Experts give context for 14% annual rise in bankruptcies
Thursday, Jan. 9, 2025, 11:28 AM
National Lenders General Agency adds ‘game-changer’ with Murphy as CPI program agent
Tuesday, Jan. 7, 2025, 09:57 AM
TrueSpot & PassTime partner to provide location and asset tracking solutions
Thursday, Jan. 9, 2025, 11:27 AM
Lobel Financial collaborates with NIADA as national corporate partner
Thursday, Dec. 13, 2018, 06:47 PM
BHPH Report Staff
A finance company your buy-here, pay-here operation might leverage enhanced its relationship with the National Independent Automobile Dealers Association. According to an announcement distributed this week, Lobel Financial has improved its longstanding affiliation with NIADA by becoming the association’s most ... [Read More]
Advance Auto Parts revamps website to help dealerships
Tuesday, Dec. 11, 2018, 04:26 PM
BHPH Report Staff
Advance Auto Parts recently finished an update of its online resources in an effort to help independent dealerships and buy-here, pay-here stores that have their own service drive or complete some reconditioning themselves. Advance Auto Parts completed the nationwide rollout ... [Read More]
Total bankruptcies dip in November
Thursday, Dec. 6, 2018, 03:58 PM
BHPH Report Staff
While certain commercial filings spiked, the American Bankruptcy Institute reported that consumer cases ticked lower in November. According to data provided by Epiq Systems, total U.S. bankruptcy filings in November generated a 2-percent decrease year-over-year with the figure coming in ... [Read More]
NextGear Capital’s Rapid Pay surpasses $1B in funding through 3 quarters
Tuesday, Nov. 27, 2018, 03:20 PM
BHPH Report Staff
Dealerships are leveraging NextGear Capital for more than just inventory they want running down the auction lanes. The Cox Automotive company recently highlighted that it has financed more than $1 billion through the first three quarters of the year for ... [Read More]
Tricolor continues to leverage AI-fueled risk-scoring platform for underserved Hispanic consumers
Tuesday, Nov. 20, 2018, 04:29 PM
BHPH Report Staff
A company with its roots in the buy-here, pay-here space is continuing to expand an artificial intelligence-powered financial services platform serving Hispanic consumers. Tricolor recently announced an exclusive agreement with Phenx Machine Learning Technologies. In early testing, Tricolor’s newly AI-enabled ... [Read More]
QuotePro and Fiserv partner to improve cash-collecting kiosks
Thursday, Nov. 8, 2018, 05:16 PM
BHPH Report Staff
For the 2017 National Independent Automobile Dealers Association Quality Dealer of the Year, having a way to accept cash safely for payments on retail installment contracts is crucial to operating its store efficiently and safety. And now a tool that ... [Read More]
3 clear trends surface in Equifax and NIADA Q3 Auto Business Outlook
Thursday, Nov. 8, 2018, 05:12 PM
BHPH Report Staff
This week, Equifax and the National Independent Automobile Dealers Association shared noteworthy results from their Q3 Auto Business Outlook, which stems from operators participating in a quarterly survey. Equifax and NIADA highlighted that three general themes surfaced from the latest ... [Read More]
New roles for Levine and Hudson at Ignite Consulting Partners
Tuesday, Nov. 6, 2018, 03:59 PM
BHPH Report Staff
It’s already been a November to remember for Ignite Consulting Partners. First, the auto-finance compliance firm that caters to buy-here, pay-here dealerships of all sizes, announced that Steve Levine and Richard Hudson have expanded their roles as managing partners as ... [Read More]
Q4 starts with rise in bankruptcy filings
Tuesday, Nov. 6, 2018, 03:53 PM
BHPH Report Staff
The fourth quarter began with an uptick in bankruptcy filings; perhaps providing a potential lift of buy-here, pay-here dealership customers as store operators head toward the early portion of tax season. The American Bankruptcy Institute (ABI) indicated that consumer filings ... [Read More]
Study shows car insurance is least affordable in Louisiana
Thursday, Nov. 1, 2018, 02:38 PM
BHPH Report Staff
The Insurance Research Council (IRC) might have uncovered another market challenge for buy-here, pay-here operators who sell vehicles in Louisiana, which already ranks near the top for deliquencies. According to a new study from the IRC, Louisiana ranks No. 1 ... [Read More]