Surviving the squeeze: How dealerships can thrive amid rising prices
Sunday, Jun. 23, 2024, 11:09 AM
Tiger Okeley, Oak Motors
Over the past three years, soaring prices have hit American consumers hard. The cost of food, fuel, and shelter have all risen dramatically, along with the goods and services we purchase every day. The car market certainly hasn’t escaped these ... [Read More]
COMMENTARY: Fire blocks and dealership compliance management
Sunday, Jun. 23, 2024, 10:48 AM
Joe Allen, Ignite Consulting Partners
Recently, I was at an industry event listening to a panel discussion about best practices when handling “heated” customer situations. One of the panelists shared a philosophy that struck a chord. He said, “Hopefully I have done a good job ... [Read More]
Industry ‘legend’ lays out pros and cons of BHPH business models
Tuesday, Jun. 18, 2024, 07:29 PM
Andrew Friedlander, Associate Editor
Brent Carmichael is no stranger to the buy here-pay here business. With more than 30 years in BHPH and subprime finance, including 10 years with a large BHPH operation, he has seen and heard … well, if not all, then ... [Read More]
Advantage GPS unveils SmartLot & expands NIADA partnership
Tuesday, Jun. 18, 2024, 12:45 PM
BHPH Report Staff
Advantage GPS made two announcements on Tuesday as operators gathered in Las Vegas for the National Independent Automobile Dealers Association Convention & Expo. Along with now being an NIADA National Corporate Partner, the provider of advanced GPS technology solutions and ... [Read More]
Geitner comes out of retirement to be president & COO of Kinetic Advantage
Tuesday, Jun. 18, 2024, 12:44 PM
BHPH Report Staff
Marty McFarland and Brian Geitner are back working together in the floorplan arena. Last week, Kinetic Advantage announced Geitner has joined Kinetic as president and chief operating officer. McFarland is a founder of the national provider of floorplan financing services ... [Read More]
PassTime launches TRAX 7 with most significant upgrades in 15 years
Tuesday, Jun. 18, 2024, 12:43 PM
BHPH Report Staff
PassTime on Tuesday announced the launch of TRAX 7, the newest version of the company’s TRAX platform. The provider of advanced asset tracking solutions said the rolling out TRAX 7 marks one of the most significant enhancements to date of ... [Read More]
BHPH expert Brent Carmichael joining NIADA
Tuesday, Jun. 18, 2024, 12:39 PM
BHPH Report Staff
The National Independent Automobile Dealers Association is hosting its biggest event of the year this week in Las Vegas and is making a significant personnel move. On Tuesday, NIADA announced the addition of veteran industry expert Brent Carmichael to its ... [Read More]
Total bankruptcy filings jump 16% in May
Thursday, Jun. 13, 2024, 11:15 AM
BHPH Report Staff
When looking at the data on a year-over-year basis, the climb in bankruptcy filings by both consumers and businesses remain upward and notable. According to data provided by Epiq AACER, there were 44,980 total U.S. bankruptcy filings in May, representing ... [Read More]
PODCAST: Financial planner Mark Burkholder explains ‘golden handcuffs,’ estate tax law change and more
Monday, Jun. 10, 2024, 06:17 PM
BHPH Report Staff
Mark Burkholder, president of the Auto Dealer Services Group for Peachtree Planning is an expert financial planner whose specialties include succession planning and estate planning. But at the recent 2024 BHPH United Summit, he spoke about something different — “golden ... [Read More]
PODCAST: ‘Epiphany’ led BlytzPay’s Robyn Burkinshaw to payment tech innovation
Monday, Jun. 10, 2024, 09:47 AM
BHPH Report Staff
For most of us, a forgotten unpaid bill is just a hassle. For Robyn Burkinshaw, it sparked “kind of an epiphany” that led her to create technology that allows customers to make payments by text, an innovation that has made ... [Read More]