Tuesday, November 6, 2018 - 12:03pm

BHPH Report Staff

The fourth quarter began with an uptick in bankruptcy filings; perhaps providing a potential lift of buy-here, pay-here dealership customers as store operators head toward the early portion of tax season. The American Bankruptcy Institute (ABI) indicated that consumer filings in October rose 5 percent. According to data... Read More

Tuesday, November 6, 2018 - 12:01pm

BHPH Report Staff

It’s already been a November to remember for Ignite Consulting Partners. First, the auto-finance compliance firm that caters to buy-here, pay-here dealerships of all sizes, announced that Steve Levine and Richard Hudson have expanded their roles as managing partners as co-founder Allen Dobbins will be stepping... Read More

Thursday, November 1, 2018 - 10:54am

BHPH Report Staff

The Insurance Research Council (IRC) might have uncovered another market challenge for buy-here, pay-here operators who sell vehicles in Louisiana, which already ranks near the top for deliquencies. According to a new study from the IRC, Louisiana ranks No. 1 on a list of least affordable states for auto insurance.... Read More

Tuesday, October 30, 2018 - 11:03am

BHPH Report Staff

The volume of consumers without a bank account is now at an all-time low. For the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results of the 2017 biennial National Survey of Unbanked and Underbanked Households released by the Federal Deposit Insurance... Read More

Tuesday, October 30, 2018 - 10:55am

BHPH Report Staff

An announcement from the Credit Union National Association (CUNA) detailed how buy-here, pay-here dealers in two states might see more competition from a specific credit union. The organization indicated the Community Development Financial Institutions (CDFI) Fund orchestrated by the U.S. Department of the Treasury... Read More

Tuesday, October 23, 2018 - 11:34am

BHPH Report Staff

Buy-here, pay-here dealers and finance companies that use GPS solutions from PassTime now have access to a new gateway to leverage the company’s platform and tools. PassTime recently launched what’s being dubbed the InTouch Summit, an all-new device management portal for its InTouch product line. InTouch is... Read More

Tuesday, October 16, 2018 - 9:51am

Jim Holman, Strategic Automotive Consulting

For the last couple of years, the buzz word of the automobile industry has been “disruption.” Granted, our industry may not have the exclusive on disruption, but it has most definitely been disrupted. They say, that is the proverbial “they,” that the root cause of all this disruption is... Read More

Tuesday, October 9, 2018 - 12:34pm

BHPH Report Staff

America’s Car-Mart expanded its buy-here, pay-here store footprint this week. The chain announced the opening of two new dealerships located in Montgomery, Ala., and Bixby, Okla. The expansion brings the company’s dealership count to 143 with four new dealership openings occurring during its 2019 fiscal... Read More