October BHPH conference set for Las Vegas
Thursday, Jul. 12, 2018, 03:14 PM
BHPH Report Staff
Operators can get some treats ahead of Halloween as the biggest buy-here, pay-here specific event of the year is headed back to Las Vegas. The NABD Buy-Here, Pay-Here Subprime Conference, powered by the National Independent Automobile Dealers Association, is set ... [Read More]
Halfway through 2018, bankruptcy filings down 3 percent
Tuesday, Jul. 10, 2018, 01:32 PM
BHPH Report Staff
At the year’s halfway point, bankruptcy filings are down year-over-year, according to figures distributed by the American Bankruptcy Institute. Data provided by Epiq Systems showed total bankruptcy filings during the first six months of the year decreased 3 percent to ... [Read More]
4 store developments involving Car-Mart and DriveTime
Thursday, Jul. 5, 2018, 02:41 PM
BHPH Report Staff
America’s Car-Mart and DriveTime combined to make four moves involving their dealership network in four different states during the past month. DriveTime shared developments in connection with three locations, including the opening of a new dealership in Woodbridge, Va. DriveTime’s ... [Read More]
AGORA brings in Barry to oversee sales and Hudson to join board
Tuesday, Jul. 3, 2018, 02:46 PM
BHPH Report Staff
AGORA, a Texas-based provider of technology solutions for the financial services industry, recently made two more moves to bolster its position as a platform for bulk portfolio transactions. Along with announcing that Chris Barry has become a part of the ... [Read More]
Tricolor names chief innovation officer
Thursday, Jun. 28, 2018, 03:08 PM
BHPH Report Staff
Tricolor, one of the nation’s largest used-vehicle retailers designed to serve Hispanic consumers, recently announced the addition of veteran financial services executive Jason Hutton as its chief innovation officer. Hutton, who will report directly to chief executive officer Daniel Chu, ... [Read More]
Alabama dealer receives NIADA and Cox Automotive Community Service Award
Thursday, Jun. 21, 2018, 04:39 PM
BHPH Report Staff
As the National Independent Automobile Dealers Association revamps its Certified Master Dealer program, an Alabama operator was honored for doing more than just helping customers secure a vehicle. A&D Motors Inc., whose philanthropy has made a difference throughout its small ... [Read More]
NextGear Capital to deploy new auditing tool for dealers
Thursday, Jun. 14, 2018, 03:33 PM
BHPH Report Staff
More dealer assistance is set to arrive this summer, especially for buy-here, pay-here operators who have to juggle the end-to-end process of finding inventory, reconditioning vehicles and finalizing deliveries. Stemming from dealer feedback to make a challenging audit process easier, ... [Read More]
Confident Financial Solutions and WebBank launch loan platform for vehicle repairs
Tuesday, Jun. 12, 2018, 02:22 PM
BHPH Report Staff
When the phone rings at a buy-here, pay-here dealership, it’s not uncommon for customers to be calling the store about a vehicle mechanical problem. To help consumers who might not have the financial resources for major repairs, Confident Financial Solutions ... [Read More]
May bankruptcy filings drop 4 percent
Thursday, Jun. 7, 2018, 03:05 PM
BHPH Report Staff
The American Bankruptcy Institute reported May filings dropped both on a sequential and year-over-year comparison. According to data provided by Epiq Systems, total U.S. bankruptcy filings came in at 67,307 in May, representing a 4-percent decrease from the same month ... [Read More]
Westlake rolls out spot insurance program for California dealers
Tuesday, Jun. 5, 2018, 04:19 PM
BHPH Report Staff
Buy-here, pay-here dealers in California who watch vehicles roll over the curb with buyers who have insurance challenges can take advantage of a new product offered by Westlake Financial Services. The finance company recently announced a new spot delivery insurance ... [Read More]
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