports car. Rather, Nelson was thinking more about where his money ... [Read More]

Tricolor obtains $50M loan from Kennedy Lewis

KLIM_logo_Logo for web
Tuesday, Oct. 6, 2020, 02:40 PM
BHPH Report Staff
A little more than a week after rolling out the sixth securitization in company history, Tricolor Auto landed a significant financial commitment from Kennedy Lewis Investment Management. Kennedy Lewis, which classifies itself as an opportunistic credit manager, has funded a ... [Read More]

ABCoA launches next installment of browser-based platform

Jonathan Hedy for web
Tuesday, Oct. 6, 2020, 02:37 PM
BHPH Report Staff
A web browser is the gateway to so many business and personal activities nowadays. And ABCoA wanted to make sure its latest tool for dealerships and subprime finance companies can be utilized through that technology path. During its recent 2020 ... [Read More]

Coalition of more than 100 associations seeks streamlined PPP loan forgiveness

covid flag and cash
Thursday, Oct. 1, 2020, 03:31 PM
BHPH Report Staff
Imagine as an independent dealer who received a Paycheck Protection Program (PPP) loan of less than $150,000, you only had to answer a single, simple question to confirm the funds were used in accordance to PPP guidelines. And then the ... [Read More]

GSFSGroup to fuel F&I component of NIADA CPO program

NIADA certified for web
Tuesday, Sep. 29, 2020, 02:10 PM
BHPH Report Staff
A new service provider now is involved with an established program for independent dealerships to retail certified vehicles just like their franchised store competition. According to a news release distributed on Tuesday, GSFSGroup has partnered with the National Independent Automobile ... [Read More]

EFG reinforces reinsurance program that could save dealers $100K annually

John and EFG for web
Thursday, Sep. 24, 2020, 03:12 PM
BHPH Report Staff
EFG Companies is fully aware that operators likely are tracking every penny that flows through their businesses nowadays. As a result, this week the company bolstered its formal fraud detection program for dealers, creating significant roadblocks against fraud and theft ... [Read More]

Ignite bringing together 4 providers for event with $2,500 in attendee prizes

training
Thursday, Sep. 24, 2020, 03:07 PM
BHPH Report Staff
Because 2020 has been a trying time for so many operators, Ignite Consulting Partners is offering buy-here, pay-here dealerships and finance companies that specialize in subprime paper the chance to get something valuable that’s tangible, both intellectually and financially. The ... [Read More]

Tricolor places $167M bond offering as part of 6th securitization

money-key
Thursday, Sep. 24, 2020, 03:04 PM
BHPH Report Staff
This week, Tricolor went back to the investment world, announcing the sixth securitization in company history. The Community Development Financial Institution (CDFI) and the used-car retailer focusing on the sale and financing of vehicles to Hispanics said their action included the ... [Read More]

Agora Data & Westlake collaborate on ‘pioneering’ platform for BHPH dealers

auto financing
Tuesday, Sep. 22, 2020, 02:54 PM
BHPH Report Staff
Imagine as a buy-here, pay-here operator, you had access to some of the same financial and technological horsepower franchised dealerships have with their relationships to automakers and captives. That’s pretty much what Agora Data and Westlake Portfolio Management (WPM), a ... [Read More]

Former NIADA president and finance manager plead guilty in fraud case

DOJ picture_0
Tuesday, Sep. 22, 2020, 02:51 PM
BHPH Report Staff
A former president of the National Independent Automobile Dealers Association and one of his store managers recently pleaded guilty in federal court to a charge of fraud conspiracy, according to an announcement from U.S. Attorney Scott Brady. The Justice Department ... [Read More]

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