One Road Lending to help soft-credit consumers with vehicle repairs
Thursday, Apr. 21, 2016, 02:58 PM
BHPH Report Staff
With one of the most important elements to a successful buy-here, pay-here transaction being a vehicle that remains operational, RepairPal recently broadened its offering with a financing opportunity for individuals who are unable to pay for their repairs with other ... [Read More]
2015 industry benchmarks finalized, ready for distribution at NABD Conference
Thursday, Apr. 14, 2016, 03:59 PM
BHPH Report Staff
Ken Shilson and Dustin Kerr spent weeks going over performance data from buy-here, pay-here dealerships nationwide along with portfolios from their related finance companies. Now the industry experts have finalized the new Benchmarks and Trends Report that will be shared ... [Read More]
Cox Automotive bolsters commitment to NIADA
Thursday, Apr. 7, 2016, 08:36 PM
BHPH Report Staff
Demonstrating what executives involved are calling leadership and commitment to independent dealers and buy-here, pay-here operators, Cox Automotive expanded its partnership with the National Independent Automobile Dealers Association on Thursday through NIADA’s National Corporate Partner program. Seven Cox Automotive brands ... [Read More]
Q1 bankruptcy filings dip 5 percent
Thursday, Apr. 7, 2016, 06:53 PM
BHPH Report Staff
While showing some lift when only considering the March data on a sequential comparison, the pace at which bankruptcy filings are declining continued to slow during the first quarter, according to data shared by the American Bankruptcy Institute this week. ... [Read More]
J.D. Byrider promotes pair to be franchise consultants
Tuesday, Apr. 5, 2016, 07:14 PM
BHPH Report Staff
With more entrepreneurs and franchised dealerships taking an interest in J.D. Byrider’s business model, the buy-here, pay-here chain recently promoted two of its employees to be franchise consultants. Ascending into this role are Lewis Scott and Tim Bullock. This move aims ... [Read More]
Latest winners in NIADA Membership Drive Challenge
Thursday, Mar. 31, 2016, 08:25 PM
BHPH Report Staff
Along with highlighting its latest Bronze-level National Corporate Partner, the National Independent Automobile Dealers Association described how Dennis Pope of People's Financial Corp. in Mableton, Ga., “carried the ball across the goal line” to claim the top prize in the ... [Read More]
Tax refunds $1.3B behind last year’s pace
Tuesday, Mar. 29, 2016, 06:30 PM
BHPH Report Staff
Cox Automotive chief economist Tom Webb playfully pointed out via social media how much tax refunds are down year-to-date, according to the latest update from the Internal Revenue Service. The IRS indicated that the agency has processed 65,441,000 refunds through ... [Read More]
NABD offering free preview of conference during webinar
Tuesday, Mar. 22, 2016, 07:34 PM
BHPH Report Staff
Ken Shilson, president and founder of the National Alliance of Buy-Here, Pay-Here Dealers is giving operators a free preview of some of the data, information and recommendations that will be highlighted during the organization’s National BHPH Conference that’s set for ... [Read More]
9 operator benefits of SDS capital offering
Tuesday, Mar. 22, 2016, 04:08 PM
BHPH Report Staff
Strategic Dealer Services (SDS) understands that since large amounts of buy-here, pay-here dealers’ capital are tied up in the sold vehicles out on the street, operators are continuously searching for new programs and products designed to help them manage the consistent ... [Read More]
Manheim dissects what $5,000 buys at auction nowadays
Tuesday, Mar. 15, 2016, 06:39 PM
Nick Zulovich, Senior Editor
A segment of Manheim’s 2016 Used Car Market Report asked a question most buy-here, pay-here operators consider when they scour the lanes or online platforms to find inventory not only that will turn but will last for the duration of ... [Read More]
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