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This Month's Focus

Turbocharged Finance
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3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
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
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

Latest Agora offering specialized for real estate & facilities

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BHPH Report Staff
Agora Data already worked with buy-here, pay-here dealerships to help them get the capital they need to acquire inventory. Now the company has a new offering to assist BHPH operators have improved facilities to display and turn those vehicles. On ... [Read More]

Buckeye forms alliance with ADSG to boost reinsurance investment & tax strategies

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BHPH Report Staff
Sometimes, having an extra cook in the buy-here, pay-here kitchen can be helpful. At least that’s the intention of the new relationship between Buckeye Dealership Consulting and Auto Dealer Services Group (ADSG). Buckeye, a national provider of re-insurable finance and ... [Read More]

PODCAST: Ken Shilson on annual BHPH benchmarks

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BHPH Report Staff
The pandemic didn’t slow Subprime Analytics president Ken Shilson from compiling his annual benchmarks of the buy-here, pay-here industry. In fact, in this episode of the Auto Remarketing Podcast, Shilson shared how the pandemic actually presented an opportunity to make ... [Read More]

New PassTime partnership with Sky Monitor GPS Americas opens path into new markets

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BHPH Report Staff
Just like many of the companies it serves, PassTime is diversifying its portfolio. On Thursday, the provider of asset tracking solutions announced it has formed a partnership with Sky Monitor GPS Americas and managing director Mike Southerland. As a market ... [Read More]

May bankruptcy filings reverse trajectory after 2 months of increases

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BHPH Report Staff
A jump in bankruptcies lasted just two months before returning to levels seen during most of last year. Epiq recently released its May bankruptcy filing statistics from its AACER bankruptcy information services business, reporting that new filings for May dropped ... [Read More]

ACV rolls out financing flexibility to smooth title issues & more

George Chamoun
BHPH Report Staff
Floorplan providers are taking extensive actions nowadays to help independent dealerships secure the inventory they need as the wholesale market is impacted by soft volumes and soaring prices. After moves by Cox Automotive’s NextGear Capital as well as KAR Global’s ... [Read More]

AFC now offers independent dealers flexible payment alternative

AFC execs for web
BHPH Report Staff
For independent dealers with cash flexibility, AFC is rolling out a program to leverage that liquidity when securing inventory during these unprecedented times in the wholesale market. On Tuesday, the business unit of KAR Global announced that it now offers ... [Read More]

PODCAST: Recapping Compliance Unleashed with Ignite’s Steve Levine

Steve Levine with logo for web
BHPH Report Staff
Ignite Consulting Partners chief legal and compliance officer Steve Levine returned for another visit; this time recapping on the Auto Remarketing Podcast how cathartic it was to host the firm’s compliance training event again in person. Levine also described how ... [Read More]

Agora Data closes second group securitization involving 40 BHPH operators & finance companies

money-key
BHPH Report Staff
Agora Data again used the old adage, “strength in numbers,” to leverage the capabilities of the securitizations market for operations that typically do not have the size or scale to attract investment-community interest. This week, the company announced the successful ... [Read More]

After a year of separation, independent dealers eager for in-person training

business excellence
Nick Zulovich, Senior Editor
Chuck Bonnano is the vice president of dealer development at the National Independent Automobile Dealers Association. Brent Carmichael is the 20 group moderator, consultant and instructor with NCM Associates. As engaging as both Bonnano and Carmichael are, a Zoom meeting ... [Read More]

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