Benchmarks Reveal A Challenging 2013
Tuesday, May. 20, 2014, 04:17 AM
Nick Zulovich, Editor
The numbers point to just how rough the retail sales seas got for some buy-here, pay-here dealers in 2013. According to the BHPH Industry Benchmarks prepared by the National Alliance of Buy-Here, Pay-Here dealers in association with SGC Certified Public ... [Read More]
Bankruptcy filings drop again in April
Tuesday, May. 6, 2014, 01:20 PM
BHPH Report Staff
The American Bankruptcy Institute determined total bankruptcy filings in the United States decreased 13 percent in April compared to the same month last year. According to data provided by Epiq Systems, bankruptcy filings totaled 87,954 in April, down from the ... [Read More]
Daughtry: Tax Season Has Ended So Now What?
Tuesday, Apr. 22, 2014, 08:02 PM
Gene Daughtry, PLS Financial
What I have heard, from speaking with dealers in different parts of the country, the “now what” answer is as follows: Find some cars. I speak with dealers each month to see what’s happening and keep up with the business. ... [Read More]
Compliance Dialogue Highlights NABD Academy & National Conference Agendas
Tuesday, Apr. 22, 2014, 07:59 PM
BHPH Report Staff
Compliance will be one of the major focuses as the National Alliance of Buy-Here, Pay-Here Dealers host two national events in less than a week at one of Las Vegas’ most luxurious resorts. First, beginning on May 18, NABD will ... [Read More]
Craigslist Marketing Continues To Evolve
Tuesday, Apr. 22, 2014, 07:47 PM
Jason Turner, LotVantage
Since the onset of the $5 charge on Craigslist, buy-here, pay-here dealerships have taken on a multitude of approaches regarding how they not only understand this marketplace, but also, more importantly, how they utilize this marketplace to attract customers to ... [Read More]
J.D. Byrider Adds Two Franchise Consultants
Tuesday, Apr. 22, 2014, 07:44 PM
BHPH Report Staff
J.D. Byrider recently announced Brad White and Jeff McKay have been added as franchise consultants at the company’s headquarters. Executives highlighted both new additions will be responsible for supporting J.D. Byrider franchisees, advising for operational and financial improvement and building ... [Read More]
Byrd: Benefits Of Offering Debt Cancellation Coverage
Tuesday, Apr. 22, 2014, 07:39 PM
Tim Byrd, Tim Byrd & Associates
There’s another one to add to the stack of lapsed insurance notifications. Another customer has decided that having insurance is not a priority. Some customers you can’t blame. The premium is higher than their car payment. You’ve hired a full-time ... [Read More]
Webb Sees 2014 Tax Season Refunds On Par With Year-Ago Level
Tuesday, Apr. 22, 2014, 07:36 PM
Nick Zulovich, Editor
With much of tax season having been completed, Manheim chief economist Tom Webb gave his assessment of how the time so critical to buy-here, pay-here operators unfolded this year. One of the points Webb emphasized earlier this month during his ... [Read More]
Newest Benchmarks Set To Summarize 2013 Industry Trends
Tuesday, Apr. 22, 2014, 07:33 PM
Nick Zulovich, Editor
For the 16th consecutive year, Ken Shilson will share buy-here, pay-here industry benchmarks as a part of what he believes are the most accurate gauge of how the industry behaved on an annual basis. The founder of the National Alliance ... [Read More]
Why Making Realistic Projections Benefits Operators
Tuesday, Apr. 22, 2014, 07:29 PM
Nick Zulovich, Editor
From job interviews to self-help books, stirring goal-oriented conversations sometimes start with the question, “Where do you want to be in five years?” In the buy-here, pay-here business, it’s sometimes difficult to project that far into the future in a ... [Read More]