DriveTime selects new CEO

BHPH Report Staff

DriveTime chose a leader with plenty of experience in the franchised dealer group world to be its new chief executive officer. According to an announcement distributed on Monday, Don Reese will join DriveTime as its new CEO beginning in late March. Reese will also be appointed to the DriveTime Automotive Group and... Read More

Nick Zulovich, Senior Editor

When the National Independent Automobile Dealers Association (NIADA) finalized its acquisition of the National Alliance of Buy-Here, Pay-Here Dealers (NABD) this past December, the last thing Ken Shilson wanted to do was just power down his computer and never look spreadsheets or other financial documents and... Read More

3 advantages of automated billing within BHPH

Thomas Aronica, SkyBank Financial and Biller Genie

There is, perhaps, no better illustration of the “with great risk, comes great reward” concept than buy-here, pay-here. However, the advent of automated billing systems has decreased the risks associated with this market while improving cash flow and profits for these dealerships. In short, these systems... Read More

8 features of DriveTime’s refurbished mobile site

BHPH Report Staff

With more consumers shopping for their next car using their mobile devices, DriveTime wanted to upgrade its offerings in an effort to capture those potential sales. On Tuesday, DriveTime announced the launch of a new mobile site with innovations designed to extend to both the customer experience and the technology... Read More

BHPH Report Staff

Independent dealers went into 2018 with an upbeat mood. Why? The economic and retail sales growth expectations of independent dealers have improved substantially, according to the National Independent Automobile Dealers Association’s business confidence survey for the fourth quarter of 2017. The survey of NIADA... Read More

Car-Mart expands in Kentucky

BHPH Report Staff

This week, America’s Car-Mart expanded its network of buy-here, pay-here dealerships. The company opened its second store in Bowling Green, Ky. The location raises Car-Mart’s footprint in the Bluegrass State to 12 dealerships. Car-Mart indicated this new Bowling Green dealership will be managed by Jesse... Read More

BHPH Report Staff

The National Independent Automobile Dealers Association reminded operators about an important change from the Federal Trade Commission that went in effect this past Sunday. NIADA said dealers now are required to display the new version of the federally mandated buyers guide form on all used vehicles displayed for sale... Read More

BHPH Report Staff

The American Bankruptcy Institute looked over the numbers and found that total filings for 2017 dipped 1 percent compared to the previous year, extending a streak of consecutive year-over-year declines that stretches back to 2009. According to data provided by Epiq Systems, total bankruptcy filings decreased slightly to... Read More