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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
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

Tale of the tape: Q1 deep subprime originations at independent versus franchised stores

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BHPH Report Staff
It’s not news that independent and buy-here, pay-here dealers more often will complete vehicle deliveries with consumers with softer credit than their franchised store contemporaries. What is noteworthy is how Experian Automotive detailed the extra risk being facilitated through franchised ... [Read More]

May bankruptcy filings rise 5 percent

bankrupt
BHPH Report Staff
Thanks to “mounting financial pressures,” the American Bankruptcy Institute reported that total U.S. filings in May increased 5 percent year-over-year. According to data provided by Epiq Systems, bankruptcy filings totaled 69,668 in May, up from 66,138 cases registered in May ... [Read More]

NIADA Q2 survey shows dealer optimism wanes

car lot 6
BHPH Report Staff
As temperatures rise nationwide, independent dealership confidence is cooling a bit. Independent dealers backed off from their unprecedented high levels of optimism early in the year, but their outlook remains positive, according to the National Independent Automobile Dealers Association's Business ... [Read More]

NIADA Convention marks next stop in DealerSocket’s 4-show itinerary

Las Vegas
BHPH Report Staff
After participating in this year’s National BHPH Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers, technology provider DealerSocket is continuing to hit the trade show circuit with its comprehensive independent dealer platform. The company said its team has ... [Read More]

J.D. Byrider names new CEO

boardroom chairs at table
BHPH Report Staff
J.D. Byrider announced a major change in leadership on Tuesday as the franchise network of buy-here, pay-here dealerships recently appointed Craig Peters as chief executive officer, replacing Steve Wedding, who served the company for 25 years. The company indicated Wedding ... [Read More]

Attendees cheer NABD for latest conference

NABD 2017 pic for BHPH
BHPH Report Staff
Stemming from some of the feedback organizers shared, the National Alliance of Buy-Here, Pay-Here Dealers completed its mission during the 19th annual National BHPH Conference last month in Las Vegas. John Baughman of Lake Erie Auto Credit said, “I wanted ... [Read More]

5 elements of IMETRIK’s latest GPS update

row of cars 2
BHPH Report Staff
GPS tracking solution provider IMETRIK recently released its newest offering — 3.5G COLLECT — a GPS device the company indicated is designed specifically to track vehicles when the unit loses power. The company explained that one of the key features ... [Read More]

6 enhanced features of Spireon’s GoldStar GPS solution

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BHPH Report Staff
During this week’s National Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers, Spireon mingled with hundreds of dealers and rolled out the latest version of its GoldStar GPS solution, offering dealers and finance companies that specialize in deep ... [Read More]

PassTime appoints new CEO & president

news report stock photo
BHPH Report Staff
A little more than two months following the passing of co-founder and chief executive officer Stan Schwarz, PassTime on Monday announced it has named Jeffrey “Jake” Frank as chairman and CEO of the GPS device company. Additionally, the company has ... [Read More]

FactorTrust, 700Credit align to provide alternative credit data

credit report
BHPH Report Staff
Alternative credit data provider FactorTrust and 700Credit, which offers credit reports, compliance solutions and prescreen products, finalized an alliance this week to provide buy-here, pay-here dealers with access to alternative credit information for potential customers who have thin credit files ... [Read More]

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