Mullinax receives Michael R. Linn NIADA Lifetime Achievement Award
Wednesday, Aug. 25, 2021, 05:09 PM
BHPH Report Staff
The series of awards given by the National Independent Automobile Dealers Association began on Tuesday. Henry Mullinax, who served almost 40 years as a leader of national and state independent dealers associations, received the Michael R. Linn NIADA Lifetime Achievement ... [Read More]
NIADA notes: Convention begins with Manheim helping charity & new corporate partner joining association
Tuesday, Aug. 24, 2021, 05:38 PM
BHPH Report Staff
Along with Manheim getting involved to benefit the NIADA Foundation, independent dealers from across the nation are excited to reconnect with their peers during the National Independent Automobile Dealers Association Convention and Expo that is live and in person once ... [Read More]
Byrider volunteers during Boys & Girls Clubs summertime events in 3 cities
Thursday, Aug. 19, 2021, 03:56 PM
BHPH Report Staff
Byrider decided to have some fun this summer while helping to bring some enjoyment to children in a trio of areas where the company has buy-here, pay-here dealerships. Byrider recently wrapped up a successful week of volunteer efforts at Boys ... [Read More]
Top 10 vehicles NextGear floor planned during first half of 2021
Tuesday, Aug. 17, 2021, 02:44 PM
BHPH Report Staff
Information recently shared by NextGear Capital reinforced which vehicles are clearly the ones being stocked and retailed by independent dealers. According to its industry data, six of the top 10 vehicles floor planned with NextGear during the first and second ... [Read More]
PassTime & SourceIT partner to improve asset tracking
Thursday, Aug. 12, 2021, 03:22 PM
BHPH Report Staff
This week, PassTime announced it has partnered with SourceIT, a security company specializing in IP-based surveillance systems, servers and networking solutions. According to a news release, SourceIT will bring PassTime asset tracking solutions to its extensive customer base, complementing the ... [Read More]
America’s Car-Mart turns 40
Thursday, Aug. 12, 2021, 03:20 PM
BHPH Report Staff
Several noteworthy events happened in August of 1981, including the launch of MTV, IBM beginning sales of personal computers running the Microsoft operating system, the end of strike in Major League Baseball and the start of the buy-here, pay-here industry ... [Read More]
Vast support continues to subdue bankruptcy filings
Tuesday, Aug. 10, 2021, 02:15 PM
BHPH Report Staff
Federal government support and other aid from the financial world are continuing to subdue bankruptcy filings. [Read More]
Newest Tricolor securitization gets AAA rating
Thursday, Aug. 5, 2021, 03:20 PM
BHPH Report Staff
This week, Tricolor announced details of its seventh securitization that included a class to gain a AAA rating. The used-vehicle retailer that specializes in the Hispanic market, rolled out an issuance of $234 million of asset-backed bonds secured by a ... [Read More]
SBA opens online path to PPP loan forgiveness
Thursday, Aug. 5, 2021, 03:18 PM
BHPH Report Staff
For buy-here, pay-here operators who received a Paycheck Protection Program (PPP) loan of $150,000 or less, they might not have to repay the amount. On Wednesday, the U.S. Small Business Administration (SBA) launched a streamlined application portal to allow borrowers ... [Read More]
PODCAST: Vroom chief revenue officer during TIADA annual convention
Tuesday, Aug. 3, 2021, 02:23 PM
BHPH Report Staff
For the first time, an episode of the Auto Remarketing Podcast was recorded in front of a live audience. During the annual convention hosted by the Texas Independent Automobile Dealers Association in Round Rock, Texas, Cherokee Media Group’s Nick Zulovich ... [Read More]