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New technology can get BHPH dealers into customers’ mobile wallets — legally and efficiently
Tuesday, May. 16, 2017, 05:53 PM
Nick Zulovich, Senior Editor
Buy-here, pay-here dealers probably often want to get into the wallets of their customers. Not necessarily in a creepy and illegal way, but rather to ensure the individual makes payments and remains current on their installment contract. Well, with a ... [Read More]
PassTime & QuotePro Kiosk finish software project
Wednesday, May. 10, 2017, 03:10 PM
BHPH Report Staff
GPS-based technology provider PassTime recently completed a software integration project with QuotePro Kiosk, a payment solution for independent and buy-here, pay-here dealers The companies highlighted that customers utilizing both QuotePro Kiosks and PassTime GPS solutions will now be able to ... [Read More]
SecureClose integrates with Auto Master Systems
Wednesday, May. 10, 2017, 02:55 PM
BHPH Report Staff
SecureClose, a digital transaction management platform that can help dealers bring consistency to the F&I office through compliant e-closings, recently announced its integration with Auto Master Systems, a dealer management system (DMS) serving 500 buy-here, pay-here dealers and independent finance ... [Read More]
More than 12 tech launches expected for NABD 2017
Tuesday, May. 9, 2017, 03:26 PM
Nick Zulovich, Senior Editor
Service and technology providers are coming to this year’s annual gathering hosted by the National Alliance of Buy-Here, Pay-Here Dealers armed with products that Ken Shilson insisted are brand new and can help operators of all sizes immediately. Shilson highlighted more ... [Read More]
NABD’s Shilson discusses succession plan
Monday, May. 1, 2017, 04:09 PM
BHPH Report Staff
Ken Shilson and the National Alliance of Buy-Here, Pay-Here Dealers have been included in the same breath for decades. In a letter to NABD members obtained by BHPH Report on Monday, Shilson acknowledged that change is coming. Ahead of NABD’s ... [Read More]
BHPH benchmark sneak peek: the rise & appeal of leasing
Tuesday, Apr. 18, 2017, 02:09 PM
Nick Zulovich, Senior Editor
Thanks to more data and information from NCM Associates, the National Independent Automobile Dealers Association and Subprime Analytics, Ken Shilson has more evidence showing the performance of the lease-here, pay-here model that more operators are leveraging as a way to ... [Read More]
FactorTrust tool offers real-time reporting on underbanked consumers
Tuesday, Apr. 18, 2017, 02:04 PM
BHPH Report Staff
As part of its continued commitment to the needs of buy-here, pay-here dealers, short-term lenders and the alternative financial services industry, FactorTrust recently announced a tool called FlexFormat; what the company contends is the first industry standard in reporting short-term ... [Read More]
Reviewing 2017 tax season
Thursday, Apr. 13, 2017, 02:28 PM
Nick Zulovich, Senior Editor
With the deadline to file federal income tax forms passing on April 18, Cox Automotive chief economist Tom Webb reflected back on what’s known as tax season but likely isn’t the resounding retail period for buy-here, pay-here dealers it once ... [Read More]
Top 3 bankruptcy trends from past 2 quarters
Thursday, Apr. 13, 2017, 02:06 PM
BHPH Report Staff
Three noteworthy trends associated with bankruptcies surfaced during the past two quarters. The American Bankruptcy Institute (ABI) reported that total U.S. filings fell slightly during the first quarter but ticked higher in March compared to the same month a year ... [Read More]
BHPH benchmark sneak peek: income insights
Tuesday, Apr. 11, 2017, 03:11 PM
BHPH Report Staff
In another preview of the annual industry benchmarks compiled by the National Alliance of Buy-Here, Pay-Here Dealers, Ken Shilson touched on three more highlights from the “most comprehensive report we have ever published on subprime auto finance,” covering activity through ... [Read More]