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This Month's Focus

Turbocharged Finance
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DigniFi names chief product officer
DigniFi announced the appointment of Jefim Piekarz as chief product officer on Tuesday. The fintech company specializing in access to automobile, powersports and RV repair financing said Piekarz will lead DigniFi’s product and engineering teams, advancing product strategy, technology development, ... Read More
Maritczak brings experience from EY & Ally to PCMI
PCMI continued to revamp its executive team on Tuesday. The provider of lender compliance technology and F&I administration software added Alex Maritczak as senior director of business development, bringing more than 30 years of automotive finance and financial services experience ... Read More
Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
SPONSORED EPISODE: What independent dealers need to be successful with Chris Vangellow of Frazer
In this special sponsored episode of the Auto Remarketing Podcast, Chris Vangellow, who is the Director of Product Management at Frazer, described what’s changed most about running an independent dealership over the past few years, especially from a technology perspective. ... Listen Here
Used Car Week Hall of Fame: Grace Huang of Cox Automotive
We begin our series featuring the 2026 Used Car Week Hall of Fame honorees with Grace Huang, president of Cox Automotive Inventory Solutions, who joins Cherokee Media Group’s Joe Overby for a conversation about her career journey, the value of ... Listen Here
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here

Indiana independent dealers celebrate convention’s return

award winner
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]

Agora Data finalizes fourth private term financing

Kinetic Advantage finalizes first securitization
BHPH Report Staff
Agora Data announced last week that it closed a $160 million private term financing on Aug. 11, marking the fourth privately placed term financing for the company that offers low-cost capital along with performance data and analytics for independent and ... [Read More]

NIADA gearing up for annual Capitol Hill event

NIADA gearing up for annual Capitol Hill event
BHPH Report Staff
In about a month, the National Independent Automobile Dealers Association will host its National Policy Conference in Washington, D.C. Along with meetings on Capitol Hill with lawmakers and their staffs, NIADA will host regulators and other experts for conversations and ... [Read More]

Buckeye Dealership Consulting acquires Berkshire Risk Services

Buckeye Dealership Consulting acquires Berkshire Risk Services
BHPH Report Staff
Consolidation appeared in the buy-here, pay-here industry on Tuesday. Buckeye Dealership Consulting announced the acquisition of Berkshire Risk Services in a merger bringing together two industry service providers committed to empowering dealers and finance companies with innovative risk management tools ... [Read More]

Bankruptcies dip sequentially in July but rise year-over-year

bankruptcy
BHPH Report Staff
While softening sequentially, bankruptcy filings rose notably in July. According to data provided by Epiq Bankruptcy, total bankruptcy filings came in at 35,716 in July, representing a 15% increase from last July’s total of 30,862. Epiq reported individual bankruptcy filings ... [Read More]

PassTime & ABCoA collaborate again with Encore integration into Deal Pack

PassTime & ABCoA integrate Encore into Deal Pack
BHPH Report Staff
As long-time integration partners, PassTime and Advanced Business Computers of America, Inc. (ABCoA) have worked together for decades to provide integrated solutions to their mutual customers in the buy-here, pay-here industry and other part of auto financing. On Wednesday, they ... [Read More]

CFPB files lawsuit against US Auto Sales servicer

CFPB files lawsuit against US Auto Sales servicer
BHPH Report Staff
U.S. Auto Sales closed its 31 dealerships in the Southeast in April, but the buy-here, pay-here operation is now facing a lawsuit in federal court brought by the Consumer Financial Protection Bureau (CFPB). On Wednesday, the CFPB filed a lawsuit ... [Read More]

Expert advice on handling the e-OSCAR 4.0 transition period

Expert advice on handling the e-OSCAR 4.0 transition period
BHPH Report Staff
A recent tip of the week from Ignite Consulting Partners involved one of the potentially complicated parts of the buy-here, pay-here business: handling matters when consumers raise concerns about their credit history. The recommendations originated from the recently launched e-OSCAR ... [Read More]

SVR Tracking unveils ‘no frills’ GPS tracking tailored for BHPH dealers

SVR Tracking unveils basic GPS tracking for BHPH dealers
BHPH Report Staff
Some operators consider their buy-here, pay-here dealerships to be “no-frills” businesses. That happens to be the moniker SVR Tracking gave its latest GPS tracking device. This week, the provider of asset management solutions for the automotive industry released SVR Repo, ... [Read More]

Bankruptcy filings rise 17% at 2023 midpoint

Bankruptcy filings rise 17% at 2023 midpoint
BHPH Report Staff
Buy-here, pay-here dealers might be seeing vehicle shoppers fresh off a bankruptcy filing if they haven’t already. According to data provided by Epiq Bankruptcy, there were 217,420 total bankruptcy filings during the first six months of 2023, representing a 17% ... [Read More]

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