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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

Coalition of more than 100 associations seeks streamlined PPP loan forgiveness

covid flag and cash
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
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
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
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
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
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
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]

Agora Data welcomes Hardy as VP of portfolio solutions

new hire
BHPH Report Staff
Agora Data reinforced its personnel going into next week’s National Independent Automobile Dealers Association 2020 Virtual Conference & Expo. On Tuesday, the finance-solution provider of predictive loan technology for buy-here, pay-here dealers announced that auto industry expert Chantelle Hardy has ... [Read More]

PassTime details 4 enhancements of Encore 2

passtime screenshot for web
BHPH Report Staff
Knowing precisely the status of your collateral likely is even more important in a world impacted by COVID-19. On Tuesday, PassTime announced the launch of the Encore 2, the next generation of Encore, its battery-powered GPS device that hit the ... [Read More]

Enoch Enterprises grows Byrider footprint in Texas

Byrider Killeen for web
BHPH Report Staff
One of Byrider’s award-winning, buy-here, pay-here dealership franchisees recently set up a new retail location near one of the largest military installations in the United States. Byrider franchise group, Enoch Enterprises, just opened a new location in Killeen, Texas. The ... [Read More]

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