4 store developments involving Car-Mart and DriveTime
Thursday, Jul. 5, 2018, 02:41 PM
BHPH Report Staff
America’s Car-Mart and DriveTime combined to make four moves involving their dealership network in four different states during the past month. DriveTime shared developments in connection with three locations, including the opening of a new dealership in Woodbridge, Va. DriveTime’s ... [Read More]
AGORA brings in Barry to oversee sales and Hudson to join board
Tuesday, Jul. 3, 2018, 02:46 PM
BHPH Report Staff
AGORA, a Texas-based provider of technology solutions for the financial services industry, recently made two more moves to bolster its position as a platform for bulk portfolio transactions. Along with announcing that Chris Barry has become a part of the ... [Read More]
Tricolor names chief innovation officer
Thursday, Jun. 28, 2018, 03:08 PM
BHPH Report Staff
Tricolor, one of the nation’s largest used-vehicle retailers designed to serve Hispanic consumers, recently announced the addition of veteran financial services executive Jason Hutton as its chief innovation officer. Hutton, who will report directly to chief executive officer Daniel Chu, ... [Read More]
Alabama dealer receives NIADA and Cox Automotive Community Service Award
Thursday, Jun. 21, 2018, 04:39 PM
BHPH Report Staff
As the National Independent Automobile Dealers Association revamps its Certified Master Dealer program, an Alabama operator was honored for doing more than just helping customers secure a vehicle. A&D Motors Inc., whose philanthropy has made a difference throughout its small ... [Read More]
NextGear Capital to deploy new auditing tool for dealers
Thursday, Jun. 14, 2018, 03:33 PM
BHPH Report Staff
More dealer assistance is set to arrive this summer, especially for buy-here, pay-here operators who have to juggle the end-to-end process of finding inventory, reconditioning vehicles and finalizing deliveries. Stemming from dealer feedback to make a challenging audit process easier, ... [Read More]
Confident Financial Solutions and WebBank launch loan platform for vehicle repairs
Tuesday, Jun. 12, 2018, 02:22 PM
BHPH Report Staff
When the phone rings at a buy-here, pay-here dealership, it’s not uncommon for customers to be calling the store about a vehicle mechanical problem. To help consumers who might not have the financial resources for major repairs, Confident Financial Solutions ... [Read More]
May bankruptcy filings drop 4 percent
Thursday, Jun. 7, 2018, 03:05 PM
BHPH Report Staff
The American Bankruptcy Institute reported May filings dropped both on a sequential and year-over-year comparison. According to data provided by Epiq Systems, total U.S. bankruptcy filings came in at 67,307 in May, representing a 4-percent decrease from the same month ... [Read More]
Westlake rolls out spot insurance program for California dealers
Tuesday, Jun. 5, 2018, 04:19 PM
BHPH Report Staff
Buy-here, pay-here dealers in California who watch vehicles roll over the curb with buyers who have insurance challenges can take advantage of a new product offered by Westlake Financial Services. The finance company recently announced a new spot delivery insurance ... [Read More]
Private equity bank looks to deploy $80M in independent dealer space
Tuesday, Jun. 5, 2018, 04:17 PM
BHPH Report Staff
For operators looking for capital or how to handle the long-term future of their independent dealerships, perhaps Kelemen & Co. might be a financial resource to tap. On Tuesday, Kelemen, a private equity merchant bank that invests in mid-market companies ... [Read More]
Spireon receives eighth award in last 13 months
Monday, May. 21, 2018, 05:44 PM
BHPH Report Staff
Spireon has claimed another accolade for its mantle. The GPS provider recently was named the IoT Vehicle Telematics Company of the Year in the 2018 Compass Intelligence awards. Voted on by a judging panel of more than 40 industry-leading journalists, ... [Read More]