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]

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]

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]

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]

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]

A web browser is the gateway to so many business and personal activities nowadays. And ABCoA wanted to make sure its latest tool for dealerships and subprime finance companies can be utilized through that technology path. During its recent 2020 ... [Read More]

Imagine as an independent dealer who received a Paycheck Protection Program (PPP) loan of less than $150,000, you only had to answer a single, simple question to confirm the funds were used in accordance to PPP guidelines. And then the ... [Read More]

A new service provider now is involved with an established program for independent dealerships to retail certified vehicles just like their franchised store competition. According to a news release distributed on Tuesday, GSFSGroup has partnered with the National Independent Automobile ... [Read More]

EFG Companies is fully aware that operators likely are tracking every penny that flows through their businesses nowadays. As a result, this week the company bolstered its formal fraud detection program for dealers, creating significant roadblocks against fraud and theft ... [Read More]

Because 2020 has been a trying time for so many operators, Ignite Consulting Partners is offering buy-here, pay-here dealerships and finance companies that specialize in subprime paper the chance to get something valuable that’s tangible, both intellectually and financially. The ... [Read More]