Advantage rolls out unlimited connectivity GPS risk-mitigation solution
Tuesday, Aug. 23, 2022, 06:07 PM
BHPH Report Staff
On Tuesday, Advantage Automotive Analytics debuted Evo UL, an unlimited connectivity GPS risk-mitigation solution. By employing the latest GPS hardware and applying sophisticated proprietary technology, Advantage claimed that it is the first modern data analytics and advanced, risk-mitigation solutions provider ... [Read More]
PODCAST: DC talk with NIADA’s Brett Scott
Tuesday, Aug. 16, 2022, 04:54 PM
BHPH Report Staff
Brett Scott, who is vice president of government affairs at the National Independent Automobile Dealers Association, took some time away from being on Capitol Hill for this episode of the Auto Remarketing Podcast. Scott recapped what the atmosphere is like ... [Read More]
Byrider remains on tech push with Lightico partnership
Thursday, Aug. 11, 2022, 06:04 PM
BHPH Report Staff
Byrider used technology recently to upgrade the capabilities of its service department. The network of more than 150 buy-here, pay-here dealership locations also leveraged technology to enhance its collections. While a partnership with Shopmonkey was for the service department, Byrider ... [Read More]
Tricolor named a finalist for 2 Finovate Awards
Thursday, Aug. 4, 2022, 05:55 PM
BHPH Report Staff
Tricolor is in the running for a pair of prestigious honors. The tech-enabled Community Development Financial Institution (CDFI) and one of the nation’s largest used-vehicle retailers that caters to Hispanic consumers announced it has been named a finalist in two ... [Read More]
Byrider continues ongoing tech investment with Shopmonkey partnership
Thursday, Aug. 4, 2022, 05:53 PM
BHPH Report Staff
Byrider is adding a new tool for the service drive at its 148 locations. This week, Byrider selected Shopmonkey — a cloud-based auto shop management platform as its newest technology partner. According to a news release, this relationship is part ... [Read More]
July bankruptcies dip, but experts brace for future rise
Thursday, Aug. 4, 2022, 05:51 PM
BHPH Report Staff
While bankruptcy filings soften again in July, experts caution that the trend could change later this year. According to data provided this week by Epiq Bankruptcy, bankruptcy filings totaled … [Read More]
Justice Department & CFPB repeat SCRA stipulations for auto finance
Tuesday, Aug. 2, 2022, 02:36 PM
BHPH Report Staff
Attention buy-here, pay-here dealerships with related finance companies as well as lease-here, pay-here operators. If your book of business contains individuals who are actively serving in the military, a stern letter from the Department of Justice and the Consumer Financial ... [Read More]
National Lenders unveils cloud-based insurance tracking software
Thursday, Jul. 21, 2022, 07:09 PM
BHPH Report Staff
National Lenders General Agency made its sixth significant move since March, as the company looks to provide innovative tech solutions for independent dealers and special finance companies. This week, National Lenders added to its offerings by rolling out cloud-based insurance ... [Read More]
XpressCredit enhances underwriting capability with Lokyata’s BankAnalyze
Thursday, Jul. 21, 2022, 07:04 PM
BHPH Report Staff
XpressCredit, a fintech that focuses on the small independent auto dealer market, recently selected Lokyata’s BankAnalyze solution to help support contract decisioning for XpressCredit’s network of thousands of independent dealers nationwide. XpressCredit is designed to provide users with one point ... [Read More]
Various parts of latest bankruptcy data ‘tell a different story’
Thursday, Jul. 14, 2022, 02:50 PM
BHPH Report Staff
Overall bankruptcy filings dropped by double digits year-over-year at the halfway point of 2022. But experts said after looking deeper at two specific trends that these data points “tell a different story.” According to data provided by Epiq Bankruptcy Analytics, ... [Read More]