PODCAST: What’s happening in BHPH with Mike Onda of Byrider Franchising
Tuesday, Feb. 27, 2024, 09:58 AM
BHPH Report Staff
The buy-here, pay-here industry was also represented at NADA Show 2024 in Las Vegas. And for this episode of the Auto Remarketing Podcast, Byrider Franchising CEO Mike Onda spent some time with Cherokee Media Group’s Nick Zulovich to discuss what’s ... [Read More]
Buckeye bolsters accounting expertise with Wiggins
Thursday, Feb. 22, 2024, 10:12 AM
BHPH Report Staff
Buckeye Dealership Consulting evidently ran the numbers and added one of the buy-here, pay-here industry’s leading experts in accounting to its roster. This week, the provider of reinsurable products for automobile dealers and finance companies announced that David Wiggins has ... [Read More]
Omnique & Wayne Reaves integrate to smooth recon for independent dealers
Friday, Feb. 16, 2024, 02:41 PM
BHPH Report Staff
Omnique and Wayne Reaves now are working together to help independent and buy-here, pay-here dealers. On Friday, the software providers announced a new integration to offer service and parts functionality to the independent reconditioning market. The companies explained their partnership ... [Read More]
Empire RRG becomes Diamond-level business partner with NIADA
Thursday, Feb. 15, 2024, 10:39 AM
BHPH Report Staff
Empire Indemnity Insurance Company Risk Retention Group now has a Diamond level business partnership with the National Independent Automobile Dealers Association. Empire chief operating officer Eric Hurst said this strategic move solidifies Empire’s commitment to providing “unparalleled support to dealers ... [Read More]
7 recommendations for independents to sharpen operations
Tuesday, Feb. 13, 2024, 09:33 AM
BHPH Report Staff
With about 45 days already on the 2024 books, NextGear Capital assembled seven recommendations for independent and buy-here, pay-here dealerships to help them stay on a positive track for the rest of the year. These suggestions touch on a variety ... [Read More]
Ignite Consulting Partners on tax season: ‘Watch your speed’
Thursday, Feb. 8, 2024, 11:40 AM
BHPH Report Staff
Ignite Consulting Partners turned to their music library to mark last week’s beginning of the Internal Revenue Service accepting federal tax returns for the current filing season. To explain what this part of the calendar can mean for independent and ... [Read More]
Increases in bankruptcy filings reach 18 consecutive months
Tuesday, Feb. 6, 2024, 12:46 PM
BHPH Report Staff
We’re now a year and a half into the upward march for bankruptcies. Reinforcing findings from the Consumer Stress Legal Index (CSLI) recently shared by LegalShield, data provided by Epiq Bankruptcy last week showed total bankruptcy filings jumped 17% year-over-year ... [Read More]
Car-Mart recaps most successful Holiday Toy Drive yet
Tuesday, Jan. 23, 2024, 10:45 AM
BHPH Report Staff
As America’s Car-Mart put it, “It’s quite a (toy) story.” The buy-here, pay-here dealership network celebrated the most successful effort for its annual Holiday Toy Drive, collecting 31,016 toys and delivering them to 31 children’s hospitals in the company’s 12-state ... [Read More]
Context around Top 10 locations with highest unemployment
Thursday, Jan. 18, 2024, 11:07 AM
BHPH Report Staff
FormRush distributed some intriguing unemployment analysis that might help buy-here, pay-here operators and special finance departments at other dealerships with their underwriting and collections efforts, especially in 10 locations. Susy Bento is the senior data scientist at FormRush, which provides ... [Read More]
COMMENTARY: Strategies for subprime market during challenging economic conditions applies to all
Tuesday, Jan. 16, 2024, 12:38 PM
Tiger Okeley, Oak Motors
It’s a challenging time to be in the car market. A host of colliding economic factors have reduced new car production, limited dealer inventory and driven the cost of new and used vehicles to record highs. At the same time, ... [Read More]