Bankruptcy filings drop again in April

BHPH Report Staff

The American Bankruptcy Institute determined total bankruptcy filings in the United States decreased 13 percent in April compared to the same month last year. According to data provided by Epiq Systems, bankruptcy filings totaled 87,954 in April, down from the year-ago figure of 100,770. Officials indicated consumer... Read More

Daughtry: Tax Season Has Ended So Now What?

Gene Daughtry, PLS Financial

What I have heard, from speaking with dealers in different parts of the country, the “now what” answer is as follows: Find some cars. I speak with dealers each month to see what’s happening and keep up with the business. Earlier in the year, I was hearing how the weather was slowing things down, but... Read More

BHPH Report Staff

Compliance will be one of the major focuses as the National Alliance of Buy-Here, Pay-Here Dealers host two national events in less than a week at one of Las Vegas’ most luxurious resorts. First, beginning on May 18, NABD will host its a BHPH Compliance Academy, a program designed for both new and experienced... Read More

Craigslist Marketing Continues To Evolve

Jason Turner, LotVantage

Since the onset of the $5 charge on Craigslist, buy-here, pay-here dealerships have taken on a multitude of approaches regarding how they not only understand this marketplace, but also, more importantly, how they utilize this marketplace to attract customers to visit their stores. The most important thing that we have... Read More

J.D. Byrider Adds Two Franchise Consultants

BHPH Report Staff

J.D. Byrider recently announced Brad White and Jeff McKay have been added as franchise consultants at the company’s headquarters. Executives highlighted both new additions will be responsible for supporting J.D. Byrider franchisees, advising for operational and financial improvement and building leadership... Read More

Tim Byrd, Tim Byrd & Associates

There’s another one to add to the stack of lapsed insurance notifications. Another customer has decided that having insurance is not a priority. Some customers you can’t blame. The premium is higher than their car payment. You’ve hired a full-time person just to make those calls every day. Why? To... Read More

Nick Zulovich, Editor

With much of tax season having been completed, Manheim chief economist Tom Webb gave his assessment of how the time so critical to buy-here, pay-here operators unfolded this year. One of the points Webb emphasized earlier this month during his quarterly conference call was how the flow of tax refund money ended up with... Read More

Nick Zulovich, Editor

For the 16th consecutive year, Ken Shilson will share buy-here, pay-here industry benchmarks as a part of what he believes are the most accurate gauge of how the industry behaved on an annual basis. The founder of the National Alliance of Buy-Here, Pay-Here Dealers used a food reference to summarize what he is finalizing... Read More