Glenview Finance continues aggressive service launch with bulk portfolio program
Tuesday, Apr. 30, 2024, 10:32 AM
Dealers gain valuable knowledge through record-setting BHPH United Summit
Tuesday, May. 7, 2024, 11:39 AM
Ignite warns dealerships about ‘bet the business’ lawsuit filed by Minnesota AG
Thursday, May. 2, 2024, 11:43 AM
Latest look at tax season data & other trends
Thursday, Apr. 18, 2024, 11:18 AM
BHPH Report Staff
Another state and federal tax filing season closed this week unless consumers asked for an extension. According to the latest data from the IRS, the average refund came in at just above $3,000, which could be great for buy-here, pay-here ... [Read More]
Kinetic Advantage finalizes first securitization
Tuesday, Apr. 16, 2024, 03:06 PM
BHPH Report Staff
Kinetic Advantage began the week by a revealing a major accomplishment for the 4-year-old company. The national provider of floorplan services for independent dealers announced that it completed its inaugural securitization of floorplan receivables, finalizing the move on Friday. According ... [Read More]
Top 10 locations for vehicle theft
Wednesday, Apr. 10, 2024, 03:38 PM
BHPH Report Staff
Buy-here, pay-here dealerships often will highlight the positives of having a GPS device attached to a vehicle when they’re completing delivery. A new report released by the National Insurance Crime Bureau (NICB) this week likely gave operators even more evidence ... [Read More]
Q1 bankruptcies jump 14%
Thursday, Apr. 4, 2024, 11:37 AM
BHPH Report Staff
Pretty much any way you want to examine the data, new bankruptcy filings are increasing. According to data provided this week by Epiq Bankruptcy, the 120,094 total bankruptcy filings registered during the first quarter represented a 14% increase from the ... [Read More]
COMMENTARY: BHPH dealers need to continue adapting as auto industry returns to normalcy
Thursday, Mar. 28, 2024, 11:50 AM
Louis Ochoa, Xperisource
Chaos. I can’t think of a better word to describe what occurred in the automotive industry between 2020-2023. From increased costs and severe inventory shortages as unfortunate consequences of COVID, to finding ourselves in a historically high inflationary period with ... [Read More]
BlytzPay & PassTime partner to provide payment solution for BHPH dealers
Monday, Mar. 25, 2024, 10:59 PM
BHPH Report Staff
BlytzPay and PassTime said they’re responding to the changing risk management and technical landscapes faced by buy-here, pay-here dealerships. Their action is a strategic partnership to provide operators with advanced tools for effective cash flow and revenue management. The partnership ... [Read More]
Buckeye hires ‘icon’ as new national sales manager
Thursday, Mar. 21, 2024, 11:08 AM
BHPH Report Staff
Buckeye Dealership Consulting welcomed “an icon” to its team on Thursday. The provider of reinsurable products for automobile dealers and finance companies announced that it has hired Bill Elizondo as its new national sales manager with a specific focus on ... [Read More]