Bankruptcies stay on established track in August
Thursday, Sep. 5, 2024, 10:30 AM
BHPH Report Staff
Not much change on the bankruptcy front. Filings continued to climb with experts pointing to some of the same reasons mentioned previously for why they’ll keep rising as the year goes along. According to data provided by Epiq AACER, total ... [Read More]
Ignite: ‘Slow summer’ can be compounded by not addressing compliance risk
Tuesday, Sep. 3, 2024, 10:20 AM
BHPH Report Staff
Summer unofficially ended over the weekend with the passing of Labor Day. For weeks during the heat of summer, Ignite Consulting Partners said the firm’s experts have heard plenty of reasons why dealerships aren’t keeping resources in place to maintain ... [Read More]
3 sample responses to overcome concerns about buying now
Thursday, Aug. 22, 2024, 12:24 PM
BHPH Report Staff
Big Time Advertising founder, president and CEO Terry MacCauley acknowledged your potential buyers might be hesitant to take delivery nowadays. MacCauley said those individuals might be wary about the general economy, uneasy about the upcoming election, or stretched thin because ... [Read More]
Empire Indemnity Insurance Company Risk Retention Group aligns with TIADA
Tuesday, Aug. 13, 2024, 12:16 PM
BHPH Report Staff
Empire Indemnity Insurance Company Risk Retention Group recently joined the business partner program orchestrated by the Texas Independent Automobile Dealers Association (TIADA). This strategic partnership aims to support TIADA’s education and legislative and regulatory efforts on behalf of independent dealers ... [Read More]
Dealio Technologies completes acquisition of AutoZoom
Tuesday, Aug. 13, 2024, 12:02 PM
BHPH Report Staff
Dealio Technologies recently completed the acquisition of Auto Loan Technologies — better known as AutoZoom, which is a risk analytics system utilized by buy-here, pay-here dealers. The result of the move is a revamped tool for operators now called Dealio ... [Read More]
COMMENTARY: What running dealerships and driving a Bugatti Veyron have in common
Thursday, Aug. 8, 2024, 11:08 AM
Joe Allen, Ignite Consulting Partners
Imagine owning a Bugatti Veyron, one of the most luxurious and high-performance vehicles in the world, which will cost between $1.2 million for a used one and up to $2.5 million for a new one. Would you ever consider taking ... [Read More]
Total July bankruptcy filings spike 24% year-over-year
Tuesday, Aug. 6, 2024, 01:02 PM
BHPH Report Staff
Economists on Monday discussed whether the U.S. already is in a recession. The newest bankruptcy data provided by Epiq AACER might reinforce the point-of-view from experts who see things already in a recessionary state. Also surfacing Monday, Epiq reported total ... [Read More]
New survey reflects small businesses’ hope for elected leaders, economy & more
Tuesday, Jul. 30, 2024, 12:24 PM
BHPH Report Staff
The National Independent Automobile Dealers Association makes its annual pilgrimage to Capitol Hill in September, and National Write Your Congressman (NWYC) gave another view about how those operators might be feeling when they travel to Washington, D.C. NWYC, another organization ... [Read More]
Pennsylvania parolee sentenced to 30 months in federal prison for odometer fraud scheme
Tuesday, Jul. 30, 2024, 12:18 PM
BHPH Report Staff
Earlier this month, a Pennsylvania man already on parole was sentenced to 30 months’ imprisonment by U.S. District Court Judge Christopher Conner following his conviction for odometer tampering and forging vehicle titles. The U.S. Attorney’s Office for the Middle District ... [Read More]
SmartGroups to launch BHPH & LHPH 20 groups this fall
Thursday, Jul. 25, 2024, 10:41 AM
BHPH Report Staff
SmartGroups is expanding its 20 group program for dealerships into the buy-here, pay-here and lease-here, pay-here spaces. The company said on Thursday that its inaugural meetings for these new groups are scheduled for October in Charlotte, N.C. “At SmartGroups, we ... [Read More]