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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

BHPH benchmark sneak peek: the rise & appeal of leasing

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Nick Zulovich, Senior Editor
Thanks to more data and information from NCM Associates, the National Independent Automobile Dealers Association and Subprime Analytics, Ken Shilson has more evidence showing the performance of the lease-here, pay-here model that more operators are leveraging as a way to ... [Read More]

FactorTrust tool offers real-time reporting on underbanked consumers

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BHPH Report Staff
As part of its continued commitment to the needs of buy-here, pay-here dealers, short-term lenders and the alternative financial services industry, FactorTrust recently announced a tool called FlexFormat; what the company contends is the first industry standard in reporting short-term ... [Read More]

Reviewing 2017 tax season

Tax refund stock image
Nick Zulovich, Senior Editor
With the deadline to file federal income tax forms passing on April 18, Cox Automotive chief economist Tom Webb reflected back on what’s known as tax season but likely isn’t the resounding retail period for buy-here, pay-here dealers it once ... [Read More]

Top 3 bankruptcy trends from past 2 quarters

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BHPH Report Staff
Three noteworthy trends associated with bankruptcies surfaced during the past two quarters. The American Bankruptcy Institute (ABI) reported that total U.S. filings fell slightly during the first quarter but ticked higher in March compared to the same month a year ... [Read More]

BHPH benchmark sneak peek: income insights

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BHPH Report Staff
In another preview of the annual industry benchmarks compiled by the National Alliance of Buy-Here, Pay-Here Dealers, Ken Shilson touched on three more highlights from the “most comprehensive report we have ever published on subprime auto finance,” covering activity through ... [Read More]

NADA Values now integrated into Wayne Reaves DMS

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BHPH Report Staff
Wayne Reaves, one of the leading providers of dealer management software to independent dealers since 1987, will soon enhance its flagship product with NADA Values from J.D. Power Valuation Services. According to Jason Reaves, president of Wayne Reaves, “Our integration ... [Read More]

BHPH benchmark sneak peek: allowance for bad debts

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Nick Zulovich, Senior Editor
When compiling the 19th version of the buy-here, pay-here industry benchmarks, Ken Shilson noticed a metric climb to a level never seen previously — the allowance for bad debts. On one hand, the president of Subprime Analytics and the National ... [Read More]

Westlake ALPS swiftly moves to acquire $14.7M bulk portfolio

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BHPH Report Staff
Advanced Lending & Portfolio Services (ALPS), a division of Westlake Financial Services, tried to make it a simple process for a buy-here, pay-here operator to cash in on his way to departing the space. Earlier this week, Westlake ALPS announced the ... [Read More]

NIADA survey shows ‘unprecedented’ positivity

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BHPH Report Staff
Cox Automotive’s Tom Webb said earlier this year that buy-here, pay-here dealers were in a “better position.” Then a few weeks later, Ken Shilson with the National Alliance of Buy-Here, Pay-Here Dealers highlighted how “bad news could be good news ... [Read More]

NJ Supreme Court determines how dealer lost arbitration rights

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BHPH Report Staff
For the second time this week, a development came to light out of New Jersey that might be relevant to buy-here, pay-here dealerships nationwide. After BHPH Report highlighted how the industry scored a major legislative victory in the Garden State ... [Read More]

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