August consumer bankruptcy filings decreased both year-over-year and month-over-month. The head of the American Bankruptcy Institute explained why that movement happened. Before getting into the reasoning from executive director Amy Quackenboss, ABI shared data this week provided by Epiq Systems ... [Read More]

This week, Agora Data launched a financing solution that chief executive officer Steve Burke said places buy-here, pay-here operators “on the same playing field as the large dealer groups.” Burke explained that through AgoraCapital, BHPH dealers will have access to ... [Read More]

In a move cheered by an organization that advocates for small businesses like independent dealerships, the U.S. Treasury Department and Internal Revenue Service released guidance late last week regarding deferment of certain payroll taxes. The guidance stems from President Trump’s memorandum ... [Read More]

One of the firms that buy-here, pay-here dealers use to bolster its financing options expanded its presence this week via an acquisition. Buckeye Dealership Consulting, a provider of reinsurance and F&I products for independent operators, announced it has acquired Specialty ... [Read More]

One of the largest independent dealers in Washington state is diversifying — by getting into the franchised-store business. Dan Arrotta, who has operated the used-vehicle and RV superstore Spokane Automax in the Spokane, Wash., area since 2013, now is a ... [Read More]

This week, Byrider’s Warren Lenard was named a Chief Technology Officer of the Year honoree through a program orchestrated by the Indianapolis Business Journal and Techpoint. The chief technology officer for the network of buy-here, pay-here dealerships was one of ... [Read More]

Coinciding with its appearance this week during the Texas Independent Auto Dealer Association’s 2020 Virtual Conference & Expo, Agora Data announced an integration with Advanced Business Computers of America (ABCoA) Deal Pack and its dealer management software solutions. Agora Data ... [Read More]

PassTime and PayNearMe now are collaborating so finance companies know more details about where their collateral is located while also providing more options to help contract holders make their monthly payments. According to a news release, the partnership combines PayNearMe’s ... [Read More]

While overall bankruptcies remain lower year-over-year, a rise in a portion of commercial filings during July has the leader of the American Bankruptcy Institute (ABI) concerned about what might be happening later this year. According to data provided by Epiq, ... [Read More]

America’s Car-Mart recently marked the opening of its 150th dealership in one of the largest markets in Tennessee. On the last sales day of July, the chain of buy-here, pay-here dealerships began retail operations in Chattanooga, Tenn. The location is ... [Read More]