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Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

PassTime finalizes 3rd integration in 2 months

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BHPH Report Staff
For the third time already this year, PassTime is integrating with another technology provider to help buy-here, pay-here dealerships and subprime auto finance companies. This week, PassTime and BlytzPay announced an integration partnership. PassTime — a solutions company that provides ... [Read More]

ANALYSIS: Worried about your exposure due to extending credit in subprime?

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Jim Bass, Center Street Finance
A large percentage of independent buy-here, pay-here dealerships are primarily funded by a line of credit from a bank. For the most part, these arrangements have worked out well for both parties, but there appears to be a growing problem ... [Read More]

J.D. Byrider partners with HomeNet Automotive to bolster online inventory presence

person on phone near cars
BHPH Report Staff
One of the largest networks of buy-here, pay-here dealerships is leveraging a Cox Automotive division in an effort to showcase inventory more effectively online. This week, J.D. Byrider announced it has partnered with HomeNet Automotive to bring SnapLot 360 technology ... [Read More]

Q1 bankruptcies soften year-over-year

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BHPH Report Staff
The American Bankruptcy Institute reported that the first quarter closed with a decline in bankruptcy filings. According to data provided by Epiq Systems, total bankruptcy filings in March decreased 3% year-over-year. The 73,476 total filings in March were down from the ... [Read More]

Auction123 becomes newest NIADA National Member Benefit Partner

partnership gears
BHPH Report Staff
More tools to help members of the National Independent Automobile Dealers Association arrived last week. Auction123, powered by ARI Network Services and a provider of responsive website software, inventory management and automated inventory listings solutions, joined with the association as ... [Read More]

PODCAST: Examining appetite for bulk-portfolio purchases

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BHPH Report Staff
In an effort to touch on an array of topics within the used-vehicle industry, Nick recently connected with AGORA founder and chief executive officer Steve Burke for a podcast about how the market for bulk portfolio purchases is behaving. With ... [Read More]

PassTime integrates with Solutions By Text to maintain customer contact

person on phone near cars
BHPH Report Staff
For the second time this month, PassTime finalized another relationship to help buy-here, pay-here dealerships and finance companies that participate in the subprime space. After solidifying a relationship with AFS Dealers, the automotive GPS solutions provider recently announced it has ... [Read More]

Consumer bankruptcy filings dip as commercial cases soar in February

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BHPH Report Staff
As commercial filings spiked, the American Bankruptcy Institute reported that consumer filings softened in February. According to data provided by Epiq Systems, total bankruptcy filings decreased 1 percent to 56,118 in February from the 56,732 cases filed in February of ... [Read More]

COMMENTARY: 2 factors fuel optimism in latest NIADA Business Confidence Survey

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Scott Lilja and Jennifer Reid, NIADA and Equifax
Independent auto dealers weren’t sold on the economy at large heading into 2019. But they were mildly optimistic about the outlook for their businesses, according to the results of NIADA’s latest Business Confidence Survey. While dealers expecting the overall economy ... [Read More]

PassTime and AFS Dealers finalize software integration

partnership gears
BHPH Report Staff
Collections and repossessions might be a little easier now for buy-here, pay-here and lease-here, pay-here operators who use PassTime and AFS Dealers. The companies announced this week they have completed a software integration and strategic partnership. Executives highlighted that AFS ... [Read More]

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