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Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

Car-Mart enjoys numerous successes during 2021 fiscal year

new carmart logo for web_0
BHPH Report Staff
With America’s Car-Mart locations turning vehicles on a monthly pace at a record level, the buy-here, pay-here dealership network closed its 2021 fiscal year with the highest amount of quarterly revenue in company history. The successes prompted Car-Mart president and ... [Read More]

NextGear engages First Gear specifically for new independent dealers

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BHPH Report Staff
You’re a new operator. You’ve pooled together your savings; maybe some help from family or friends, too, but you're still short on cash to open your doors.  NextGear Capital is looking to be the financial resource to help independent automotive ... [Read More]

PODCAST: Byrider leaders expecting notable growth, including new franchisees

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BHPH Report Staff
Byrider chief executive officer Craig Peters and vice president of franchising Chris Hadley stopped by for this episode of the Auto Remarketing Podcast, highlighting not only the company’s successes through the pandemic but also the growth potential through its revamped ... [Read More]

Tricolor recaps recent successes in Hispanic market via new white paper

tricolor white paper screen shot for web
BHPH Report Staff
Tricolor — a tech-enabled Community Development Financial Institution (CDFI) and one of the nation’s largest used-vehicle retailers that caters to Hispanic consumers — said in a new white paper that, in fact, 96% of its customers are Hispanic. And the ... [Read More]

Carpay arrives as newest NIADA National Corporate Partner

carpay screen shot for web
BHPH Report Staff
It’s probably the unofficial mantra of buy-here, pay-here dealers when operators say, “We’re not in the car business. We’re in the collections business.” Well, the newest Bronze-level National Corporate Partner of the National Independent Automobile Dealers Association aims to help ... [Read More]

COMMENTARY: Current landscape demands shrewd strategy by BHPH operators

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David Meyer, Advantage GPS
“It’s a perfect storm of used-vehicle demand meeting a perfect drought of used-vehicle supply.” That was the word from KAR Global chief economist Tom Kontos in his latest update regarding current used-vehicle market conditions. Consumers are now learning what used-vehicle ... [Read More]

New bankruptcy filings top 40K for second straight month

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BHPH Report Staff
Bankruptcy filings are continuing to trend higher as segments of the financial world continue to move toward what experts might think of as normal. Epiq recently released its April bankruptcy filing statistics from its AACER bankruptcy information services business and ... [Read More]

Funds for more PPP loans evaporate

covid flag and cash
BHPH Report Staff
If your independent dealership didn’t already secure a Paycheck Protection Program loan, it’s unlikely you’ll be seeing those federal funds. While the program was originally extended through the end of May, the Small Business Administration announced the exhaustion of PPP ... [Read More]

NextGear recaps 3 enhancements to Account Portal

Scott of NextGear for web_0
BHPH Report Staff
Ryan Martin, general manager of Strawberry Road Auto Sales in Pasadena, Texas, is one of the scores of independent dealers NextGear Capital is trying to help via its enhanced Account Portal. “Having the right tools and technology to support my ... [Read More]

Byrider launches new path to landing franchise

Byrider lot for web
BHPH Report Staff
Byrider is looking to make it easier for dealer operators and other entrepreneurs to gain a franchise in its network of buy-here, pay-here stores. This week, the company announced the launch of its new franchising model, Byrider Direct, adding what ... [Read More]

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