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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

NextGear Capital’s streamlined auditing process now nationwide

computers and business
BHPH Report Staff
NextGear Capital has rolled out its new Self Reconciliation feature nationally, available through the Account Portal. The company says the Self Reconciliation functionality simplifies the necessary floorplan auditing process. In releasing the feature, NextGear noted it will help dealers who ... [Read More]

Total annual bankruptcy filings dip for 9th consecutive year

bankruptcy 2
BHPH Report Staff
The American Bankruptcy Institute highlighted that total filings in 2018 represented a decrease for the ninth year in a row. According to data provided by Epiq Systems, total bankruptcy filings in 2018 dropped 2 percent year-over-year. Filings fell from 766,761 ... [Read More]

PODCAST: AFC president Jim Money

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BHPH Report Staff
Automotive Finance Corp. president Jim Money shared a conversation with Nick during Used Car Week 2018 to discuss trends involving dealership floor planning and other commercial lending that helps stores thrive. Money also touched on how actions by the Federal ... [Read More]

IRS confirms tax refund plan despite government shutdown

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BHPH Report Staff
Buy-here, pay-here dealers who already delivered vehicles based on expected federal tax refunds likely let out a collective sigh of relief stemming from an announcement the Internal Revenue Service made late on Monday. Despite the government shutdown, the IRS confirmed ... [Read More]

COMMENTARY: Three reasons individuals and organizations fail to achieve goals

best practices
Kenny Atcheson, Dealer Profit Pros
Gyms are packed in January; then half empty in February. Individuals struggle to achieve their goals, and so do organizations like buy-here, pay-here dealerships — sometimes for different reasons. For more than 30 years, Jim Jackson has worked as a ... [Read More]

NIADA adds 2 Member Benefit Partners

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BHPH Report Staff
Just before the holiday rush climaxed, the National Independent Automobile Dealers Association enhanced its roster of National Member Benefit Partners with two providers that can help dealerships make vehicles more attractive on their lots or to dispose of inventory that ... [Read More]

Lobel Financial collaborates with NIADA as national corporate partner

auto financing
BHPH Report Staff
A finance company your buy-here, pay-here operation might leverage enhanced its relationship with the National Independent Automobile Dealers Association. According to an announcement distributed this week, Lobel Financial has improved its longstanding affiliation with NIADA by becoming the association’s most ... [Read More]

Advance Auto Parts revamps website to help dealerships

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BHPH Report Staff
Advance Auto Parts recently finished an update of its online resources in an effort to help independent dealerships and buy-here, pay-here stores that have their own service drive or complete some reconditioning themselves. Advance Auto Parts completed the nationwide rollout ... [Read More]

Total bankruptcies dip in November

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BHPH Report Staff
While certain commercial filings spiked, the American Bankruptcy Institute reported that consumer cases ticked lower in November. According to data provided by Epiq Systems, total U.S. bankruptcy filings in November generated a 2-percent decrease year-over-year with the figure coming in ... [Read More]

NextGear Capital’s Rapid Pay surpasses $1B in funding through 3 quarters

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BHPH Report Staff
Dealerships are leveraging NextGear Capital for more than just inventory they want running down the auction lanes. The Cox Automotive company recently highlighted that it has financed more than $1 billion through the first three quarters of the year for ... [Read More]

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