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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

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]

NIADA highlights modifications, new virtual options for annual convention

the wynn for web
BHPH Report Staff
The National Independent Automobile Dealers Association is making a host of modifications for its 74th annual NIADA|NABD Convention and Expo because of the coronavirus pandemic. First, NIADA said the event has been rescheduled for Sept. 21-24 at the Wynn Las ... [Read More]

Tricolor releases whitepaper about CDFI success as securitizations get upgraded

tricolor logo for web
BHPH Report Staff
Tricolor recently released a whitepaper about its success as a subprime auto-finance provider that specializes in working with Hispanic consumers, receiving designation as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department last year. Not only does the ... [Read More]

CarHop closes 2 Pennsylvania stores because of COVID-19 pandemic

carhop for website
BHPH Report Staff
Economic impacts related to the COVID-19 pandemic forced CarHop to diminish its dealership footprint. The chain of buy-here, pay-here dealerships recently announced the closure of its two Pennsylvania locations in Carnegie and Pittsburgh. CarHop, which has offered special financing through ... [Read More]

Texas Capital calls off merger, announces departure of president & CEO

Texas Capital for web
BHPH Report Staff
One of the primary capital providers for buy-here, pay-here dealers not only called off a merger agreement with another bank in the Lone Star State, the institution also announced a significant change in leadership. Texas Capital Bancshares, the parent company ... [Read More]

PODCAST: Leveraging insurance to protect dealerships during COVID-19

podcast image
BHPH Report Staff
ComplyNet president and general counsel Adam Crowell recently debuted on the podcast to share how dealers are becoming more concerned about the health of their businesses than contracting the coronavirus. Crowell, who oversees the compliance solutions and risk mitigation provider that developed ... [Read More]

Finding quality employees — especially technicians — greatly challenges independent operators

Chuck Bonanno
Nick Zulovich, Senior Editor
Independent stores might have attractive vehicles in their inventory. They might have a superb location, too. They might even have an established customer base of repeat buyers who share their positive experiences with friends and family. But Chuck Bonanno pinpointed ... [Read More]

NIADA survey: Independent dealers bringing workers back to stores

Steve Jordan at UCW
BHPH Report Staff
States are slowly lifting stay-at-home restrictions, and independent dealerships are among the businesses now benefitting. Employees are coming back to work and vehicles are beginning to roll over the curb more frequently as independent operators ramp up to get back ... [Read More]

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