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Next Ron Smith Lifetime Achievement Award recipient: Kyle Birch of GM Financial
For the first time since 2022, Auto Remarketing and Cherokee Media Group are giving their Ron Smith Lifetime Achievement Award; an honor reserved especially for executives who have made one of the most significant impacts on the used-car industry. During ... Listen Here
Used Car Week Hall of Fame honoree Jared Kalfus of Black Book
We finish our series featuring the 2026 Used Car Week Hall of Fame honorees with a conversation featuring Black Book president Jared Kalfus. Kalfus describes what it takes to be successful in sales and why face-to-face conversations are still vitally ... Listen Here
SPONSORED EPISODE: Prospects for more auto refinancing with Gravity Lending
In this special sponsored episode of the Auto Remarketing Podcast brought to you by Allied Solutions, we turn our attention to auto refinancing. Brad Paxman oversees 90 lender relationships for Gravity Lending, which is an auto refinance and fintech company ... Listen Here

Individual Chapter 13 bankruptcy filings make ‘substantial’ jump in 2022

2022 bankruptcy chart for web
BHPH Report Staff
If they haven’t already, buy-here, pay-here dealerships might be seeing more applicants arriving with an active bankruptcy on their credit file. According to data provided by Epiq Bankruptcy, individual Chapter 13 bankruptcy filings in 2022 increased 32% to 149,072 from ... [Read More]

5 findings from TransUnion’s analysis of child support payments & delinquency

Revisiting topic of partial payments
BHPH Report Staff
Oftentimes, what buy-here, pay-here operators and their related finance company underwriters check when considering an applicant is their child support status and if they’ve maintained those payments. A new TransUnion public sector analysis shed new light on how those child ... [Read More]

Top 7 states for individual bankruptcies in November

bankruptcy image
BHPH Report Staff
While a single company influenced the rising number of commercial Chapter 11 bankruptcy filings in November, consumer filings rose more evenly, according to data provided by Epiq’s Bankruptcy Analytics platform. Epiq reported total U.S. bankruptcy filings in November came in ... [Read More]

Kinetic Advantage unveils 7 enhancements to floorplan management portal

money-key
BHPH Report Staff
This week, Kinetic Advantage announced more than a half dozen enhancements to its proprietary dealer management portal, Kinetic 360. The independent floorplan provider highlighted the new Kinetic 360 showcases a sleek and responsive design with functionality that can allow users ... [Read More]

COMMENTARY: Advice for independent operators to manage inventory in lean times

price-tag-3
James Virgoe, GWC Warranty
Used-vehicle prices are falling, inventory is still difficult to acquire, and economic conditions continue to weaken. These are challenging times for independent dealers. In times like these, inventory management is key to staying profitable. Here are a few tips to ... [Read More]

Car-Mart acquires longtime Lone Star State operation

Car-Mart expands via acquisition, reports fiscal Q2 performance
BHPH Report Staff
After acquiring the assets from two different independent operators last year, America’s Car-Mart finalized a similar move this week, announcing that the chain of buy-here, pay-here dealerships entered into a definitive agreement to purchase the ongoing dealership assets of Credit-Line, ... [Read More]

Cox Automotive moves auction GM into NextGear Capital VP role

nextgear exec for web
BHPH Report Staff
Cox Automotive is shifting one of its auction general managers into an executive role with its floorplan provider. On Tuesday, NextGear Capital appointed former Manheim general manager Nicole Graham-Ponce as vice president of portfolio management, following the recent appointment of former ... [Read More]

Tricolor Holdings named Inc. 2022 Best in Business award winner

Tricolor gains US patent for AI-driven underwriting tool
BHPH Report Staff
Tricolor Holdings added another award to its mantle. The used-vehicle retailer that focuses on the Hispanic market announced that it has been named to the Inc. 2022 Best in Business list, which honors companies that have made an “extraordinary” impact ... [Read More]

Byrider honors top-performing dealers

award winner
BHPH Report Staff
Earlier this month, Byrider presented awards to its franchise dealer body during the company’s annual convention in Aventura, Fla., honoring more than a dozen professionals who operate buy-here, pay-here dealerships with its franchise system. Byrider highlighted its franchise of the ... [Read More]

Floorplan roundup: Milestone for AFC’s Principal Pass; 3 exec moves at Kinetic

money-key
BHPH Report Staff
Two floorplan providers familiar to independent dealerships made major announcements this week. AFC, a business unit of KAR Global, shared an update about Principal Pass, while Kinetic Advantage expanded its leadership team. AFC said through a news release that more ... [Read More]

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