Bankruptcies at pace not seen since the 1980s
Thursday, Dec. 9, 2021, 03:17 PM
BHPH Report Staff
It’s been 40 years since bankruptcy filings have been at the pace experts from Epiq and the American Bankruptcy Institute (ABI) are seeing in 2021. Last week, Epiq released its November bankruptcy filing statistics from its AACER bankruptcy information services ... [Read More]
PODCAST: 3 founders of BHPH United discuss purpose & goals
Thursday, Dec. 9, 2021, 03:13 PM
BHPH Report Staff
Buy-here, pay-here dealers asked for more support, and a collection of industry firms are responding to the request. Three founders of a new organization called BHPH United, which was formed for the sole purpose of providing education and resources to ... [Read More]
ABCoA blends Berkshire Risk Services into Deal Pack
Tuesday, Dec. 7, 2021, 03:40 PM
BHPH Report Staff
Advanced Business Computers of America (ABCoA), which has developed complete software solutions for independent dealerships and finance companies since 1983, recently added Berkshire Risk Services to its long list of integrations. With a mission to pioneer an all-in-one buy-here, pay-here ... [Read More]
Car-Mart broadens Oklahoma footprint
Tuesday, Dec. 7, 2021, 03:39 PM
BHPH Report Staff
Fresh off of being named the Independent Dealership of the Year during Used Car Week, America’s Car-Mart expanded its dealership network right after Thanksgiving. The company announced that its newest buy-here, pay-here dealership is located in Norman, Okla., bringing its ... [Read More]
Details of reducing rate line of credit from Agora Data
Tuesday, Nov. 30, 2021, 04:32 PM
BHPH Report Staff
Agora Data recently rolled out another tool for buy-here, pay-here dealers to get the financial resources they need to compete with well-capitalized competitors. The company that previously launched the first crowdsourced securitization for the BHPH industry recently launches another financing ... [Read More]
Byrider hands out annual awards
Tuesday, Nov. 30, 2021, 04:30 PM
BHPH Report Staff
Byrider recently honored the top performers within its network of buy-here, pay-here dealerships and franchisees. During the company’s annual convention on Nov. 13 in Scottsdale, Ariz., Byrider chief executive officer Craig Peters said, “We’re proud to recognize our franchisees and ... [Read More]
Battery breakthroughs part of Revo 2.0 from Advantage GPS
Tuesday, Nov. 30, 2021, 04:28 PM
BHPH Report Staff
At Advantage GPS, company executives and experts are charged up about batteries nowadays. The company recently launched what it’s calling Revo 2.0 — a family of advanced, self-powered wireless GPS tracking devices with cutting-edge, second-generation smart battery technology and power ... [Read More]
October bankruptcies rise but remain below pre-pandemic readings
Tuesday, Nov. 23, 2021, 04:01 PM
BHPH Report Staff
While still not recovered to the activity level seen before the pandemic, bankruptcy filings are trending higher. Epiq recently released its October bankruptcy filing statistics from its AACER bankruptcy information services business. The firm said October new filings for all ... [Read More]
Byrider expands franchise development team
Tuesday, Nov. 9, 2021, 03:02 PM
BHPH Report Staff
Byrider already has more than 140 buy-here, pay-here locations across the country. And the company recently added a new executive who is tasked with growing that store footprint even more. Byrider hired Michael Davis to reinforce its franchise development team ... [Read More]
War stories: Learning from difficult trial verdict against dealer
Thursday, Nov. 4, 2021, 04:19 PM
Steve Levine, Ignite Consulting Partners
This time, I’m going to share the story of how I learned the hard lesson that “everything you say can and will be used against you in a court of law.” I did a presentation recently on the importance of ... [Read More]