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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

AGORA brings in Barry to oversee sales and Hudson to join board

executive boardroom
BHPH Report Staff
AGORA, a Texas-based provider of technology solutions for the financial services industry, recently made two more moves to bolster its position as a platform for bulk portfolio transactions. Along with announcing that Chris Barry has become a part of the ... [Read More]

Tricolor names chief innovation officer

new hire
BHPH Report Staff
Tricolor, one of the nation’s largest used-vehicle retailers designed to serve Hispanic consumers, recently announced the addition of veteran financial services executive Jason Hutton as its chief innovation officer. Hutton, who will report directly to chief executive officer Daniel Chu, ... [Read More]

Alabama dealer receives NIADA and Cox Automotive Community Service Award

NIADA and Cox Automotive Community Service Award for website
BHPH Report Staff
As the National Independent Automobile Dealers Association revamps its Certified Master Dealer program, an Alabama operator was honored for doing more than just helping customers secure a vehicle. A&D Motors Inc., whose philanthropy has made a difference throughout its small ... [Read More]

NextGear Capital to deploy new auditing tool for dealers

auto finance pic 2
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

bankruptcy 2
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]

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