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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
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here

Consent judgment involving Arizona independent store reiterates ‘as-is’ protocols

compliance
BHPH Report Staff
Allegations triggering a consent judgment surfacing back in May involving an Arizona independent dealership and the state’s attorney general could serve as a stern reminder of what compliance expert Randy Hendrick suggested to operators, especially when retailing vehicles classified “as-is.” ... [Read More]

Former Exeter exec becomes chief compliance officer at Tricolor

new hire 2
BHPH Report Staff
Tricolor is looking to shore up its endeavors to meet state and federal regulatory standards by hiring a chief compliance officer. On Tuesday, the used-vehicle retailer with locations in California and Texas focusing on the sale and financing of vehicles ... [Read More]

COMMENTARY: Advice for running the business within your business

best practices
Gene Daughtry, Contributor
One of the hardest parts of running a business is finding good help. I imagine most dealers agree with that statement. I think that is part of the difficulty, you are looking for help. A warm body to fill a ... [Read More]

Government intervention staves off initial bankruptcy surge

covid flag and cash
BHPH Report Staff
At least initially, federal government intervention to help individuals and business hit financially by the coronavirus pandemic have made a positive impact in terms of bankruptcy filings. But experts suspect conditions will deteriorate in this part of the financial world ... [Read More]

PODCAST: Ken Shilson of Subprime Analytics on BHPH benchmarks, more

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BHPH Report Staff
Ken Shilson of Subprime Analytics made his podcast debut to discuss one of his favorite industry endeavors — the annual buy-here, pay-here benchmarks that can give dealers of all sizes a barometer about a host of operational segments. Shilson also ... [Read More]

First Business Financial Services launches dealer floorplanning

first business for web
Auto Remarketing Staff
Independent dealerships now have another option to secure a floorplan. First Business Financial Services, a Wisconsin-based bank holding company, recently launched its newest product — aptly named Floorplan Financing — and brought in a trio of veteran automotive executives to ... [Read More]

Byrider Wausau moves into new dealership location

Byrider Wausau New Building for web
BHPH Report Staff
The coronavirus pandemic didn’t stop Byrider Wausau from relocating to a renovated location in the Wisconsin city it has served for the past seven years. This week, the dealership that’s part of the Byrider network of buy-here, pay-here dealerships moved into ... [Read More]

Agora partners with DealerSocket to boost portfolio visibility

agora dealersocket for web
BHPH Report Staff
Buy-here, pay-here operators who use DealerSocket now have a streamlined path to tools from Agora Data. On Tuesday, Agora, a Texas-based provider of data, analytics and liquidity solutions for the BHPH industry, announced an integration with DealerSocket’s IDMS web-based dealer ... [Read More]

CliftonLarsonAllen ramps up PPP forgiveness assistance solutions

ppp loan picture
BHPH Report Staff
CliftonLarsonAllen (CLA) understands operators’ accounting activities became much more complicated this year if they participated in the federal Paycheck Protection Program (PPP). To provide crucial assistance, CLA recently announced new solutions to help borrowers tackle loan forgiveness. PPP guidance is ... [Read More]

NIADA adds Textmaxx Pro as National Member Benefit Partner

woman-on-phone
BHPH Report Staff
Especially now during the coronavirus pandemic, operators need other ways of reaching their customers other than a face-to-face conversation. Textmaxx Pro, a national text message communication platform with special expertise in the automotive retail marketplace and part of the Leedom ... [Read More]

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