Konnect updates magnetic GPS tracker
Tuesday, May. 28, 2024, 02:31 PM
BHPH Report Staff
Just before Memorial Day weekend, Konnect GPS announced the launch of a new, updated version of its magnetic GPS tracker. Konnect GPS said it can monitor a vehicle as well as other business assets because, unlike Bluetooth-enabled Apple Air Tags ... [Read More]
Top 5 states where elderly face biggest risk for bankruptcy
Tuesday, May. 21, 2024, 09:53 AM
BHPH Report Staff
Total U.S. bankruptcy filings in April increased 28% year-over-year, according to the latest data provided by Epiq AACER. With that rise in mind, Moneywise recently analyzed 11 factors to determine which states contain elderly U.S. citizens — individuals over age ... [Read More]
Kinetic enhances monthly subscription service with transportation feature
Thursday, May. 16, 2024, 12:41 PM
BHPH Report Staff
Subscriptions held by independent dealers can get them their favorite music, movies and now transportation for their incoming inventory. This week, Kinetic Advantage rolled out an enhancement to its floorplan financing for independent dealers. Dealers enrolled in the provider’s monthly ... [Read More]
Bankruptcies spike again in April with more filings predicted
Tuesday, May. 14, 2024, 09:54 AM
BHPH Report Staff
Like heat and humidity often fuel thunderstorms, high inflation and interest rates are pushing consumers and businesses into bankruptcy. According to data provided by Epiq AACER, total U.S. bankruptcy filings in April increased 28% year-over-year, rising from 35,497 to 45,592. ... [Read More]
Car-Mart set to grow Texas footprint
Thursday, May. 9, 2024, 11:52 AM
BHPH Report Staff
America’s Car-Mart is poised to surge past a baker’s dozen of locations in the Lone Star State. The company announced last week that it has entered into a definitive agreement to purchase the dealership assets of Texas Auto Center (TAC). ... [Read More]
Dealers gain valuable knowledge through record-setting BHPH United Summit
Tuesday, May. 7, 2024, 11:39 AM
BHPH Report Staff
In what organizers said was their “best yet,” more than 400 attendees consisting of buy-here, pay-here dealers from across the country gathered at the Bellagio in Las Vegas for the third annual BHPH United Summit. After three days of dealer-to-dealer ... [Read More]
Ignite warns dealerships about ‘bet the business’ lawsuit filed by Minnesota AG
Thursday, May. 2, 2024, 11:43 AM
BHPH Report Staff
Ignite Consulting Partners ended up with a great way to promote its upcoming compliance conference courtesy of the latest action by the Minnesota attorney general. The firm recapped in its Tip of the Week about Minnesota attorney general Keith Ellison ... [Read More]
Glenview Finance continues aggressive service launch with bulk portfolio program
Tuesday, Apr. 30, 2024, 10:32 AM
BHPH Report Staff
April has been a busy month for Glenview Finance. The company began the second quarter by rolling out five services for tasks such as underwriting and data analytics. Then last week, the company launched its program for bulk portfolios. Glenview ... [Read More]
Latest look at tax season data & other trends
Thursday, Apr. 18, 2024, 11:18 AM
BHPH Report Staff
Another state and federal tax filing season closed this week unless consumers asked for an extension. According to the latest data from the IRS, the average refund came in at just above $3,000, which could be great for buy-here, pay-here ... [Read More]
Kinetic Advantage finalizes first securitization
Tuesday, Apr. 16, 2024, 03:06 PM
BHPH Report Staff
Kinetic Advantage began the week by a revealing a major accomplishment for the 4-year-old company. The national provider of floorplan services for independent dealers announced that it completed its inaugural securitization of floorplan receivables, finalizing the move on Friday. According ... [Read More]