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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

Altamont invests in Kinetic with eye on growing floorplan business among independent dealers

kinetic for web
BHPH Report Staff
Altamont Capital Partners said the investment firm is “impressed” with Kinetic Advantage, a newly formed floorplan financing company led by industry veterans Marty McFarland, Randy Dohse and Chris Brady. While specific terms of the transaction were not disclosed on Monday, ... [Read More]

Full PPP loan access to return no later than Tuesday

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BHPH Report Staff
For some buy-here, pay-here operators seeking a Paycheck Protection Program (PPP) loan, their banker could have access to the program as soon as Friday. If the opportunity doesn’t arrive by the end of the week, federal officials confirmed that the ... [Read More]

2020 bankruptcy filings sink to lowest level in 34 years

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BHPH Report Staff
Of all the financial turbulence created by the pandemic, a record-setting number of bankruptcies was not among the unprecedented developments. In fact, according to data shared by the American Bankruptcy Institute (ABI) and Epiq, last year generated the fewest filings ... [Read More]

CARite expands in 2 states to lift group size to 26 stores

Carite image for web
BHPH Report Staff
Credit Acceptance founder Don Foss created his own dealership group 10 years ago. And now a decade later, that operation — CARite — has 26 locations with the two newest ones coming into the group this week. According to a ... [Read More]

Agora Data calls crowdsourced auto securitization a ‘quantum leap’ for BHPH dealers

agora securitization for web
BHPH Report Staff
Sometimes, too many cooks in the kitchen can be a recipe for disaster. But Agora Data championed a financial dish with several buy-here, pay-here operators and smaller finance companies that the tech firm says “represents a quantum leap” for their ... [Read More]

Car-Mart expands in Oklahoma, increases line of credit

new carmart logo for web
BHPH Report Staff
America’s Car-Mart made a pair of moves before 2020 finished as the chain of buy-here pay-here dealerships expanded its footprint in Oklahoma while also increasing its revolving line of credit. Car-Mart now has 151 dealerships in its network after bringing ... [Read More]

PassTime & Polte partner to leverage cloud & 5G technology for asset tracking

passtime polte for web
BHPH Report Staff
PassTime GPS recently formed a strategic partnership with Polte Corp., in an effort to reinforce its service so dealerships and finance companies can track the location of their collateral more effectively. Fueled by cloud location over cellular (C-LoC) technology, the ... [Read More]

Tricolor adds 2 more members to board

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BHPH Report Staff
Tricolor, the used-vehicle retailer focused on Hispanic customers, recently added to leaders to its board of directors to help it to capitalize on consumer demand for its products and the appeal of its unique mission-driven, risk scoring platform powered by ... [Read More]

Indianapolis Business Journal honors Byrider CFO

trophies
BHPH Report Staff
The Indianapolis Business Journal named Byrider’s Steve Mark as one of the publication’s Chief Financial Officer of the Year honorees this week, recognizing individuals who have demonstrated outstanding performance as financial leaders of their organizations. During his time at Byrider ... [Read More]

PODCAST: Lessons learned by BHPH operators during pandemic

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BHPH Report Staff
Buy-here, pay-here dealership expert and senior consultant for AMS Consulting Gene Daughtry returns for another podcast episode to share some of the most valuable lessons he and independent operators learned during the pandemic. Daughtry also has a handful of suggestions ... [Read More]

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