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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

Selly & Frazer integrate to improve CRM and more

selly frazer for web
BHPH Report Staff
Two technology platforms used by buy-here, pay-here and independent dealers are now integrated to make customer relationship management and other dealership management segments work more efficiently. On Monday, Selly Automotive CRM announced its real-time integration with Frazer Computing, which provides dealer ... [Read More]

PODCAST: 20 group meetings during the pandemic

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BHPH Report Staff
Just like the dealers he serves, Brent Carmichael found ways to adapt. The 20 group moderator, consultant and instructor with NCM Associates joined the podcast to describe how dealer gatherings have continued to be beneficial despite the pandemic creating restrictions ... [Read More]

PODCAST: Agora Data’s Steve Burke on credit availability

steve burke with logo for web
BHPH Report Staff
Agora Data chief executive officer Steve Burke returned for another podcast appearance to discuss two of his passions: buy-here, pay-here dealerships and helping them get the capital they need to be successful. The conversation came after the company rolled out ... [Read More]

PPP loans only for businesses with less than 20 employees start Wednesday

covid flag and cash
BHPH Report Staff
For the smallest buy-here, pay-here and independent dealerships, perhaps their best opportunity to secure funding through the latest round of the Paycheck Protection Program (PPP) arrives on Wednesday. According to an announcement from the White House on Monday morning, the ... [Read More]

PODCAST: Marty McFarland of Kinetic Advantage

Marty with logo for web
BHPH Report Staff
This isn’t Marty McFarland’s first experience in starting up a company. But it is the first time he’s been involved in one during a pandemic. McFarland appeared on the Auto Remarketing Podcast not only to recap the journey Kinetic Advantage ... [Read More]

PODCAST: Scott Maybee of NextGear Capital

Scott of NextGear for web
BHPH Report Staff
Scott Maybee now has been the president of NextGear Capital for a little more than a year. During much of that time, the pandemic has impacted how the floorplan company functioned internally and with its independent dealership client base. Maybee ... [Read More]

Credit lines now part of Agora Data’s dealer offering

money and key_169254722
BHPH Report Staff
Without financial resources, buy-here, pay-here dealerships likely wouldn’t exist since it’s such a high-risk, cash-dependent piece of the automotive industry. And for the second time in the past couple of months, Agora Data added to its suite of market-disruptive capabilities ... [Read More]

Experts get creative to describe January bankruptcy metrics

bankruptcy image
BHPH Report Staff
The ongoing year-over-year decline in bankruptcy filings because of the pandemic prompted experts to get creative to summarize the situation. According to data provided by Epiq, the American Bankruptcy Institute (ABI) reported that total consumer and business filings fell more ... [Read More]

Dixon among 3 new NIADA vice presidents

Larry Dixon at UCW
BHPH Report Staff
A wholesale market expert who has appeared multiple times during the National Remarketing Conference and Used Car Week now is a part of the team at the National Independent Automobile Dealers Association. Among the three executive moves announced by NIADA ... [Read More]

COMMENTARY: Meet the new boss; same as the old boss

Steve Levine with logo for web
Steve Levine, Ignite Consulting Partners
The Who song, “Won’t Get Fooled Again” ends with the words that I’ve chosen to be the title to this article, and through them, Pete Townshend sums up the subject of revolution by seemingly saying “the more things change, the ... [Read More]

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