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This Month's Focus

Turbocharged Finance
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Arvest Bank sees early successes with FICO Auto Score 10
Arvest Bank — a regional, full-service lender with more than 200 locations throughout Arkansas, Oklahoma, Kansas and Missouri — recently upgraded to FICO Auto Score 10 in a move to give the institution a more precise view of borrower risk ... Read More
dealership employee COMMENTARY: The secret to accelerating funding in indirect auto lending
In the early 2000s, I sat at a dealership finance desk with a calculator, a stack of pay stubs, and a phone that wouldn’t stop ringing. I gathered stips by hand, calculated income line by line, and verified insurance, hoping ... Read More
Mercedes-Benz USA approves NETSOL as a digital retail provider for its dealerships
NETSOL Technologies recently highlighted Mercedes-Benz USA has approved NETSOL as a digital retail provider for Mercedes-Benz dealerships. This move opens the brand’s dealer network to Transcend Retail, NETSOL’s digital retail platform. The platform gives buyers a single, continuous purchase experience, ... Read More
SPONSORED EPISODE: Prospects for more auto refinancing with Gravity Lending
In this special sponsored episode of the Auto Remarketing Podcast brought to you by Allied Solutions, we turn our attention to auto refinancing. Brad Paxman oversees 90 lender relationships for Gravity Lending, which is an auto refinance and fintech company ... Listen Here
Used Car Week Hall of Fame: Bob McConkey of McConkey Auction Group
Next up on our series featuring the 2026 Used Car Week Hall of Fame honorees is a conversation with Bob McConkey, president and CEO of the McConkey Auction Group. McConkey, along with MAG chief operating officer David Pendergraft and DAA ... Listen Here
SPONSORED EPISODE: What independent dealers need to be successful with Chris Vangellow of Frazer
In this special sponsored episode of the Auto Remarketing Podcast, Chris Vangellow, who is the Director of Product Management at Frazer, described what’s changed most about running an independent dealership over the past few years, especially from a technology perspective. ... Listen Here

Car-Mart expands in Oklahoma by acquiring existing independent store

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BHPH Report Staff
America’s Car-Mart began October by expanding its buy-here, pay-here dealership footprint in Oklahoma with the first new store opening of its 2022 fiscal year. Car-Mart’s 152nd dealership came aboard as the company recently purchased the ongoing assets of The Car Man ... [Read More]

NIADA aligns with GWC Warranty to administrate CPO program

NIADA James Gibson for web
BHPH Report Staff
Here’s a development to help independent and buy-here, pay-here dealerships that want to retail certified vehicles. GWC Warranty and the National Independent Automobile Dealers Association recently announced a strategic partnership to provide the NIADA Certified Pre-Owned Vehicle program. According to a ... [Read More]

More than 1 million businesses apply to SBA for PPP loan forgiveness

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BHPH Report Staff
For independent dealerships seeking to have their Paycheck Protection Program (PPP) forgiven, they are amongst a large number of other businesses. The U.S. Small Business Administration (SBA) announced this week that it reached a major milestone as its Paycheck Protection ... [Read More]

COMMENTARY: Can online video help you sell more cars?

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Kenny Atcheson, Dealer Profit Pros
More dealers advertise using online video but are unsure of the most effective strategy. One of the most important things to know is that online video is not television. Do not take your television commercial and slap it on YouTube. ... [Read More]

NextGear details $1.6B in recent transactions

Dave Horan NextGear for web
BHPH Report Staff
Obviously, operators need financial resources to run their dealerships. Capital providers do, too. And NextGear Capital announced on Thursday that it has more resources to help independent and buy-here, pay-here dealerships. The Cox Automotive division said it completed the renewal ... [Read More]

6 tips to spot Hurricane Ida-damaged vehicles

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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

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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]

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