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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

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

news pic
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]

Q1 bankruptcies soften, but trigger could be looming

bankruptcy 1
BHPH Report Staff
At least one bankruptcy expert sees a potential connection to what the Federal Reserve does with interest rates as impacting filings and reversing what happened during the first quarter. The American Bankruptcy Institute reported that total U.S. bankruptcy filings fell ... [Read More]

Latest Procon Analytics tool can centrally manage all GPS devices to enhance risk mitigation

car-interior
BHPH Report Staff
Auto finance companies and buy-here, pay-here dealers are seeking to adopt more advanced and scalable GPS systems for risk mitigation. But Procon Analytics acknowledged this trend brings the inefficient process of managing both new GPS systems plus old devices that use ... [Read More]

February bankruptcy filings show mixed moves

bankruptcy 2
BHPH Report Staff
The American Bankruptcy Institute highlighted that filings softened year-over-year in February but marked a sequential rise. According to data provided by Epiq Systems, ABI indicated total bankruptcy filings for February decreased 3 percent versus the same month last year. The ... [Read More]

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