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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

PODCAST: Daughtry’s tips to help dealers of all sizes

best practices
BHPH Report Staff
When the National Independent Automobile Dealers Association hosted its Subprime BHPH Conference in Chicago earlier this fall, Nick Zulovich shared a conversation with veteran operator Gene Daughtry, who now is part of the team at Buckeye Dealership Consulting. Daughtry described ... [Read More]

PODCAST: NIADA recaps visit to Capitol Hill and other activities to help dealers

capitol hill
BHPH Report Staff
Earlier this fall, Nick reconnected with NIADA senior vice president of legal and government affairs Shaun Petersen when the National Independent Automobile Dealers Association hosted its Subprime BHPH Conference in Chicago. Petersen not only recapped the association’s latest visit to ... [Read More]

Textmaxx Pro integrates with ComSoft

woman-on-phone
BHPH Report Staff
Dealerships that use Textmaxx Pro now have additional capabilities with a particular DMS. The national text message communication platform recently integrated its services with Commercial Software (ComSoft), a dealership management and marketing software solution company based in Raleigh, N.C. Officials ... [Read More]

US Labor Department registers Byrider’s service technician apprenticeship program

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BHPH Report Staff
Another large dealer body is ramping up its efforts to address the industry-wide need for qualified service technicians. As part of National Apprenticeship Week, Byrider announced its service technician apprenticeship program received registration by the U.S. Department of Labor. The ... [Read More]

COMMENTARY: Dissecting NIADA’s Q3 business confidence survey

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Scott Lilja and Jennifer Reid, NIADA and Equifax
The economy has held up very well recently given the unemployment rate reaching 3.5% recently, but it’s getting difficult to determine which direction the economy is headed in the near future. According to a recent Duke University/CFO Global Business Outlook ... [Read More]

Q4 begins with another notable bankruptcy rise

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SubPrime Auto Finance News Staff
The fourth quarter began with a double-digit climb in bankruptcies, again aided by changes in federal laws. According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported this week that total U.S. bankruptcy filings came in at ... [Read More]

Details of DOWC’s partnership with PassTime

partnership picture
BHPH Report Staff
Dealer Owned Warranty Co. (DOWC) finalized a partnership with PassTime on Tuesday. DOWC now serves as the warranty administrator for PassTime’s motorsports and RV GPS devices. The provider and administrator of F&I products and services and provider of GPS solutions ... [Read More]

Advantage GPS enhances solution with VIN-driven feature

headlight
BHPH Report Staff
Advantage GPS says it’s found a solution upgrade to help with one of the most tedious tasks for buy-here, pay-here dealers and finance companies that often participate in the subprime space. On Tuesday, the Procon Analytics company that looks to ... [Read More]

NIADA continues longstanding relationship with preferred dealer insurance provider

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BHPH Report Staff
The National Independent Automobile Dealers Association highlighted an area of its continuity this week. NIADA announced its continued longtime Bronze-level National Corporate Partnership with Williams & Stazzone as the association’s preferred property/casualty, garage liability and workman’s comp insurance provider to ... [Read More]

Ignite Consulting Partners adds to compliance team

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BHPH Report Staff
Ignite Consulting Partners reinforced its roster of experts to help auto finance companies and buy-here, pay-here dealerships. The compliance firm recently announced the addition of Clint Rutherford, who has a background both in operations and compliance. Ignite Consulting Partners highlighted ... [Read More]

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