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This Month's Focus

Turbocharged Finance
Presented by
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
CarLocal.io enhances automotive AI answer engine
Your family group chat might now be filled with images created with artificial-intelligence tools that highlight what your aunt would look like with a different hairstyle or your uncle’s appearance if he dropped 50 pounds. Car shoppers are also using ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

6 tips to spot Hurricane Ida-damaged vehicles

ida flood cars
BHPH Report Staff
Experts from AiM Mobile Inspections are seeing history repeat itself. And it could mean even more headaches for independent and buy-here, pay-here dealerships already having trouble finding inventory. AiM Mobile Inspections is spotting flood-damaged vehicles surface because of Hurricane Ida ... [Read More]

Pandemic continues to slow bankruptcy filings

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BHPH Report Staff
Just like the pandemic is slowing defaults and vehicle repossessions, COVID-19 is keeping bankruptcy courts quieter than usual, too. Epiq released its August bankruptcy filing statistics from its AACER bankruptcy information services business this week. [Read More]

Tricolor set to expand nationwide fueled by $90M in funds managed by BlackRock

daniel chu for web
BHPH Report Staff
Tricolor has operated its vehicle retail and financing enterprise focused on the Hispanic market for the past 14 years in California and Texas. Now with financial resources from one of the most notable investment firms in the country, Tricolor has ... [Read More]

Car-Mart elects new board member

new carmart logo for web_0_0
BHPH Report Staff
America’s Car-Mart announced the newest member of its board on Thursday. The company with a network of more than 150 buy-here, pay-here dealership said its stockholders elected Julia Davis to its board in a move that was effective as of ... [Read More]

NIADA names National Quality Dealer at annual convention

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BHPH Report Staff
The National Independent Automobile Dealers Association named Cavender Auto chief executive Lee Cavender as its 2021 National Quality Dealer of the Year at last week’s NIADA Convention in San Antonio. Cavender, whose store is in Gainesville, Ga., is the first ... [Read More]

McCloskey commemorates 50 years in business by becoming new NIADA president

NIADA collage for web
BHPH Report Staff
The new president of the National Independent Automobile Dealers Association is celebrating a significant anniversary, too. During the 75th annual NIADA Convention and Expo, Joe McCloskey began his term as for 2021-22 by receiving the President’s Ring; an accomplishment that ... [Read More]

IARA’s Long becomes newest member of NIADA’s Ring of Honor

Tony Long NIADA for web
BHPH Report Staff
Among other awards given, the National Independent Automobile Dealers Association welcomed the newest member of its prestigious Ring of Honor. During Tuesday’s Leadership Awards, part of the 75th annual NIADA Convention and Expo at the Henry B. Gonzalez Convention Center ... [Read More]

PODCAST: America’s Car-Mart chief financial officer Vickie Judy

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BHPH Report Staff
America’s Car-Mart chief financial officer Vickie Judy appearance on the Auto Remarketing Podcast coincided with the company that has a network of 151 buy-here, pay-here dealerships celebrating another achievement. In the midst of celebrating its 40th anniversary, Car-Mart also was ... [Read More]

Mullinax receives Michael R. Linn NIADA Lifetime Achievement Award

Mullinax NIADA award
BHPH Report Staff
The series of awards given by the National Independent Automobile Dealers Association began on Tuesday. Henry Mullinax, who served almost 40 years as a leader of national and state independent dealers associations, received the Michael R. Linn NIADA Lifetime Achievement ... [Read More]

NIADA notes: Convention begins with Manheim helping charity & new corporate partner joining association

NIADA 75 for web
BHPH Report Staff
Along with Manheim getting involved to benefit the NIADA Foundation, independent dealers from across the nation are excited to reconnect with their peers during the National Independent Automobile Dealers Association Convention and Expo that is live and in person once ... [Read More]

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