November bankruptcies climb year-over-year

BHPH Report Staff

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

BHPH Report Staff

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

BHPH Report Staff

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

John Donaldson and Ken Shilson

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

BHPH Report Staff

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

BHPH Report Staff

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

Nick Zulovich, Senior Editor

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

Nick Zulovich, Senior Editor

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

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