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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

ABI: Federal moves keep August bankruptcies from ‘overwhelming the court system’

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BHPH Report Staff
August consumer bankruptcy filings decreased both year-over-year and month-over-month. The head of the American Bankruptcy Institute explained why that movement happened. Before getting into the reasoning from executive director Amy Quackenboss, ABI shared data this week provided by Epiq Systems ... [Read More]

Agora Data opens path to capital markets for BHPH operators

agora capital for web
BHPH Report Staff
This week, Agora Data launched a financing solution that chief executive officer Steve Burke said places buy-here, pay-here operators “on the same playing field as the large dealer groups.” Burke explained that through AgoraCapital, BHPH dealers will have access to ... [Read More]

After advocates sought clarity, Treasury and IRS provide guidance deferring certain payroll tax obligations

payroll tax
BHPH Report Staff
In a move cheered by an organization that advocates for small businesses like independent dealerships, the U.S. Treasury Department and Internal Revenue Service released guidance late last week regarding deferment of certain payroll taxes. The guidance stems from President Trump’s memorandum ... [Read More]

Buckeye acquires SAS Pros to expand market for reinsurance and F&I products

buckeye sas pros for web
BHPH Report Staff
One of the firms that buy-here, pay-here dealers use to bolster its financing options expanded its presence this week via an acquisition. Buckeye Dealership Consulting, a provider of reinsurance and F&I products for independent operators, announced it has acquired Specialty ... [Read More]

Large Washington state independent dealer lands Mitsubishi franchise

Arrottas_Mitsubishi
BHPH Report Staff
One of the largest independent dealers in Washington state is diversifying — by getting into the franchised-store business. Dan Arrotta, who has operated the used-vehicle and RV superstore Spokane Automax in the Spokane, Wash., area since 2013, now is a ... [Read More]

Byrider, KAR executives receive industry accolade

award winner
BHPH Report Staff
This week, Byrider’s Warren Lenard was named a Chief Technology Officer of the Year honoree through a program orchestrated by the Indianapolis Business Journal and Techpoint. The chief technology officer for the network of buy-here, pay-here dealerships was one of ... [Read More]

Agora Data enhances BHPH coverage with ABCoA Deal Pack integration

agora and abcoa for web
BHPH Report Staff
Coinciding with its appearance this week during the Texas Independent Auto Dealer Association’s 2020 Virtual Conference & Expo, Agora Data announced an integration with Advanced Business Computers of America (ABCoA) Deal Pack and its dealer management software solutions. Agora Data ... [Read More]

PassTime, PayNearMe partner to boost payment confirmation and options

passtime pay near me for web
BHPH Report Staff
PassTime and PayNearMe now are collaborating so finance companies know more details about where their collateral is located while also providing more options to help contract holders make their monthly payments. According to a news release, the partnership combines PayNearMe’s ... [Read More]

Bankruptcies remain down year-over-year, but concern remains

bankruptcy 1
BHPH Report Staff
While overall bankruptcies remain lower year-over-year, a rise in a portion of commercial filings during July has the leader of the American Bankruptcy Institute (ABI) concerned about what might be happening later this year. According to data provided by Epiq, ... [Read More]

Car-Mart grows footprint to 150 stores with new location in Tennessee

Chattanooga
BHPH Report Staff
America’s Car-Mart recently marked the opening of its 150th dealership in one of the largest markets in Tennessee. On the last sales day of July, the chain of buy-here, pay-here dealerships began retail operations in Chattanooga, Tenn. The location is ... [Read More]

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