Webb sees BHPH dealers ‘in better position’
Tuesday, Feb. 21, 2017, 08:37 PM
Nick Zulovich, Senior Editor
Cox Automotive chief economist Tom Webb acknowledged the past few years probably constituted the most difficult span ever encountered by buy-here, pay-here dealers. Finance companies specializing in the subprime space took on contracts deeper down the credit spectrum, leaving operators ... [Read More]
5th J.D. Byrider store in Missouri opens
Thursday, Feb. 16, 2017, 09:12 PM
BHPH Report Staff
Buy-here, pay-here franchise chain J.D. Byrider recently opened its fifth location in Missouri; the second one in the Show-Me State to join the network so far this year. The new location is in Rolla at 2603 N. Bishop Ave. This ... [Read More]
Bankruptcies rise in consecutive months for first time in 7 years
Tuesday, Feb. 14, 2017, 03:07 PM
BHPH Report Staff
It appears the chances a potential customer coming to your buy-here, pay-here dealership having recently filed for bankruptcy are on the rise. The American Bankruptcy Institute reported total U.S. filings increased 5 percent year-over-year in January, creating a trend not ... [Read More]
REPAY acquires Sigma Payment Solutions
Monday, Feb. 13, 2017, 03:22 PM
BHPH Report Staff
In a move executives say will benefit buy-here, pay-here dealerships and other participants in the auto finance space, Realtime Electronic Payments (REPAY), a full-service provider of advanced payment technology products and electronic transaction processing services for the consumer lending industry, ... [Read More]
4 questions with Susan Perlmutter of Sigma Payment Solutions
Thursday, Feb. 9, 2017, 04:42 PM
BHPH Report Staff
In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up ... [Read More]
4 questions with DealerSocket’s Peter Ord
Thursday, Feb. 9, 2017, 04:39 PM
BHPH Report Staff
In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up ... [Read More]
3 best practices for floor plan management
Tuesday, Feb. 7, 2017, 07:54 PM
BHPH Report Staff
Whether or not you already have all the inventory you need for tax season, NextGear Capital offered a trio of best practices for floor plan management; applicable to when your buy-here, pay-here operation is looking to move metal fueled by ... [Read More]
4 questions with Russ Algood of Ace Motor Acceptance
Thursday, Feb. 2, 2017, 05:00 PM
BHPH Report Staff
In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up ... [Read More]
PassTime names new VP of sales for the Southeast
Tuesday, Jan. 31, 2017, 07:09 PM
BHPH Report Staff
GPS telematics products provider PassTime recently announced it has hired Blair Witter as the company’s new vice president of sales for the Southeast region. Witter brings with him decades of industry experience, coming from Credit Acceptance. Witter worked at Credit ... [Read More]
4 questions with NCM Associates’ Brent Carmichael
Friday, Jan. 20, 2017, 08:22 PM
BHPH Report Staff
In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up ... [Read More]