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SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here

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]

PODCAST: America’s Car-Mart president and CEO Jeff Williams

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BHPH Report Staff
For the first time, America’s Car-Mart president and chief executive officer Jeff Williams joined the Auto Remarketing Podcast. Williams highlighted how well the chain of buy-here, pay-here dealerships has pivoted its operations to meet protocols triggered by the pandemic as ... [Read More]

Kinetic Advantage rolls out auditing platform, major growth plans

Marty with logo for web
BHPH Report Staff
It’s been an active opening month of 2021 for Kinetic Advantage, a newly formed floorplan financing company with an eye on gaining market share among independent dealerships. After landing an undisclosed amount of funding through Altamont Capital Partners, Kinetic Advantage ... [Read More]

CARite & DriveItAway partner to offer vehicle subscriptions regardless of credit

carite driveitaway for web
BHPH Report Staff
Fresh off expanding its dealer group footprint to 26 total locations, CARite now has partnered with DriveItAway in an effort to help consumers secure vital transportation while building equity and taking a “never-ending test drive.” On Tuesday, CARite announced the ... [Read More]

Texas Capital Bank adds 2 execs as new CEO takes over

Texas Capital for web_0_0
BHPH Report Staff
After closing a “challenging year” with “strong fourth-quarter results,” Texas Capital Bank announced a pair of executive leadership appointments, effective immediately, creating roles for experienced professionals who each spent many years in posts at JPMorgan Chase & Co. Now serving ... [Read More]

Atcheson: How should independent dealers navigate through 2021?

2021 car ignition
Kenny Atcheson, Dealer Profit Pros
After one of the strangest years ever, how have you prepared for 2021? Election years are usually off the wall, but 2020 was ridiculous. Uncertainties that linger affect how a dealer plans for and navigates through 2021. To write off ... [Read More]

Altamont invests in Kinetic with eye on growing floorplan business among independent dealers

kinetic for web
BHPH Report Staff
Altamont Capital Partners said the investment firm is “impressed” with Kinetic Advantage, a newly formed floorplan financing company led by industry veterans Marty McFarland, Randy Dohse and Chris Brady. While specific terms of the transaction were not disclosed on Monday, ... [Read More]

Full PPP loan access to return no later than Tuesday

cash flag lens
BHPH Report Staff
For some buy-here, pay-here operators seeking a Paycheck Protection Program (PPP) loan, their banker could have access to the program as soon as Friday. If the opportunity doesn’t arrive by the end of the week, federal officials confirmed that the ... [Read More]

2020 bankruptcy filings sink to lowest level in 34 years

bankruptcy 2
BHPH Report Staff
Of all the financial turbulence created by the pandemic, a record-setting number of bankruptcies was not among the unprecedented developments. In fact, according to data shared by the American Bankruptcy Institute (ABI) and Epiq, last year generated the fewest filings ... [Read More]

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