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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

How 2 major players navigated tax-refund delay

Tax refund stock image
Nick Zulovich, Senior Editor
Think your buy-here, pay-here operation has been the only one impacted by the delayed release of tax funds to certain consumers? One of the largest BHPH players as well as a finance company that books plenty of non-prime originations discussed ... [Read More]

February bankruptcy filings off by 10% year-over-year

bankruptcy 2
BHPH Report Staff
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]

When bad news is good for buy-here, pay-here

car search magnifying glass
Ken Shilson, NABD & Subprime Analytics
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]

Va. dealership caught retailing salvage vehicles with tampered odometers

department of justice website
BHPH Report Staff
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]

Interstate Title Solutions partners with NIADA

car lot 7
BHPH Report Staff
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]

Webb sees BHPH dealers ‘in better position’

tom webb for BHPH
Nick Zulovich, Senior Editor
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]

5th J.D. Byrider store in Missouri opens

car lot 7
BHPH Report Staff
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]

Bankruptcies rise in consecutive months for first time in 7 years

bankruptcy pic 3
BHPH Report Staff
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]

REPAY acquires Sigma Payment Solutions

money 2
BHPH Report Staff
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]

4 questions with Susan Perlmutter of Sigma Payment Solutions

Best of BHPH for web
BHPH Report Staff
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]

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