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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
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

January bankruptcy filings drop 11 percent

bankruptcy 2
BHPH Report Staff
Bankruptcy filing trends to begin 2016 mimicked the ones observers noticed as last year concluded. The American Bankruptcy Institute reported that total U.S. filings decreased 11 percent year-over-year in January. According to data provided by Epiq Systems, bankruptcy filings totaled ... [Read More]

IRS says return system back up & running

Tax refund stock image
BHPH Report Staff
The latest update from the Internal Revenue Service should calm concerns from buy-here, pay-here dealers looking for potential buyers to have income tax refund monies available for possible down payments or for current customers to get their contract out of the ... [Read More]

Wisconsin clarifies policy on GPS & payment assurance technology

row of cars 2
BHPH Report Staff
Here’s some good news for buy-here, pay-here operators who have interests in Wisconsin. PassTime, Hudson Cook and Minneapolis-based law firm Reinhart Boerner Van Deuren recently met with the Wisconsin Department of Financial Institutions (DFI) to discuss how GPS and payment ... [Read More]

CFPB takes aim at BHPH, misses mark on providing clear guidance

gavel and documents
Allen Denson and Joel Winston, Hudson Cook
On Jan. 21, the Consumer Financial Protection Bureau released a law enforcement settlement that should cause dealers to take notice. The settlement, involving Herbies Auto Sales, a single-lot BHPH dealership in Colorado, is noteworthy for its attack on pricing and ... [Read More]

New kiosk technology out to eliminate cash management pain

kiosk for BHPH
BHPH Report Staff
Quotepro, a provider of sales and payment technology for buy-here, pay-here dealers across the country, unveiled a payment kiosk that can accept cash, check, money order, debit card and credit card transactions. The company highlighted the kiosk can be used ... [Read More]

CFPB orders Colo. dealer to pay $700K in restitution

gavel and money
BHPH Report Staff
For the second time in two months, the Consumer Financial Protection Bureau took out an enforcement action in the buy-here, pay-here industry. On Thursday, the enforcement came against Herbies Auto Sales, an operator in Greeley, Colo., for what the bureau ... [Read More]

DBA International taps NABD to be education provider

news
BHPH Report Staff
Coming on the heels of another successful educational boot camp for new and veteran operators, the National Alliance of Buy-Here, Pay-Here Dealers has become an Authorized Education Provider for DBA International, the nonprofit trade association that represents more than 575 ... [Read More]

5 improvements to NIADA member services website

hand using tablet
BHPH Report Staff
The National Independent Automobile Dealers Association made a major enhancement to the NIADA member services Web-based promotional platform. According to what NIADA officials indicated on Thursday, the enhancement not only can make it easier for the association's 15,000-plus members to ... [Read More]

NABD hosting final boot camp this weekend

more training
BHPH Report Staff
If operators have been putting off their plans to participate in a BHPH Boot Camp hosted by the National Alliance of Buy-Here, Pay-Here Dealers, they might miss their opportunity completely. In a message to BHPH Report, NABD indicated its upcoming ... [Read More]

NIADA acquires Leedom & Associates assets

NIADA - leedom deal
BHPH Report Staff
The National Independent Automobile Dealers Association became an even bigger organization on Friday as NIADA announced it has acquired the assets and operations of Sarasota, Fla.-based Leedom & Associates. Officials highlighted the transaction — which was concluded Monday — transfers ... [Read More]

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