November bankruptcies climb year-over-year
Thursday, December 7, 2017 - 11:42am
Thursday, December 7, 2017 - 11:42am
The potential pool of customers who just filed for bankruptcy and could be turning to buy-here, pay-here dealers to secure transportation ticked up again in November. According to data provided by Epiq Systems, the American Bankruptcy Institute indicated consumer bankruptcies increased slightly in November as the 57,302... Read More
J.D. Byrider honors top franchises
Tuesday, December 5, 2017 - 10:58am
Tuesday, December 5, 2017 - 10:58am
J.D. Byrider recently celebrated with the buy-here, pay-here corporation’s 54 owners at the company’s annual convention in Hollywood, Fla. At the event, three Midwestern dealers won top honors as a part of J.D. Byrider’s annual award program. The Franchise of the Year winners were chosen in three... Read More
Ituran USA and Auto Master integrate software to streamline collections and more
Tuesday, November 28, 2017 - 11:22am
Tuesday, November 28, 2017 - 11:22am
Buy-here, pay-here operators who use products from Ituran USA and Auto Master Systems now can benefit from these two systems working together. The GPS solution provider and dealership management system (DMS) recently finalized integration. The companies highlighted that all Auto Master clients using Ituran GPS devices... Read More
Will cash method soon be a choice for BHPH dealerships?
Tuesday, November 21, 2017 - 11:41am
Tuesday, November 21, 2017 - 11:41am
So you have heard over the years that independent dealers cannot use the cash method of accounting and must use the accrual method, which is correct. You have been told about the benefits of a related finance company and how having one can mitigate much of the tax due to the revenue recognition under the accrual method... Read More
October bankruptcy filings move higher
Tuesday, November 7, 2017 - 10:50am
Tuesday, November 7, 2017 - 10:50am
Despite what experts see as an obstacle to filing, the American Bankruptcy Institute (ABI) noticed that the total amount of consumers and businesses seeking this legal financial shelter rose in October both sequentially and year-over-year. According to data provided by Epiq Systems, ABI reported that total U.S.... Read More
First-time attendees rave about NABD’s fall event
Thursday, November 2, 2017 - 10:26am
Thursday, November 2, 2017 - 10:26am
Ken Shilson, president of the National Alliance of Buy-Here, Pay-Here Dealers, reported that more than 50 percent of the surveyed attendees who came to the recent Fall BHPH Conference had never been to an NABD event previously. Evidently, those operators left Orlando, Fla., as quite satisfied... Read More
Cordray makes final plea to Trump about arbitration rule
Tuesday, October 31, 2017 - 11:27am
Tuesday, October 31, 2017 - 11:27am
To use sports analogies, the letter might be a Hail Mary on the last play of a football game or swinging for the fences with two outs in the bottom of the ninth inning of a baseball game. On Monday, Consumer Financial Protection Bureau director Richard Cordray penned a one-page, five-paragraph letter to President Trump,... Read More
From the editor: More CFPB noise and dealer victories
Thursday, October 26, 2017 - 12:52pm
Thursday, October 26, 2017 - 12:52pm
Twice now in roughly the past month, the Consumer Financial Protection Bureau largely became the conversation topic when a collection of dealers gathered, and raucous sounds filled a hotel venue. In September, a fire alarm triggered a brief evacuation as a CFPB representative was in the midst of a segment during the... Read More