Car-Mart raises goal for annual toy drive
Tuesday, Nov. 2, 2021, 02:41 PM
BHPH Report Staff
America’s Car-Mart raised the goals for its Holiday Toy Drive, which is now in its 13th year of being orchestrated during November by the buy-here, pay-here dealership group. Since 2009, Car-Mart said in a news release that it has collected ... [Read More]
PODCAST: Talking software development & private equity investment with Allen Dobbins
Sunday, Oct. 24, 2021, 02:37 AM
BHPH Report Staff
Automotive technology entrepreneur Allen Dobbins appeared on the Auto Remarketing Podcast soon after announcing he was part of the investment AutoManager recently received from the Beekman Group, a private equity firm based in New York. Along with describing the path ... [Read More]
NY private equity firm enters BHPH space via DMS investment
Thursday, Oct. 21, 2021, 02:45 PM
BHPH Report Staff
Beekman Group, a private equity firm based in New York focused on building companies in the healthcare, consumer and the business services sectors, now has a presence in the buy-here, pay-here industry. This week, Beekman announced that the firm has ... [Read More]
COMMENTARY: NIADA pushes back against ESPN personality belittling dealers
Tuesday, Oct. 19, 2021, 02:09 PM
Nick Zulovich, Senior Editor
The National Independent Automobile Dealers Association (NIADA) offered a rebuttal when an ESPN personality chose a negative dealer stereotype to describe one of his former NFL coaches who resigned amid a scandal involving derogatory comments made about league officials and ... [Read More]
Advantage GPS gains patent for ‘Unified Device Access’
Thursday, Oct. 14, 2021, 02:23 PM
BHPH Report Staff
Advantage GPS received good news from a federal regulator this week. The provider of modern data analytics and advanced risk mitigation solutions for vehicle finance professionals announced the U.S. Patent and Trademark Office (USPTO) has granted United States Patent No. ... [Read More]
Bankruptcies continue to be down through 3 quarters of 2021
Tuesday, Oct. 12, 2021, 03:59 PM
BHPH Report Staff
The American Bankruptcy Institute (ABI) and Epiq combed through all of the filing data that’s been generated through the first three quarters of the year to try to project what might happen during the remainder of 2021 and beyond. [Read More]
ABCoA blends new CRM into DMS
Thursday, Oct. 7, 2021, 03:56 PM
BHPH Report Staff
On Thursday, Advanced Business Computers of America (ABCoA) launched what the software solutions provider for independent dealerships and subprime auto finance companies believes is a customer relationship management (CRM) solution built specifically for BHPH operators. ABCoA added cyclCRM, which is ... [Read More]
Car-Mart expands in Oklahoma by acquiring existing independent store
Tuesday, Oct. 5, 2021, 02:08 PM
BHPH Report Staff
America’s Car-Mart began October by expanding its buy-here, pay-here dealership footprint in Oklahoma with the first new store opening of its 2022 fiscal year. Car-Mart’s 152nd dealership came aboard as the company recently purchased the ongoing assets of The Car Man ... [Read More]
NIADA aligns with GWC Warranty to administrate CPO program
Tuesday, Sep. 28, 2021, 02:57 PM
BHPH Report Staff
Here’s a development to help independent and buy-here, pay-here dealerships that want to retail certified vehicles. GWC Warranty and the National Independent Automobile Dealers Association recently announced a strategic partnership to provide the NIADA Certified Pre-Owned Vehicle program. According to a ... [Read More]
More than 1 million businesses apply to SBA for PPP loan forgiveness
Thursday, Sep. 23, 2021, 02:11 PM
BHPH Report Staff
For independent dealerships seeking to have their Paycheck Protection Program (PPP) forgiven, they are amongst a large number of other businesses. The U.S. Small Business Administration (SBA) announced this week that it reached a major milestone as its Paycheck Protection ... [Read More]