Monday, April 13, 2015 - 3:12pm

BHPH Report Staff

While also giving a projection of how many total filings there might be this year, the American Bankruptcy Institute reported total U.S. bankruptcy filings fell 15 percent in the first quarter compared to the same span last year. According to data provided by Epiq Systems, bankruptcy filings totaled 205,705 in Q1, off... Read More

Wednesday, April 8, 2015 - 9:31am

BHPH Report Staff

The National Independent Automobile Dealers Association is organizing its own resources along with colleagues from Oregon’s independent dealer association in an effort to prevent a bill from becoming law in the Beaver State that could radically alter how buy-here, pay-here dealers can operate. Officials from the... Read More

Tuesday, April 7, 2015 - 3:39pm

BHPH Report Staff

A name familiar to the automotive industry, especially the buy-here, pay-here segment, resurfaced this week as Rod Heasley established a consulting agency to service independent agents specializing in both prime and subprime financing. Heasley, who has 37 years of industry experience, formed KISS Concepts Group, which... Read More

Wednesday, April 1, 2015 - 2:17pm

BHPH Report Staff

The New York City Department of Consumer Affairs didn’t come right out and say its new initiative is targeted against the plight of buy-here, pay-here dealers in the Big Apple, but the regulator’s descriptive words such as “predatory” in explaining its new plan perhaps should raise the attention of... Read More

Wednesday, March 25, 2015 - 2:43pm

BHPH Report Staff

Buy-here, pay-here dealers who use Wayne Reaves software now can take advantage of what is offered by CarStory, a provider of crowdsourced data and analytics on used-vehicle pricing and preferences. This week, Wayne Reaves integrated CarStory Market Reports into its customizable website platform. A free merchandising... Read More

Wednesday, March 18, 2015 - 11:49am

BHPH Report Staff

Buy-here, pay-here dealers might be seeing a smaller pool of potential customers who just filed for bankruptcy. The American Bankruptcy Institute cited data provided by Epiq Systems that showed total U.S. bankruptcy filings decreased 13 percent in February from the same month last year. Bankruptcy filings totaled 65,002... Read More

Tuesday, March 17, 2015 - 5:31pm

Nick Zulovich, Editor

McGladrey tax director Scott Ruby understands many buy-here, pay-here dealerships are small family operations without a squadron of certified public accountants on staff that watches every move the IRS makes. However, Ruby suggested that BHPH operators spend a fair amount of time with their tax professional throughout the... Read More

Tuesday, March 17, 2015 - 5:27pm

Nick Zulovich, Editor

America’s Car-Mart not only shared athe financial results from the third quarter of its 2015 fiscal year, but the buy-here, pay-here dealership chain also offered an update on two significant operational changes the company is in the process of finalizing. During his prepared remarks when Car-Mart hosted its Q3... Read More