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This Month's Focus

Turbocharged Finance
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Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
CarLocal.io enhances automotive AI answer engine
Your family group chat might now be filled with images created with artificial-intelligence tools that highlight what your aunt would look like with a different hairstyle or your uncle’s appearance if he dropped 50 pounds. Car shoppers are also using ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
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

NIADA going to TikTok to close upcoming BHPH Forum

BHPH Report Staff
Young people make TikToks regularly. You could say the National Independent Automobile Dealers Association is, too, for its next Buy Here, Pay Here (BHPH) Dealer Forum. NIADA announced on Thursday that TikTok Automotive principal Ryan Copacia will headline the closing ... [Read More]

Next Car-Mart credit deadline hits Friday amid ‘significant progress’

BHPH Report Staff
America’s Car-Mart faces another deadline on Friday to gain more financial support to remain in the buy-here, pay-here dealership business. The company revealed in a filing with the Securities and Exchange Commission as the nation marked the 25th anniversary of ... [Read More]

Car-Mart retails less than 3K vehicles in latest quarter, reflecting dire capital situation

Car-Mart expands via acquisition, reports fiscal Q2 performance
BHPH Report Staff
To say the future of America’s Car-Mart is bleak might be an understatement based on results and explanations the company shared this week stemming from the first quarter of its 2027 fiscal year. And the update included the acknowledgment that ... [Read More]

PODCAST: Path to delivering education in Spanish with Ignite Dealer Compliance Group

BHPH Report Staff
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... [Read More]

Empire RRG gains Demotech ‘A’ rating for third consecutive year

BHPH Report Staff
National Lenders General Agency announced on Thursday that Empire Indemnity Insurance Company Risk Retention Group (Empire RRG) has again been awarded an “A” Financial Stability Rating by Demotech, marking the third consecutive year the carrier has achieved this distinction. According ... [Read More]

NIADA offers ‘honest pitch’ to promote 12th annual National Policy Conference

BHPH Report Staff
Jeff Martin gave what he called an “honest pitch” for operators to get involved with the National Independent Automobile Dealers Association when it hosts its 12th annual National Policy Conference on Sept. 28-29 in Washington, D.C. “This isn’t a conference ... [Read More]

Rise of individual bankruptcies in July ‘reflects cumulative impact’

BHPH Report Staff
Whether you look at the data on a sequential or year-over-year basis, consumer bankruptcies increased in July. According to data provided by Epiq AACER, total bankruptcy filings for July came in at 54,718, representing a 10% increase from a year ... [Read More]

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