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Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
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

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

money-key
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]

Tricolor continues to leverage AI-fueled risk-scoring platform for underserved Hispanic consumers

artificial intelligence
BHPH Report Staff
A company with its roots in the buy-here, pay-here space is continuing to expand an artificial intelligence-powered financial services platform serving Hispanic consumers. Tricolor recently announced an exclusive agreement with Phenx Machine Learning Technologies. In early testing, Tricolor’s newly AI-enabled ... [Read More]

QuotePro and Fiserv partner to improve cash-collecting kiosks

money-stack
BHPH Report Staff
For the 2017 National Independent Automobile Dealers Association Quality Dealer of the Year, having a way to accept cash safely for payments on retail installment contracts is crucial to operating its store efficiently and safety. And now a tool that ... [Read More]

3 clear trends surface in Equifax and NIADA Q3 Auto Business Outlook

strategy picture
BHPH Report Staff
This week, Equifax and the National Independent Automobile Dealers Association shared noteworthy results from their Q3 Auto Business Outlook, which stems from operators participating in a quarterly survey. Equifax and NIADA highlighted that three general themes surfaced from the latest ... [Read More]

New roles for Levine and Hudson at Ignite Consulting Partners

executive boardroom
BHPH Report Staff
It’s already been a November to remember for Ignite Consulting Partners. First, the auto-finance compliance firm that caters to buy-here, pay-here dealerships of all sizes, announced that Steve Levine and Richard Hudson have expanded their roles as managing partners as ... [Read More]

Q4 starts with rise in bankruptcy filings

bankruptcy 1
BHPH Report Staff
The fourth quarter began with an uptick in bankruptcy filings; perhaps providing a potential lift of buy-here, pay-here dealership customers as store operators head toward the early portion of tax season. The American Bankruptcy Institute (ABI) indicated that consumer filings ... [Read More]

Study shows car insurance is least affordable in Louisiana

row-cars
BHPH Report Staff
The Insurance Research Council (IRC) might have uncovered another market challenge for buy-here, pay-here operators who sell vehicles in Louisiana, which already ranks near the top for deliquencies. According to a new study from the IRC, Louisiana ranks No. 1 ... [Read More]

Credit union gets federal grant to compete against BHPH dealers

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BHPH Report Staff
An announcement from the Credit Union National Association (CUNA) detailed how buy-here, pay-here dealers in two states might see more competition from a specific credit union. The organization indicated the Community Development Financial Institutions (CDFI) Fund orchestrated by the U.S. ... [Read More]

FDIC: Unbanked level drops to lowest point on record

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BHPH Report Staff
The volume of consumers without a bank account is now at an all-time low. For the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results of the 2017 biennial National Survey ... [Read More]

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