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Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
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

NextGear Capital to deploy new auditing tool for dealers

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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

diagnostics
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

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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

car
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]

Private equity bank looks to deploy $80M in independent dealer space

money-stack
BHPH Report Staff
For operators looking for capital or how to handle the long-term future of their independent dealerships, perhaps Kelemen & Co. might be a financial resource to tap. On Tuesday, Kelemen, a private equity merchant bank that invests in mid-market companies ... [Read More]

Spireon receives eighth award in last 13 months

trophies
BHPH Report Staff
Spireon has claimed another accolade for its mantle. The GPS provider recently was named the IoT Vehicle Telematics Company of the Year in the 2018 Compass Intelligence awards. Voted on by a judging panel of more than 40 industry-leading journalists, ... [Read More]

PassTime and Megasys finalize integration

partnership picture
BHPH Report Staff
Two technology services that a wide array of buy-here, pay-here operators use now have finished a collaboration to help dealerships. PassTime, a provider of GPS solutions, and Megasys, a provider of complete loan servicing systems for the consumer finance industry, ... [Read More]

Optimism wanes according to NIADA Q1 dealer survey

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BHPH Report Staff
Perhaps independent dealerships and buy-here, pay-here operators aren’t expecting to see their vehicles roll over the curb at the pace previously seen in recent years.  The economic and corresponding retail sales growth expectations of independent dealers were a bit more subdued ... [Read More]

3 steps to help BHPH dealers find true wisdom

best practices
Julian Codding, NABD Hall of Fame
Is there a “wisdom” app for my phone? What’s the relative value of intelligence and wisdom? If there is anything that experience teaches, it is that wisdom has a far greater value than intelligence. Even Solomon prayed for wisdom knowing that ... [Read More]

Fidelis PPM incorporates added convenience into prepaid maintenance package in 5 markets

mechanic
BHPH Report Staff
Some franchised dealerships highlight their concierge-level services for their customers who need vehicle repairs and maintenance. Now, independent and buy-here, pay-here in five major markets can provide a similar level of services thanks to a new product addition from Fidelis ... [Read More]

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