NIADA wants industry to ‘accelerate’ during annual convention
Thursday, Jun. 1, 2023, 11:41 AM
Nick Zulovich, Senior Editor
The National Independent Automobile Dealers Association coined this year’s annual convention with the moniker, “Accelerate.” Troy Scheer, who is NIADA’s director of marketing and communications, explained why the association branded their largest event with this title during an episode of ... [Read More]
MEI Group appoints president of automotive & finance division
Thursday, May. 25, 2023, 11:47 AM
BHPH Report Staff
MEI Group, the Texas-based organization that includes Empire Indemnity Insurance Co., RRG and National Lenders General Agency, specializing in reinsurance products for dealerships and finance companies in the BHPH, LHPH and point of sale markets, appointed a new president. The ... [Read More]
Policygenius survey: 17% of drivers have dropped their car insurance
Thursday, May. 18, 2023, 10:22 AM
BHPH Report Staff
A situation all too familiar to buy-here, pay-here dealerships — their customers dropping their car insurance — appears to be intensifying. With inflation levels at 5% stretching family budgets, findings from the Policygenius Car Insurance Affordability Survey showed 40% of ... [Read More]
One View hires former Auto/Mate DMS exec as VP of sales
Tuesday, May. 16, 2023, 11:16 AM
BHPH Report Staff
One View, a leading provider of document management solutions for automotive dealerships, announced the appointment of Jeff Lippold as the company’s new vice president of sales. With more than 25 years of experience in the automotive industry, the company whose ... [Read More]
Ignite uses recent $24M enforcement action by CFPB to reiterate importance of handling credit disputes
Tuesday, May. 9, 2023, 11:27 AM
BHPH Report Staff
Ignite Consulting Partners recently reinforced its roster of compliance experts. The firm also relayed a tip of the week in connection with an enforcement action by the Consumer Financial Protection Bureau totaling more than $24 million to remedy alleged misdeeds ... [Read More]
2 notable trends from April bankruptcy report
Thursday, May. 4, 2023, 12:03 PM
BHPH Report Staff
Epiq Bankruptcy uncovered a pair of notable trends included in the April filing data the firm shared this week. Perhaps more relevant to buy-here, pay-here dealerships are trends Epiq spotted for the first time since April and May of 2019. ... [Read More]
Tricolor gains US patent for AI-driven underwriting tool
Tuesday, Apr. 11, 2023, 10:21 AM
BHPH Report Staff
Last week along with making a move with Point Predictive, Tricolor announced that it has secured U.S. Patent No. 11,574,362 for its artificial intelligence (AI) interactive tool called Automás. The company highlighted this new tool leverages data across Tricolor’s entire ... [Read More]