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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

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

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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]

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

bankruptcy image
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]

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