After climbing for two consecutive months, the American Bankruptcy Institute noticed filing volume tapered off in February as total U.S. bankruptcy filings decreased 10 percent year-over-year. According to data provided by Epiq Systems, bankruptcy filings totaled 58,336 in February, down ... [Read More]

Recent press about subprime auto loan performance has highlighted concerns about this market segment. Some has said, “The Federal Reserve recently expressed concern that delinquencies among auto borrowers with weak credit has been rising.” A recent article in USA Today ... [Read More]

A Georgia man running a Virginia dealership retailing repaired salvage units pleaded guilty to operating an odometer fraud scheme involving more than 100 vehicles, according to an announcement from the Department of Justice.  Officials said last week that Paul Robinson, ... [Read More]

This week, Interstate Title Solutions (ITS) joined with the National Independent Automobile Dealers Association as its newest National Member Benefit partner, offering NIADA members discounted access to its out-of-state tax, title and registration tool. DMV Nationwide, a web-based tool paired ... [Read More]

Cox Automotive chief economist Tom Webb acknowledged the past few years probably constituted the most difficult span ever encountered by buy-here, pay-here dealers. Finance companies specializing in the subprime space took on contracts deeper down the credit spectrum, leaving operators ... [Read More]

Buy-here, pay-here franchise chain J.D. Byrider recently opened its fifth location in Missouri; the second one in the Show-Me State to join the network so far this year. The new location is in Rolla at 2603 N. Bishop Ave. This ... [Read More]

It appears the chances a potential customer coming to your buy-here, pay-here dealership having recently filed for bankruptcy are on the rise. The American Bankruptcy Institute reported total U.S. filings increased 5 percent year-over-year in January, creating a trend not ... [Read More]

In a move executives say will benefit buy-here, pay-here dealerships and other participants in the auto finance space, Realtime Electronic Payments (REPAY), a full-service provider of advanced payment technology products and electronic transaction processing services for the consumer lending industry, ... [Read More]

In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up ... [Read More]

In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up ... [Read More]