Q3 closes with across the board rise in bankruptcies
Thursday, Oct. 12, 2023, 02:04 PM
BHPH Report Staff
Every year-over-year comparison made by bankruptcy experts after reviewing filing data through the first three quarters of this year showed an increase. According to data provided by Epiq Bankruptcy, total individual filings registered through the first nine months of the ... [Read More]
PODCAST: New Car-Mart CEO Doug Campbell
Tuesday, Oct. 10, 2023, 03:38 PM
BHPH Report Staff
Doug Campbell officially became chief executive officer America’s Car-Mart on Oct. 1, roughly a year after joining the 42-year-old buy-here, pay-here dealership company. Campbell made an appearance on the Auto Remarketing Podcast to recap his journey to this position and ... [Read More]
NIADA names moderators for BHPH event’s dealer roundtables
Wednesday, Oct. 4, 2023, 02:24 PM
BHPH Report Staff
The National Independent Automobile Dealers Association has selected some of the country’s top buy-here, pay-here dealers as moderators for the dealer roundtables at the upcoming NIADA BHPH Dealer Forum. The association said the moderators will include: —Dan Francis of Andrews ... [Read More]
Advantage promotes Frasher to national sales director
Tuesday, Oct. 3, 2023, 12:01 PM
BHPH Report Staff
On Monday, Advantage Automotive Analytics announced the promotion of Melissa Frasher to national sales director. The provider of modern data analytics and advanced risk-mitigation solutions for vehicle finance professionals highlighted the executive move is part of its ongoing national expansion ... [Read More]
WSIADA partners with ComplyNet to boost resources for Washington state independent stores
Friday, Sep. 22, 2023, 11:06 AM
BHPH Report Staff
This week, ComplyNet announced a strategic partnership with the Washington State Independent Auto Dealers Association (WSIADA) in a move aimed at streamlining compliance processes for independent stores in the Evergreen State. In an era of increasing regulatory scrutiny and growing ... [Read More]
Revisiting topic of partial payments
Thursday, Sep. 14, 2023, 10:34 AM
BHPH Report Staff
It’s a scenario buy-here, pay-here dealerships and subprime auto finance companies might face almost daily. The customer’s monthly payment is due, and it’s $500. But the individual encountered an issue and asked your representative if $250 could be accepted now ... [Read More]
Rise in bankruptcy filings ‘becoming a reality’
Thursday, Sep. 7, 2023, 10:17 AM
BHPH Report Staff
With at least one expert explaining expectations are “becoming a reality,” buy-here, pay-here dealerships and finance companies that still will book paper with consumers in an active bankruptcy are getting a deeper potential customer pool. According to data provided by ... [Read More]
Campbell to succeed Williams as Car-Mart CEO
Tuesday, Sep. 5, 2023, 10:11 AM
BHPH Report Staff
Coming off the first quarter of its 2024 fiscal year that included sales gains and “normalization” of charge-offs, America’s Car-Mart also announced on Tuesday that its board of directors has elected current president Doug Campbell to succeed Jeff Williams as ... [Read More]
PODCAST: More guidance for handling eOSCAR system updates
Thursday, Aug. 31, 2023, 10:33 AM
BHPH Report Staff
Earlier this summer, eOSCAR — the web-based system that can enable data furnishers (DFs) and credit reporting agencies (CRAs) to respond to consumer credit history disputes — made major technology upgrades, which created several operational changes. To help buy-here, pay-here ... [Read More]
Indiana independent dealers celebrate convention’s return
Tuesday, Aug. 29, 2023, 03:09 PM
BHPH Report Staff
The Indiana Independent Auto Dealers Association (IIADA) recently hosted its first convention in more than a decade, celebrating achievements and milestones of its members and industry leaders. The first recipient of the IIADA Distinguished Member Award was Kesler Schaefer Auto ... [Read More]