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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

Bankruptcy filings & consumer financial stress keep intensifying in November

paying bills
BHPH Report Staff
Data and perspectives from Epiq AACER, the American Bankruptcy Institute (ABI) and LegalShield highlighted climbing filings and rising stress from consumers. According to data provided by Epiq AACER, total bankruptcy filings came in at 43,661 in November, an 8% increase ... [Read More]

Byrider honors operators for best overall performance & most improved

byrider picture for web
BHPH Report Staff
Byrider honored more than a dozen buy-here, pay-here franchise dealership operators in Scottsdale, Ariz., earlier this month during its annual convention; an event that drew praise from an attorney at Weltman, Weinberg & Reis Co. “Each year we take a ... [Read More]

BHPH United Summit bringing lease-here, pay-here into 2026 event

BHPH Report Staff
A year ago, BHPH United and Compliance Unleashed merged into a single training event to help buy-here, pay-here operators improve their businesses in a variety of ways, all within the confines of state and federal regulations. Last week, a third ... [Read More]

NIADA recaps another successful BHPH Dealer Forum

BHPH Report Staff
Michele Somich certainly made the most of her time with the National Independent Automobile Dealers Association in the Music City this week. Somich, of The Car Store in Piney Flats, Tenn., received accolades from her dealer peers and won the ... [Read More]

COMMENTARY: Beyond the credit score & how holistic underwriting drives BHPH success

Title Twins gain more capability through West Virginia’s Clearinghouse
Tiger Okeley, Oak Motors
Not long ago, the buy-here, pay-here industry had a reputation for selling cars to anyone with a pulse. In those days, high-volume and low-selectivity lending practices meant loan approvals were nearly automatic. But rising inventory and account-servicing costs have made ... [Read More]

Kinetic Advantage celebrates fifth anniversary

BHPH Report Staff
Kinetic Advantage provided a dealer floorplan for the first time on Nov. 5, 2020; a point when the pandemic seemingly impacted every part of the car business and beyond. It’s five years later and Kinetic Advantage not only remains in ... [Read More]

Car-Mart explains how $300M loan enhances capital structure ‘at a time of uncertainty in the market’

Campbell to succeed Williams as Car-Mart CEO
BHPH Report Staff
America’s Car-Mart closed the month with an important deal to solidify its long-term finances. On Thursday, the buy-here, pay-here dealership chain announced the closing of a new five-year, $300 million funded term loan facility provided by funds managed by Silver ... [Read More]

BHPH United & PrimaLend ‘part on good terms’

BHPH Report Staff
Another side effect of PrimaLend filing for Chapter 11 bankruptcy last week surfaced soon afterward. Along with being a floorplan provider, PrimaLend was a founding member of BHPH United, which is comprised of seven service providers that organize an annual ... [Read More]

Ignite & NIADA warn dealers about recent CFPB phishing scam

defi SOLUTIONS calls out ‘bluff’ of recent hacker threats
BHPH Report Staff
Both Ignite Consulting Partners and the National Independent Automobile Dealers Association warned dealerships about what they believe to be a phishing scam with fraudsters pretending to be from the Consumer Financial Protection Bureau. In an industry message, Ignite Consulting Partners ... [Read More]

Details of tax season consulting groups specifically for BHPH & independent dealers

Details of upcoming repossession webinars from ARA & Weltman
BHPH Report Staff
Tax Max wants buy-here, pay-here and independent dealers to have clear strategy in place now through the close of federal and state filing seasons. So, the company announced new tax season consulting groups, which will gather each Tuesday via Zoom ... [Read More]

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