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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

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

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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]

PODCAST: Approaching dealership advertising like a baseball game

baseball diamond
BHPH Report Staff
Kenny Atcheson is the founder and president of Dealer Profit Pros, which designs marketing and advertising programs for dealerships. Atcheson also is quite fond of baseball. During this episode of the Auto Remarketing Podcast, Atcheson told senior editor Nick Zulovich ... [Read More]

COMMENTARY: COVID-19, the CARES Act and BHPH dealer liquidity

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Jim Bass, Agora Data
My oh my, this COVID-19 virus thing is not a good thing. It’s not good. It’s bad for business. It’s also been a bad thing for our personal lives. Hopefully, you and your family have fared well through this crisis. ... [Read More]

Byrider offers purchase discount to support first responders

byrider image for web
BHPH Report Staff
Byrider is looking to help first responders who are on the frontlines in the fight against COVID-19 have reliable transportation by offering a special discount toward a vehicle purchase through the end of May. The network of buy-here, pay-here dealerships ... [Read More]

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