10 operators join NextGear Capital Dealer Advisory Board
Thursday, Jun. 24, 2021, 02:32 PM
BHPH Report Staff
NextGear Capital and 10 independent dealers evidently see the potential benefits of meeting regularly in a digital space — something like we’ve all done often throughout the pandemic. In an effort to stay connected with clients beyond just surveys and ... [Read More]
Latest Agora offering specialized for real estate & facilities
Tuesday, Jun. 22, 2021, 01:47 PM
BHPH Report Staff
Agora Data already worked with buy-here, pay-here dealerships to help them get the capital they need to acquire inventory. Now the company has a new offering to assist BHPH operators have improved facilities to display and turn those vehicles. On ... [Read More]
Buckeye forms alliance with ADSG to boost reinsurance investment & tax strategies
Tuesday, Jun. 22, 2021, 01:45 PM
BHPH Report Staff
Sometimes, having an extra cook in the buy-here, pay-here kitchen can be helpful. At least that’s the intention of the new relationship between Buckeye Dealership Consulting and Auto Dealer Services Group (ADSG). Buckeye, a national provider of re-insurable finance and ... [Read More]
PODCAST: Ken Shilson on annual BHPH benchmarks
Thursday, Jun. 17, 2021, 01:53 PM
BHPH Report Staff
The pandemic didn’t slow Subprime Analytics president Ken Shilson from compiling his annual benchmarks of the buy-here, pay-here industry. In fact, in this episode of the Auto Remarketing Podcast, Shilson shared how the pandemic actually presented an opportunity to make ... [Read More]
New PassTime partnership with Sky Monitor GPS Americas opens path into new markets
Thursday, Jun. 10, 2021, 03:03 PM
BHPH Report Staff
Just like many of the companies it serves, PassTime is diversifying its portfolio. On Thursday, the provider of asset tracking solutions announced it has formed a partnership with Sky Monitor GPS Americas and managing director Mike Southerland. As a market ... [Read More]
May bankruptcy filings reverse trajectory after 2 months of increases
Thursday, Jun. 10, 2021, 03:00 PM
BHPH Report Staff
A jump in bankruptcies lasted just two months before returning to levels seen during most of last year. Epiq recently released its May bankruptcy filing statistics from its AACER bankruptcy information services business, reporting that new filings for May dropped ... [Read More]
ACV rolls out financing flexibility to smooth title issues & more
Wednesday, Jun. 9, 2021, 06:42 PM
BHPH Report Staff
Floorplan providers are taking extensive actions nowadays to help independent dealerships secure the inventory they need as the wholesale market is impacted by soft volumes and soaring prices. After moves by Cox Automotive’s NextGear Capital as well as KAR Global’s ... [Read More]
AFC now offers independent dealers flexible payment alternative
Tuesday, Jun. 8, 2021, 02:11 PM
BHPH Report Staff
For independent dealers with cash flexibility, AFC is rolling out a program to leverage that liquidity when securing inventory during these unprecedented times in the wholesale market. On Tuesday, the business unit of KAR Global announced that it now offers ... [Read More]
PODCAST: Recapping Compliance Unleashed with Ignite’s Steve Levine
Thursday, Jun. 3, 2021, 03:07 PM
BHPH Report Staff
Ignite Consulting Partners chief legal and compliance officer Steve Levine returned for another visit; this time recapping on the Auto Remarketing Podcast how cathartic it was to host the firm’s compliance training event again in person. Levine also described how ... [Read More]
Agora Data closes second group securitization involving 40 BHPH operators & finance companies
Thursday, Jun. 3, 2021, 03:00 PM
BHPH Report Staff
Agora Data again used the old adage, “strength in numbers,” to leverage the capabilities of the securitizations market for operations that typically do not have the size or scale to attract investment-community interest. This week, the company announced the successful ... [Read More]