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This Month's Focus

Turbocharged Finance
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3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

PassTime finalizes 3rd integration in 2 months

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BHPH Report Staff
For the third time already this year, PassTime is integrating with another technology provider to help buy-here, pay-here dealerships and subprime auto finance companies. This week, PassTime and BlytzPay announced an integration partnership. PassTime — a solutions company that provides ... [Read More]

ANALYSIS: Worried about your exposure due to extending credit in subprime?

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Jim Bass, Center Street Finance
A large percentage of independent buy-here, pay-here dealerships are primarily funded by a line of credit from a bank. For the most part, these arrangements have worked out well for both parties, but there appears to be a growing problem ... [Read More]

J.D. Byrider partners with HomeNet Automotive to bolster online inventory presence

person on phone near cars
BHPH Report Staff
One of the largest networks of buy-here, pay-here dealerships is leveraging a Cox Automotive division in an effort to showcase inventory more effectively online. This week, J.D. Byrider announced it has partnered with HomeNet Automotive to bring SnapLot 360 technology ... [Read More]

Q1 bankruptcies soften year-over-year

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BHPH Report Staff
The American Bankruptcy Institute reported that the first quarter closed with a decline in bankruptcy filings. According to data provided by Epiq Systems, total bankruptcy filings in March decreased 3% year-over-year. The 73,476 total filings in March were down from the ... [Read More]

Auction123 becomes newest NIADA National Member Benefit Partner

partnership gears
BHPH Report Staff
More tools to help members of the National Independent Automobile Dealers Association arrived last week. Auction123, powered by ARI Network Services and a provider of responsive website software, inventory management and automated inventory listings solutions, joined with the association as ... [Read More]

PODCAST: Examining appetite for bulk-portfolio purchases

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BHPH Report Staff
In an effort to touch on an array of topics within the used-vehicle industry, Nick recently connected with AGORA founder and chief executive officer Steve Burke for a podcast about how the market for bulk portfolio purchases is behaving. With ... [Read More]

PassTime integrates with Solutions By Text to maintain customer contact

person on phone near cars
BHPH Report Staff
For the second time this month, PassTime finalized another relationship to help buy-here, pay-here dealerships and finance companies that participate in the subprime space. After solidifying a relationship with AFS Dealers, the automotive GPS solutions provider recently announced it has ... [Read More]

Consumer bankruptcy filings dip as commercial cases soar in February

bankruptcy 2
BHPH Report Staff
As commercial filings spiked, the American Bankruptcy Institute reported that consumer filings softened in February. According to data provided by Epiq Systems, total bankruptcy filings decreased 1 percent to 56,118 in February from the 56,732 cases filed in February of ... [Read More]

COMMENTARY: 2 factors fuel optimism in latest NIADA Business Confidence Survey

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Scott Lilja and Jennifer Reid, NIADA and Equifax
Independent auto dealers weren’t sold on the economy at large heading into 2019. But they were mildly optimistic about the outlook for their businesses, according to the results of NIADA’s latest Business Confidence Survey. While dealers expecting the overall economy ... [Read More]

PassTime and AFS Dealers finalize software integration

partnership gears
BHPH Report Staff
Collections and repossessions might be a little easier now for buy-here, pay-here and lease-here, pay-here operators who use PassTime and AFS Dealers. The companies announced this week they have completed a software integration and strategic partnership. Executives highlighted that AFS ... [Read More]

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