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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

NIADA forges partnership with Dell Technologies

NIADA Dell for web
BHPH Report Staff
In the early 2000s, Dell Computers ran a popular advertising campaign that included the line, “Dude, you’re getting a Dell!” Now thanks to a new relationship with the National Independent Automobile Dealers Association, the line could be revised to, “Dealer, ... [Read More]

Reinsurance expert joins RoadVantage as director of participation programs

roadvantage Ostrowski for web
BHPH Report Staff
An expert in crucial dealership functions such as accounting and dealer-owned warranty companies joined the team at RoadVantage this week. The F&I product provider announced the addition of Richard Ostrowski as director of participation programs. Ostrowski arrives at RoadVantage boasting ... [Read More]

4 benefits of Auto Master and Omnique integration

mechanic
BHPH Report Staff
Independent dealerships that also have their own repair bays now can use complementary tools to keep their retail and service operations running smoothly. This week, shop management software provider Omnique announced a partnership with Auto Master Systems  to create a ... [Read More]

Byrider raises more than $38K for American Heart Association

Byrider Heart Walk for web
BHPH Report Staff
Byrider didn’t let the pandemic slow its effort to raise money for the American Heart Association. The network of buy-here, pay-here dealerships recently announced it has raised more than $38,000 for the American Heart Association’s 29th annual Indianapolis Heart Walk ... [Read More]

3 ingredients form dire bankruptcy prediction for 2021

bankruptcy 1
BHPH Report Staff
Bankruptcy metrics came in mixed for September as the coronavirus pandemic continues to influence how cases move through the system. But the head of the American Bankruptcy Institute offered three elements that could create “a dramatic climb in filings in ... [Read More]

SBA, Treasury detail simpler PPP forgiveness for loans of $50K or less

Treasury Secretary Steven Mnuchin
BHPH Report Staff
The week closed with some positive news for dealerships that received a Paycheck Protection Program (PPP) loan of $50,000 or less. Late Thursday, the U.S. Small Business Administration, in consultation with the Treasury Department, released what officials described as a ... [Read More]

Bill Marsh Automotive Group set to open third Byrider location

Byrider Wyoming for web
BHPH Report Staff
Monday will mark the opening of the newest Byrider location in Michigan. The Bill Marsh Automotive Group is set to begin retailing vehicles within the Byrider network of buy-here, pay-here dealerships at its new location in Wyoming, Mich. The facility ... [Read More]

ADESA generates more than $20K for NIADA Foundation

money stack 100684213
BHPH Report Staff
Illinois independent dealer Eric Nelson isn’t really sure what he’s going to do with his new acquisition. That really wasn’t on his mind when he bought the head-turning, late-model sports car. Rather, Nelson was thinking more about where his money ... [Read More]

Tricolor obtains $50M loan from Kennedy Lewis

KLIM_logo_Logo for web
BHPH Report Staff
A little more than a week after rolling out the sixth securitization in company history, Tricolor Auto landed a significant financial commitment from Kennedy Lewis Investment Management. Kennedy Lewis, which classifies itself as an opportunistic credit manager, has funded a ... [Read More]

ABCoA launches next installment of browser-based platform

Jonathan Hedy for web
BHPH Report Staff
A web browser is the gateway to so many business and personal activities nowadays. And ABCoA wanted to make sure its latest tool for dealerships and subprime finance companies can be utilized through that technology path. During its recent 2020 ... [Read More]

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