NIADA reminds operators about using updated buyers guide
Tuesday, Jan. 30, 2018, 04:11 PM
BHPH Report Staff
The National Independent Automobile Dealers Association reminded operators about an important change from the Federal Trade Commission that went in effect this past Sunday. NIADA said dealers now are required to display the new version of the federally mandated buyers ... [Read More]
Annual bankruptcy total dips for eighth consecutive year
Tuesday, Jan. 9, 2018, 04:14 PM
BHPH Report Staff
The American Bankruptcy Institute looked over the numbers and found that total filings for 2017 dipped 1 percent compared to the previous year, extending a streak of consecutive year-over-year declines that stretches back to 2009. According to data provided by ... [Read More]
Done deal: NIADA acquires NABD
Tuesday, Jan. 2, 2018, 05:18 PM
BHPH Report Staff
Just as the industry was purchasing last-minute holiday presents and figuring out where extra guests were going to sleep, the National Independent Automobile Dealers Association (NIADA) and the National Alliance of Buy-Here, Pay-Here Dealers (NABD) announced an agreement on Dec. ... [Read More]
November bankruptcies climb year-over-year
Thursday, Dec. 7, 2017, 04:32 PM
BHPH Report Staff
The potential pool of customers who just filed for bankruptcy and could be turning to buy-here, pay-here dealers to secure transportation ticked up again in November. According to data provided by Epiq Systems, the American Bankruptcy Institute indicated consumer bankruptcies ... [Read More]
J.D. Byrider honors top franchises
Tuesday, Dec. 5, 2017, 03:48 PM
BHPH Report Staff
J.D. Byrider recently celebrated with the buy-here, pay-here corporation’s 54 owners at the company’s annual convention in Hollywood, Fla. At the event, three Midwestern dealers won top honors as a part of J.D. Byrider’s annual award program. The Franchise of ... [Read More]
Ituran USA and Auto Master integrate software to streamline collections and more
Tuesday, Nov. 28, 2017, 04:12 PM
BHPH Report Staff
Buy-here, pay-here operators who use products from Ituran USA and Auto Master Systems now can benefit from these two systems working together. The GPS solution provider and dealership management system (DMS) recently finalized integration. The companies highlighted that all Auto ... [Read More]
Will cash method soon be a choice for BHPH dealerships?
Tuesday, Nov. 21, 2017, 04:28 PM
John Donaldson and Ken Shilson
So you have heard over the years that independent dealers cannot use the cash method of accounting and must use the accrual method, which is correct. You have been told about the benefits of a related finance company and how ... [Read More]
October bankruptcy filings move higher
Tuesday, Nov. 7, 2017, 03:42 PM
BHPH Report Staff
Despite what experts see as an obstacle to filing, the American Bankruptcy Institute (ABI) noticed that the total amount of consumers and businesses seeking this legal financial shelter rose in October both sequentially and year-over-year. According to data provided by ... [Read More]
First-time attendees rave about NABD’s fall event
Thursday, Nov. 2, 2017, 02:18 PM
BHPH Report Staff
Ken Shilson, president of the National Alliance of Buy-Here, Pay-Here Dealers, reported that more than 50 percent of the surveyed attendees who came to the recent Fall BHPH Conference had never been to an NABD event previously. Evidently, those operators ... [Read More]
Cordray makes final plea to Trump about arbitration rule
Tuesday, Oct. 31, 2017, 03:21 PM
Nick Zulovich, Senior Editor
To use sports analogies, the letter might be a Hail Mary on the last play of a football game or swinging for the fences with two outs in the bottom of the ninth inning of a baseball game. On Monday, ... [Read More]