700 Credit and eLEND Solutions tout dealer benefits of using ID Drive
Tuesday, Jan. 18, 2022, 04:16 PM
BHPH Report Staff
Tim Brackenbury serves as operations director for Texas Auto, an independent dealership with a pair of locations north and south of Houston. In a news release from 700 Credit and eLEND Solutions, Brackenbury described the successes of using ID Drive, ... [Read More]
Total 2021 bankruptcies drop nearly 25%
Thursday, Jan. 13, 2022, 04:34 PM
BHPH Report Staff
Total annual bankruptcy filings decreased nearly 25% year-over-year, according to data shared and discussed by Epiq and the American Bankruptcy Institute (ABI). [Read More]
PODCAST: Agora Data on current status of dealership financials & securitization market
Tuesday, Jan. 11, 2022, 03:15 PM
BHPH Report Staff
Steve Burke’s role as chief executive officer of Agora Data gives him a tremendous vantage point to access the current financial status of independent and buy-here, pay-here dealerships as well as activities within the automotive securitization market. And during the ... [Read More]
Ohio dealer’s nearly $400K settlement shows potential employment compliance pitfalls
Thursday, Jan. 6, 2022, 04:56 PM
BHPH Report Staff
Compliance expert Randy Henrick, who also is a part of the team at Ignite Consulting Partners, shared a costly example of how not following federal statutes when making personnel decisions can inflict some significant financial pain on independent and buy-here, ... [Read More]
COMMENTARY: Preparing for a unique 2022 after a unique 2021
Tuesday, Jan. 4, 2022, 03:17 PM
Kenny Atcheson, Dealer Profit Pros
There have been so many changes and unique circumstances that affect the market and your business. They must be considered as you plan for success in 2022. What to do about it all? First, plan to do something different — ... [Read More]
COMMENTARY: Time to assess changes at your BHPH or LHPH operation
Thursday, Dec. 16, 2021, 03:36 PM
Gene Daughtry, AMS Consulting
In past years, I would have been advising you to use the down time in the last quarter of a year to make assessments about your operation. Under normal circumstances it is time to evaluate your staff, look into your ... [Read More]
Car-Mart stays in acquisition mode with moves in Tennessee
Thursday, Dec. 16, 2021, 03:33 PM
BHPH Report Staff
On Wednesday, America’s Car-Mart announced its second dealership acquisition in roughly the past 60 days. At the beginning of October, this year’s Independent Dealer of the Year acquired a store in Oklahoma. And now, Car-Mart announced it has entered into ... [Read More]
PODCAST: Insights from NIADA 20 groups with Bill Elizondo
Wednesday, Dec. 15, 2021, 03:01 PM
BHPH Report Staff
For several months now, Bill Elizondo has been back on the road hosting 20 group meetings in his role as senior moderator and consultant at National Independent Automobile Dealer Association. In this episode of the Auto Remarketing Podcast, Elizondo shared ... [Read More]
Byrider aligns with Openbay to boost service department
Tuesday, Dec. 14, 2021, 03:49 PM
BHPH Report Staff
Byrider made a move this week to strengthen its service department. The chain of more than 140 buy-here, pay-dealerships and franchisees became a part of Openbay and its automotive services marketplace, one of the nation’s largest online consumer platforms for ... [Read More]
3 enhancements to AgoraInsights
Tuesday, Dec. 14, 2021, 03:43 PM
BHPH Report Staff
Agora Data added more technological horsepower to its platform aimed to help buy-here, pay-here dealerships gain more financial information and resources to growth their businesses. On Tuesday, the company highlighted the three enhancements it made to AgoraInsights. They include reporting ... [Read More]