Arizona grand jury hands out 19-count indictment against BHPH operator
Tuesday, Aug. 21, 2018, 02:30 PM
BHPH Report Staff
For the second time this month, authorities have made moves involving a dealership operating in Arizona; this time a buy-here, pay-here operation in the state’s largest market. Arizona attorney general Mark Brnovich and the Arizona Department of Revenue announced a ... [Read More]
Tricolor and WorkRecords collaborate on new credit score for hourly workers
Tuesday, Aug. 14, 2018, 04:08 PM
BHPH Report Staff
An operation with deep roots in buy-here, pay-here is rolling out a solution within the alternative-data space. Tricolor, one of the nation’s largest used-vehicle retailers focusing on Hispanic consumers, announced that it has reached a licensing agreement with WorkRecords to ... [Read More]
Proactive Dealer Solutions highlights BDC video education series
Thursday, Aug. 9, 2018, 02:45 PM
BHPH Report Staff
Buy-here, pay-here dealers who are looking to bolster their business development centers now have another training opportunity. A new online video education series for automotive retailers — PDS On the Rocks — has attracted the attention of thousands of car ... [Read More]
Q3 begins with rise in bankruptcy filings
Tuesday, Aug. 7, 2018, 02:42 PM
BHPH Report Staff
The second half of the year started with an upturn in bankruptcy filings, and an industry leader discussed a possible reason for the movement. According to data provided by Epiq Systems, the American Bankruptcy Institute reported total U.S. filings increased ... [Read More]
2018 NIADA Convention sets attendance record and more
Tuesday, Jul. 31, 2018, 04:05 PM
BHPH Report Staff
Here are more numbers that might please independent dealerships. The 2018 NIADA Convention and Expo might have been the 72nd such event in the National Independent Automobile Dealers Association’s long history, but it is No. 1 in all sorts of ... [Read More]
Verdict upheld against Texas BHPH dealer and why all operators need to pay attention
Tuesday, Jul. 31, 2018, 03:33 PM
Steve Levine, Ignite Consulting Partners
This one cuts close to home because the dealer in question is local to us at Ignite Consulting Partners, and I fear that a significant number of BHPH dealers are similarly vulnerable. And now, there is yet another case on ... [Read More]
Frazer finalizes integrations with AGORA and Textmaxx Pro
Monday, Jul. 23, 2018, 06:58 PM
BHPH Report Staff
Frazer Computing is making sure its dealer management system can help buy-here, pay-here dealerships with two critical functions — potentially selling parts of their portfolio as well as texting with their customers. Most recently, AGORA, a Texas-based provider of technology ... [Read More]
FLOCK Specialty Finance partners with Kennesaw State University to examine portfolio data and trends
Tuesday, Jul. 17, 2018, 02:41 PM
BHPH Report Staff
Specialty financing and associated portfolios certainly are far from elementary, which is why the topics are now going to be examined within the world of higher academics. FLOCK Specialty Finance has partnered with Kennesaw State University to create a new ... [Read More]
October BHPH conference set for Las Vegas
Thursday, Jul. 12, 2018, 03:14 PM
BHPH Report Staff
Operators can get some treats ahead of Halloween as the biggest buy-here, pay-here specific event of the year is headed back to Las Vegas. The NABD Buy-Here, Pay-Here Subprime Conference, powered by the National Independent Automobile Dealers Association, is set ... [Read More]
Halfway through 2018, bankruptcy filings down 3 percent
Tuesday, Jul. 10, 2018, 01:32 PM
BHPH Report Staff
At the year’s halfway point, bankruptcy filings are down year-over-year, according to figures distributed by the American Bankruptcy Institute. Data provided by Epiq Systems showed total bankruptcy filings during the first six months of the year decreased 3 percent to ... [Read More]