Ken Shilson, Subprime Analytics

At the end of 2013 after reviewing Experian Automotive data, I wrote that losses for special finance companies in the subprime auto finance industry were trending upward sharply. I attributed these higher losses to overly aggressive underwriting “silly loans” caused by putting “too much vehicle in the... Read More

BHPH Report Staff

Buy-here, payhere dealership software provider AutoStar Solutions recently acquired 50 percent interest in SecureClose, a designer of innovative compliance technology. Together, the two companies are finalizing plans to provide a new tool that automates the contract closing process for dealers.AutoStar Solutions... Read More

BHPH Report Staff

Two buy-here, pay-here operators who say they have more than 80 years of experience ended up in serious trouble with the Federal Trade Commission. Earlier this month, the FTC charged Arkansas dealer, Abernathy Motor Co., and its two principals, Wesley Abernathy and David Abernathy, with failing to display federally... Read More

Nick Zulovich, Editor

Braeger Auto Finance Group chief executive officer David Braeger wanted to solve a problem buy-here, pay-here dealers encounter when they go to traditional banking outlets looking for an increase in funds to expand their portfolios.More money can mean the chance to turn more vehicles and get more paying customers on the... Read More

BHPH Report Staff

Inilex, a provider of intelligent telemetry solutions for vehicles, is continuing to expand its executive team with the addition of Brad Walls as the company’s vice president of corporate and business development. The company highlighted Walls brings a demonstrated track record in new business innovation, service,... Read More

BHPH Report Staff

Subprime Analytics, which provides computerized portfolio metrics analysis of subprime auto finance installment portfolios, announced that it has completed the integration with a pair of dealer management software providers: Auto Master Systems (AMS) and FEX DMS. Subprime Analytics founder and president Ken Shilson... Read More

Daughtry: Ways To Survive A BHPH Downturn

Gene Daughtry, PLS Financial

It has happened again. Special finance has risen from the ashes and put the franchised car dealers back in the bad credit business. How many times have we seen this? I know at least four times for me personally. The special finance lenders get capital and start writing some lower beacon customers on “newer”... Read More

Chip Wiley, Tax Refund Services

The peak of tax season is over. W-2 forms have been handed out to employees, and the tax refund money is long gone in most cases. If your business was ready for tax season, the annual opportunity was once again available to cash in. Tens of thousands of cars were moved from October to January in anticipation of the... Read More

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