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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

Peritus Portfolio Services surpasses $100M in bankruptcy loans

money 3
BHPH Report Staff
Peritus Portfolio Services, which services auto-secured Chapter 7 and Chapter 13 bankruptcy loans, announced this week that its total outstanding balances currently under management now stands at more than $100 million. President Gary Perdue, who founded the company five years ... [Read More]

7 guarantees for upcoming NABD conference — or your money back

money back guarantee
BHPH Report Staff
Ken Shilson is giving operators an offer perhaps most of their customers might want — a money-back guarantee. To reinforce what the National Alliance of Buy-Here, Pay-Here Dealers is orchestrating for its upcoming East Coast Conference, Shilson indicated this week ... [Read More]

4 options to wind down BHPH business

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BHPH Report Staff
Continuing a series about creating a strategy either to retire or at least depart from the business, Julian Codding — a member of the National Alliance of Buy-Here, Pay-Here Dealers Hall of Fame — pinpointed four main options BHPH operators ... [Read More]

Equifax offering free webinar to help BHPH dealers with tradeline reporting

training
BHPH Report Staff
For operators who still have questions about credit reporting of customer payments and more, Equifax, in collaboration with the National Independent Automobile Dealers Association and the National Alliance of Buy-Here, Pay-Here Dealers, is hosting a free webinar in support of ... [Read More]

Car-Mart, J.D. Byrider open new stores

open for business
BHPH Report Staff
Two of the largest buy-here, pay-here dealership chains — America’s Car-Mart and J.D. Byrider — recently opened new stores, each one expanding their footprints in the Southeast. Longtime franchisees Steve and Jeanne Locklear recently rolled out their fourth dealership, broadening ... [Read More]

Technology updates from PassTime & Frazer

hands typing on keyboard
BHPH Report Staff
Two major service providers for buy-here, pay-here dealers — PassTime and Frazer — each finalized enhancements to their technological offerings. First at PassTime, the company introduced the fourth version of its popular GPS tracking system TRAX 4, which boasts an ... [Read More]

2 people to include if considering exit from BHPH

succession plan
BHPH Report Staff
Julian Codding, a member of the National Alliance of Buy-Here, Pay-Here Dealers Hall of Fame, recently decided to retire from a full-time commitment to his BHPH dealership, closing the lot and waiting for the remaining contracts to reach their terms. ... [Read More]

FTC penalizes Texas BHPH operation over credit reporting

tricolor auto pic for BHPH
Nick Zulovich, Editor
Reporting consumer performance to a credit bureau certainly can boost a buy-here, pay-here dealership’s offerings to its customer base. But when the process isn’t completed properly, the mistakes can catch the attention of federal regulators, which happened to Texas-based Tricolor ... [Read More]

FTC: 7 deadly ad sins some BHPH dealers commit

car lot 2
BHPH Report Staff
Operators now have a clear guide on how to avoid getting into trouble with the Federal Trade Commission. Cindy Liebes, director of the FTC’s Southeast region, shared what she deemed to be the “seven deadly advertising sins” buy-here, pay-here dealers ... [Read More]

Commercial Chapter 11 bankruptcies rise for 2nd straight month

bankruptcy
BHPH Report Staff
Although total commercial Chapter 11 filings moved higher for the second month in a row, the American Bankruptcy Institute didn’t waffle from maintaining its projection of what the overall consumer and business filing total should be for the year. According ... [Read More]

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