BHPH Report Staff

While sharing results from the first quarter of its 2018 fiscal year, America’s Car-Mart announced a major change in leadership will be coming at the end of the calendar year. Car-Mart said in a news release posted late on Thursday that current chief executive officer William “Hank” Henderson would be... Read More

Greg Shelton and Maria Singson, Contributors

In the current issue of BHPH Report, we discussed what we classified as the “eight risk questions that might keep you up at night.” We spelled out each of those questions here. Well, now let’s try to provide you some answers to those difficult questions so you can rest better. Let’s begin with... Read More

Costs trigger 8% drop in July bankruptcy filings

BHPH Report Staff

It appears some consumers not only are struggling to maintain monthly payments, but they are also lacking the resources to file for bankruptcy. The American Bankruptcy Institute indicated total U.S. bankruptcy filings decreased 8 percent in July as compared to June. According to data provided by Epiq Systems, filings... Read More

Kentucky AG outlines $1.1M dealer lawsuit

BHPH Report Staff

Potential problems with vehicle documentation and state tax collection could cost a Kentucky dealership more than $1.1 million in restitution. Kentucky attorney general Andy Beshear filed a lawsuit on Wednesday in Fayette Circuit Court against The United Group, which operates as Auto Plaza USA, a large independent... Read More

5 findings from FactorTrust’s latest auto index

BHPH Report Staff

On Tuesday, FactorTrust released the most recent research findings in its series of underbanked indices, the Underbanked Index – Auto, which is designed to provide insights into the earning and living trends of credit-challenged consumers seeking a vehicle. Such insights can help auto financing companies to... Read More

Steve Levine, Ignite Consulting Partners

The Consumer Financial Protection Bureau’s new arbitration rule has gotten a lot of coverage lately and deservedly so.  If and when it goes into effect, it will ban class action waivers and bring about some other notable changes. The big impact of this will be that just about every arbitration clause or... Read More

Nick Zulovich, Senior Editor

Steve Burke spent more than three decades making bulk portfolio purchases during his career that includes leadership positions with Center Street Finance, SFG Finance, Regional Acceptance and FSB Financial. Burke highlighted how technology changed the auto finance business with solutions such as sophisticated credit... Read More

BHPH Report Staff

Here’s another way to generate revenue at your buy-here, pay-here operation with the units that might have some of the highest odometer readings in your inventory. First Choice Car Care recently announced its five-year, 100,000-mile vehicle service contract (VSC) plans for vehicles up to 20 model years old and... Read More