Agora Data taps Harvey Mudd College to collaborate on AI-based app for dealers
Tuesday, Oct. 27, 2020, 02:27 PM
BHPH Report Staff
Agora Data chief executive officer Steve Burke dubs it the “Mars Shot” project. This week, the finance solution provider of predictive loan technology for buy-here, pay-here dealerships announced it is sponsoring a program for the Harvey Mudd College Clinic Program ... [Read More]
NIADA forges partnership with Dell Technologies
Tuesday, Oct. 27, 2020, 02:25 PM
BHPH Report Staff
In the early 2000s, Dell Computers ran a popular advertising campaign that included the line, “Dude, you’re getting a Dell!” Now thanks to a new relationship with the National Independent Automobile Dealers Association, the line could be revised to, “Dealer, ... [Read More]
Reinsurance expert joins RoadVantage as director of participation programs
Thursday, Oct. 22, 2020, 03:16 PM
BHPH Report Staff
An expert in crucial dealership functions such as accounting and dealer-owned warranty companies joined the team at RoadVantage this week. The F&I product provider announced the addition of Richard Ostrowski as director of participation programs. Ostrowski arrives at RoadVantage boasting ... [Read More]
4 benefits of Auto Master and Omnique integration
Thursday, Oct. 22, 2020, 03:13 PM
BHPH Report Staff
Independent dealerships that also have their own repair bays now can use complementary tools to keep their retail and service operations running smoothly. This week, shop management software provider Omnique announced a partnership with Auto Master Systems to create a ... [Read More]
Byrider raises more than $38K for American Heart Association
Tuesday, Oct. 13, 2020, 02:05 PM
BHPH Report Staff
Byrider didn’t let the pandemic slow its effort to raise money for the American Heart Association. The network of buy-here, pay-here dealerships recently announced it has raised more than $38,000 for the American Heart Association’s 29th annual Indianapolis Heart Walk ... [Read More]
3 ingredients form dire bankruptcy prediction for 2021
Tuesday, Oct. 13, 2020, 02:02 PM
BHPH Report Staff
Bankruptcy metrics came in mixed for September as the coronavirus pandemic continues to influence how cases move through the system. But the head of the American Bankruptcy Institute offered three elements that could create “a dramatic climb in filings in ... [Read More]
SBA, Treasury detail simpler PPP forgiveness for loans of $50K or less
Friday, Oct. 9, 2020, 04:26 PM
BHPH Report Staff
The week closed with some positive news for dealerships that received a Paycheck Protection Program (PPP) loan of $50,000 or less. Late Thursday, the U.S. Small Business Administration, in consultation with the Treasury Department, released what officials described as a ... [Read More]
Bill Marsh Automotive Group set to open third Byrider location
Thursday, Oct. 8, 2020, 02:26 PM
BHPH Report Staff
Monday will mark the opening of the newest Byrider location in Michigan. The Bill Marsh Automotive Group is set to begin retailing vehicles within the Byrider network of buy-here, pay-here dealerships at its new location in Wyoming, Mich. The facility ... [Read More]
ADESA generates more than $20K for NIADA Foundation
Thursday, Oct. 8, 2020, 02:24 PM
BHPH Report Staff
Illinois independent dealer Eric Nelson isn’t really sure what he’s going to do with his new acquisition. That really wasn’t on his mind when he bought the head-turning, late-model sports car. Rather, Nelson was thinking more about where his money ... [Read More]
Tricolor obtains $50M loan from Kennedy Lewis
Tuesday, Oct. 6, 2020, 02:40 PM
BHPH Report Staff
A little more than a week after rolling out the sixth securitization in company history, Tricolor Auto landed a significant financial commitment from Kennedy Lewis Investment Management. Kennedy Lewis, which classifies itself as an opportunistic credit manager, has funded a ... [Read More]