Economic impacts related to the COVID-19 pandemic forced CarHop to diminish its dealership footprint. The chain of buy-here, pay-here dealerships recently announced the closure of its two Pennsylvania locations in Carnegie and Pittsburgh. CarHop, which has offered special financing through ... [Read More]

One of the primary capital providers for buy-here, pay-here dealers not only called off a merger agreement with another bank in the Lone Star State, the institution also announced a significant change in leadership. Texas Capital Bancshares, the parent company ... [Read More]

ComplyNet president and general counsel Adam Crowell recently debuted on the podcast to share how dealers are becoming more concerned about the health of their businesses than contracting the coronavirus. Crowell, who oversees the compliance solutions and risk mitigation provider that developed ... [Read More]

Independent stores might have attractive vehicles in their inventory. They might have a superb location, too. They might even have an established customer base of repeat buyers who share their positive experiences with friends and family. But Chuck Bonanno pinpointed ... [Read More]

States are slowly lifting stay-at-home restrictions, and independent dealerships are among the businesses now benefitting. Employees are coming back to work and vehicles are beginning to roll over the curb more frequently as independent operators ramp up to get back ... [Read More]

Kenny Atcheson is the founder and president of Dealer Profit Pros, which designs marketing and advertising programs for dealerships. Atcheson also is quite fond of baseball. During this episode of the Auto Remarketing Podcast, Atcheson told senior editor Nick Zulovich ... [Read More]

My oh my, this COVID-19 virus thing is not a good thing. It’s not good. It’s bad for business. It’s also been a bad thing for our personal lives. Hopefully, you and your family have fared well through this crisis. ... [Read More]

Byrider is looking to help first responders who are on the frontlines in the fight against COVID-19 have reliable transportation by offering a special discount toward a vehicle purchase through the end of May. The network of buy-here, pay-here dealerships ... [Read More]

The newest information from the American Bankruptcy Institute (ABI) possibly shows the positive impact of federal intervention to support consumers and businesses during the coronavirus pandemic. According to data provided by Epiq Systems and released on Tuesday, total U.S. bankruptcy ... [Read More]

Ignite Consulting Partners has dealership clients not only in its home state of Texas, but nationwide. And the firm has been communicating with those operators daily throughout the crisis, discussing disaster plans and more. Chief legal and compliance officer Steve ... [Read More]