COMMENTARY: Can online video help you sell more cars?
Tuesday, Sep. 21, 2021, 02:31 PM
Kenny Atcheson, Dealer Profit Pros
More dealers advertise using online video but are unsure of the most effective strategy. One of the most important things to know is that online video is not television. Do not take your television commercial and slap it on YouTube. ... [Read More]
NextGear details $1.6B in recent transactions
Thursday, Sep. 16, 2021, 03:23 PM
BHPH Report Staff
Obviously, operators need financial resources to run their dealerships. Capital providers do, too. And NextGear Capital announced on Thursday that it has more resources to help independent and buy-here, pay-here dealerships. The Cox Automotive division said it completed the renewal ... [Read More]
6 tips to spot Hurricane Ida-damaged vehicles
Tuesday, Sep. 14, 2021, 02:13 PM
BHPH Report Staff
Experts from AiM Mobile Inspections are seeing history repeat itself. And it could mean even more headaches for independent and buy-here, pay-here dealerships already having trouble finding inventory. AiM Mobile Inspections is spotting flood-damaged vehicles surface because of Hurricane Ida ... [Read More]
Pandemic continues to slow bankruptcy filings
Thursday, Sep. 9, 2021, 03:01 PM
BHPH Report Staff
Just like the pandemic is slowing defaults and vehicle repossessions, COVID-19 is keeping bankruptcy courts quieter than usual, too. Epiq released its August bankruptcy filing statistics from its AACER bankruptcy information services business this week. [Read More]
Tricolor set to expand nationwide fueled by $90M in funds managed by BlackRock
Thursday, Sep. 9, 2021, 02:59 PM
BHPH Report Staff
Tricolor has operated its vehicle retail and financing enterprise focused on the Hispanic market for the past 14 years in California and Texas. Now with financial resources from one of the most notable investment firms in the country, Tricolor has ... [Read More]
Car-Mart elects new board member
Thursday, Sep. 2, 2021, 03:48 PM
BHPH Report Staff
America’s Car-Mart announced the newest member of its board on Thursday. The company with a network of more than 150 buy-here, pay-here dealership said its stockholders elected Julia Davis to its board in a move that was effective as of ... [Read More]
NIADA names National Quality Dealer at annual convention
Monday, Aug. 30, 2021, 08:55 PM
BHPH Report Staff
The National Independent Automobile Dealers Association named Cavender Auto chief executive Lee Cavender as its 2021 National Quality Dealer of the Year at last week’s NIADA Convention in San Antonio. Cavender, whose store is in Gainesville, Ga., is the first ... [Read More]
McCloskey commemorates 50 years in business by becoming new NIADA president
Friday, Aug. 27, 2021, 08:13 PM
BHPH Report Staff
The new president of the National Independent Automobile Dealers Association is celebrating a significant anniversary, too. During the 75th annual NIADA Convention and Expo, Joe McCloskey began his term as for 2021-22 by receiving the President’s Ring; an accomplishment that ... [Read More]
IARA’s Long becomes newest member of NIADA’s Ring of Honor
Friday, Aug. 27, 2021, 01:53 PM
BHPH Report Staff
Among other awards given, the National Independent Automobile Dealers Association welcomed the newest member of its prestigious Ring of Honor. During Tuesday’s Leadership Awards, part of the 75th annual NIADA Convention and Expo at the Henry B. Gonzalez Convention Center ... [Read More]
PODCAST: America’s Car-Mart chief financial officer Vickie Judy
Thursday, Aug. 26, 2021, 07:12 PM
BHPH Report Staff
America’s Car-Mart chief financial officer Vickie Judy appearance on the Auto Remarketing Podcast coincided with the company that has a network of 151 buy-here, pay-here dealerships celebrating another achievement. In the midst of celebrating its 40th anniversary, Car-Mart also was ... [Read More]