You probably have heard that running cocktail hour joke about the two sure things in life — death and taxes. Well that chuckle starter came up again during the BHPH Report’s conversation with McGladrey’s Scott Ruby when he discussed how important it is for buy here, pay-here operators who have a related finance company to […] [Read More]

The buy-here, pay-here operation Dustin Kerr started to oversee for owner Bill Powell 10 years ago followed a pattern many dealers might recognize. The BHPH store started as an off -shoot of a Chrysler franchised dealership — a place where Kerr could send older trade-ins and try to retail them on a piece of property […] [Read More]

I had a fascinating conversation the other day with Pete Radike, director of product management for Fiserv, a Wisconsin-based company that processes and services vehicle leases and loans on behalf of captive and indirect lender partners. I’d called him after seeing a report about Toyota Financial’s success in the past year using a Fiserv electronic […] [Read More]

Fitch Ratings recently reported that normalizing underwriting terms for U.S. auto loans and leases contributed to a modest deterioration in asset quality metrics during the fourth quarter. Still, firm analysts believe finance companies remain focused on emerging risks tied to expanded subprime lending and an expected weakening of credit quality trends this year. Fitch determined […] [Read More]

From captive finance companies to one-lot buy-here, pay-here dealers, the entire industry is seeing a shift to a ‘new normal,’ which includes smaller down payments, longer terms and negative equity being rolled into a larger financed amount. While metal is being moved now, trends and buying patterns that might appear three years or more down […] [Read More]

Auto Remarketing Canada is providing our readers with another way to enjoy the latest news and stories coming out of the Canadian remarketing industry with our brand new website: Autoremarketingcanada.com. The new website makes it easier and more convenient for our readers to access the latest breaking news.   With the launch of this new […] [Read More]

In addition to launching a new website this week, Auto Remarketing is approaching a pair of social media milestones: 6,000 members on its LinkedIn page and 1,700 followers on Twitter. Both of these social media resources have proven to be avenues for our readers to be part of these vibrant, professional, networking and information-sharing communities. […] [Read More]

Sales for a couple domestic nameplates fell a bit this past month due in part to winter weather sweeping through most of the East Coast and Midwest. Both Ford and General Motors suffered a bit of a decline in February, but spring is just around the corner — and it will likely bring a stronger […] [Read More]

Going paperless — the phrase has been around for years, but comes closer to reality for auto dealers via a new alliance aimed at boosting productivity and cutting costs, and offering instant access to crucial business documents.     Web-based enterprise content management software developer docSTAR has announced the integration of its eclipse content management system […] [Read More]

Earlier this week, the National Highway Traffic Safety Administration closed a nearly year-long preliminary evaluation to investigate allegations of electronic throttle body (ETB) failures resulting in sudden reduction of engine power in four different models: the Ford Escape and Fusion and Mercury Mariner and Milan. During this investigation of nearly 1.6 million units from the […] [Read More]