Byrider is looking to make it easier for dealer operators and other entrepreneurs to gain a franchise in its network of buy-here, pay-here stores. This week, the company announced the launch of its new franchising model, Byrider Direct, adding what ... [Read More]

This week, the National Independent Automobile Dealers Association announced the newest vendor to join the organization as a National Corporate Partner. According to a news release, VINsmart joined this NIADA group as its newest bronze-level member, offering affordable, reliable vehicle ... [Read More]

The reputation of independent dealerships took another hit recently when the Department of Justice revealed unscrupulous allegations against a former Maryland operator that included using the Paycheck Protection Program (PPP) to purchase nearly 40 luxury vehicles, acquire real estate and ... [Read More]

Will Mitchell has been with Automotive Finance Corp. for six years and now he’s one of the floorplan provider’s top executives. The KAR Global business unit on Tuesday announced the promotion of Mitchell to chief operating officer; a position where he ... [Read More]

The first quarter closed with the largest amount of consumer bankruptcy filings registered during a single month since the pandemic began. According to filing statistics from Epiq’s AACER bankruptcy information services business, there were 41,150 new non-commercial consumer filings in ... [Read More]

This week, Texas Capital Bank welcomed an executive who has served at institutions such as Truist Financial, Wells Fargo and Fifth Third Bank to serve in the newly created position of head of corporate banking. Appointed to this post effective ... [Read More]

In a move intended to improve cash flow for independent dealers, NextGear Capital on Thursday introduced a new program for its floorplan financing. The company highlighted its new flex pricing program can reduce the principal paydown rate to .01% per ... [Read More]

Two of the sharpest tools buy-here, pay-here operators can use to mitigate their risk are GPS devices and license-plate recognition technology. With the pandemic still significantly impacting just about every aspect of life nowadays, BHPH Report reconnected with two top executives ... [Read More]

The exciting part of tax season is retailing vehicles and filling the portfolio of paper to generate payments for many months to come. The complicated part of tax season is making sure your business made all of its necessary filings ... [Read More]

For buy-here, pay-here operators and other independent dealerships that haven’t gotten or used federal resources to aid their businesses, they now have more time to complete applications and secure funding. Earlier this week, President Joe Biden signed the PPP Extension ... [Read More]