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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

May commercial bankruptcies jump 32%

bankruptcy
BHPH Report Staff
While the overall figure decreased on both a sequential and annual basis, the American Bankruptcy Institute attempted to find the source as to why total U.S. commercial bankruptcy filings spiked 32 percent year-over-year in May. According to data provided by ... [Read More]

NIADA survey: 34% to increase workforce as sales expectations dip

family business
Nick Zulovich, Senior Editor
Of the more than 150 independent dealerships included in Equifax’s latest edition of the National Independent Automobile Dealers Association Business Confidence Survey, a total of 34 percent indicated an anticipation of adding personnel within the next year, even though the ... [Read More]

J.D. Byrider welcomes new franchisee in Denver

row of cars 4
BHPH Report Staff
J.D. Byrider recently expanded its buy-here, pay-here dealership footprint in Colorado by bringing a new franchisee in the process. The newest J.D. Byrider dealership is in Denver. It's the second store in Colorado but the first one for franchisee Rick Steenbock. ... [Read More]

QuotePro joins NIADA National Member Benefit Partner lineup

hand with 50s
BHPH Report Staff
On Friday, QuotePro joined with the National Independent Automobile Dealers Association as its latest National Member Benefit Partner, offering cash-accepting payment kiosks to the association’s growing buy-here, pay-here dealer base. QuotePro’s payment kiosks can eliminate the overhead and risks associated ... [Read More]

PassTime and Verifacto finalize integration partnership

integration button
BHPH Report Staff
GPS-based technology provider PassTime announced that it completed a software integration project with Verifacto, a cloud-powered risk management system for independent and buy-here, pay-here dealers as well as other auto finance companies. Customers utilizing both Verifacto software and PassTime GPS ... [Read More]

DriveTime’s Sauder joins NABD Hall of Fame

Mark Sauder for BHPH
Nick Zulovich, Senior Editor
Mark Sauder's reaction when Ken Shilson approached him about becoming the newest member of the NABD Hall of Fame might have come straight from a script you’ve heard on countless TV shows or movies as the police are interrogating someone. Sauder ... [Read More]

Dealers rave about info & wisdom shared at NABD’s recent conference

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BHPH Report Staff
Four of the operators who attended the 18th annual National BHPH Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers last week offered glowing assessments of what they took away from the Wynn Resort & Casino in Las Vegas. ... [Read More]

Spireon becomes newest NIADA Diamond National Corporate Partner

hands shaking 1
BHPH Report Staff
Spireon, a provider of mobile resource management and business intelligence solutions for independent stores and buy-here, pay-here operators, has teamed with the National Independent Automobile Dealers Association as its newest Diamond-level National Corporate Partner. The news came through an announcement ... [Read More]

NABD’s current view of the industry

car lot 6
Nick Zulovich, Senior Editor
Leading into the 18th annual National Conference for BHPH hosted by the National Alliance of Buy- Here, Pay-Here Dealers, we spoke with Ken Shilson, the president and founder of NABD, about a host of issues impacting operators. BHPH Report asked ... [Read More]

Autotrader’s BHPH Center at crucial third year

autotrader BHPH Dashboard for BHPH
Nick Zulovich, Senior Editor
When dealers come to Las Vegas for the National Conference for BHPH hosted by the National Alliance of Buy- Here, Pay-Here Dealers, Autotrader’s solution for this slice of the dealership space will hit its second anniversary. At this same event ... [Read More]

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