NABD’s Shilson discusses succession plan

BHPH Report Staff

Ken Shilson and the National Alliance of Buy-Here, Pay-Here Dealers have been included in the same breath for decades. In a letter to NABD members obtained by BHPH Report on Monday, Shilson acknowledged that change is coming. Ahead of NABD’s 19th annual National Conference, Shilson shared an update on how the... Read More

Nick Zulovich, Senior Editor

Thanks to more data and information from NCM Associates, the National Independent Automobile Dealers Association and Subprime Analytics, Ken Shilson has more evidence showing the performance of the lease-here, pay-here model that more operators are leveraging as a way to augment their traditional retail installment... Read More

BHPH Report Staff

As part of its continued commitment to the needs of buy-here, pay-here dealers, short-term lenders and the alternative financial services industry, FactorTrust recently announced a tool called FlexFormat; what the company contends is the first industry standard in reporting short-term loan data for products focused on... Read More

Reviewing 2017 tax season

Nick Zulovich, Senior Editor

With the deadline to file federal income tax forms passing on April 18, Cox Automotive chief economist Tom Webb reflected back on what’s known as tax season but likely isn’t the resounding retail period for buy-here, pay-here dealers it once was. Perhaps impacting this year’s season most was the change... Read More

Top 3 bankruptcy trends from past 2 quarters

BHPH Report Staff

Three noteworthy trends associated with bankruptcies surfaced during the past two quarters. The American Bankruptcy Institute (ABI) reported that total U.S. filings fell slightly during the first quarter but ticked higher in March compared to the same month a year ago. And the Federal Reserve Bank of New York... Read More

BHPH benchmark sneak peek: income insights

BHPH Report Staff

In another preview of the annual industry benchmarks compiled by the National Alliance of Buy-Here, Pay-Here Dealers, Ken Shilson touched on three more highlights from the “most comprehensive report we have ever published on subprime auto finance,” covering activity through the end of 2016 as well as... Read More

NADA Values now integrated into Wayne Reaves DMS

BHPH Report Staff

Wayne Reaves, one of the leading providers of dealer management software to independent dealers since 1987, will soon enhance its flagship product with NADA Values from J.D. Power Valuation Services. According to Jason Reaves, president of Wayne Reaves, “Our integration of used-vehicle values from J.D. Power... Read More

Nick Zulovich, Senior Editor

When compiling the 19th version of the buy-here, pay-here industry benchmarks, Ken Shilson noticed a metric climb to a level never seen previously — the allowance for bad debts. On one hand, the president of Subprime Analytics and the National Alliance of Buy-Here, Pay-Here Dealers acknowledged the figure could be... Read More

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