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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

Annual bankruptcy filings dip for 7th straight year

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BHPH Report Staff
A potential source of buy-here, pay-here customers — the annual figure of consumers filing for bankruptcy — dropped for the seventh year in a row. But that well of vehicle buyers who potentially have little choice but to use a ... [Read More]

NIADA Foundation gives $25K to start endowment at UT Arlington

student loans
BHPH Report Staff
The NIADA Foundation, which for years has invested in education through its scholarship program, is taking that investment to another level, according to an announcement from the National Independent Automobile Dealers Association. Officials said on Thursday that the foundation’s board ... [Read More]

Braeger Financial Group unveils dealer note program with 4 different maturities

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BHPH Report Staff
Three years after leaving the investment banking world to form Braeger Financial Group with the objective of bringing individual accredited investors directly into auto finance, David Braeger recently rolled out his latest financing products to help buy-here, pay-here and independent ... [Read More]

Opportunity knocks for BHPH in 2017

speedometer to 2017
Ken Shilson, NABD
As the year closes, it is time to look forward and plan for next year. Recent performance data for the subprime auto finance market indicates that better days are ahead for independent buy-here, pay-here operators who can capitalize on the ... [Read More]

Dealer Profit Pros hosting free webinar looking ahead to 2017

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BHPH Report Staff
BHPH Report and NCM Associates are set to join a free webinar hosted by Dealer Profit Pros that’s meant to give buy-here, pay-here dealers constructive information to form strategy for 2017 and beyond. The session is scheduled for 1 p.m. ... [Read More]

Bankruptcies on pace for 2nd lowest total since 2005

bankruptcy
BHPH Report Staff
The American Bankruptcy Institute reported that total bankruptcy filings in November decreased by double digits year-over-year, reinforcing an anticipation of the second-lowest annual figure in 11 years. According to data provided by Epiq Systems, the total bankruptcy filings of 59,300 ... [Read More]

J.D. Byrider hands out 20 dealer awards

Award
BHPH Report Staff
Buy-here, pay-here dealership chain J.D. Byrider recognized winners of the company’s annual awards at its November convention in Scottsdale, Ariz. The Franchise of the Year winners were chosen in three categories: Single (one location), Mid (two to three locations) and ... [Read More]

5 ways to see if your BHPH portfolio is maximizing returns

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Ken Shilson, Subprime Analytics
As another year closes, buy-here, pay-here operators must focus on how to make next year better. The answers can’t be found in their year-end financial statements or even by reviewing unit sales numbers. This article will discuss what every operator ... [Read More]

NIADA hosting first BHPH Summit

business meeting silhouette
BHPH Report Staff
There is still time for buy-here, pay-here operators — especially ones who can easily travel to Dallas — to register for the training sessions the National Independent Automobile Dealers Association is organizing for its first BHPH Summit. The event is ... [Read More]

It’s unanimous: Attendees rave about NABD’s fall conference

more training
BHPH Report Staff
From Kansas to Georgia to across the Atlantic Ocean over to England, attendees evidently received what they wanted when the National Alliance of Buy-Here, Pay-Here Dealers hosted its Best Practices Conference in Orlando, Fla., at the beginning of this month. ... [Read More]

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