Tuesday, December 11, 2018 - 12:20pm

BHPH Report Staff

Advance Auto Parts recently finished an update of its online resources in an effort to help independent dealerships and buy-here, pay-here stores that have their own service drive or complete some reconditioning themselves. Advance Auto Parts completed the nationwide rollout of its MyAdvance website, an interactive,... Read More

Thursday, December 6, 2018 - 11:10am

BHPH Report Staff

While certain commercial filings spiked, the American Bankruptcy Institute reported that consumer cases ticked lower in November. According to data provided by Epiq Systems, total U.S. bankruptcy filings in November generated a 2-percent decrease year-over-year with the figure coming in at 58,887 cases. The November... Read More

Tuesday, November 27, 2018 - 10:32am

BHPH Report Staff

Dealerships are leveraging NextGear Capital for more than just inventory they want running down the auction lanes. The Cox Automotive company recently highlighted that it has financed more than $1 billion through the first three quarters of the year for non-auction purchases via its funding feature, Rapid... Read More

Tuesday, November 20, 2018 - 11:42am

BHPH Report Staff

A company with its roots in the buy-here, pay-here space is continuing to expand an artificial intelligence-powered financial services platform serving Hispanic consumers. Tricolor recently announced an exclusive agreement with Phenx Machine Learning Technologies. In early testing, Tricolor’s newly AI-enabled... Read More

Thursday, November 8, 2018 - 12:31pm

BHPH Report Staff

For the 2017 National Independent Automobile Dealers Association Quality Dealer of the Year, having a way to accept cash safely for payments on retail installment contracts is crucial to operating its store efficiently and safety. And now a tool that can help buy-here, pay-here dealerships of all sizes has been... Read More

Thursday, November 8, 2018 - 12:28pm

BHPH Report Staff

This week, Equifax and the National Independent Automobile Dealers Association shared noteworthy results from their Q3 Auto Business Outlook, which stems from operators participating in a quarterly survey. Equifax and NIADA highlighted that three general themes surfaced from the latest edition. Those elements... Read More

Tuesday, November 6, 2018 - 12:03pm

BHPH Report Staff

The fourth quarter began with an uptick in bankruptcy filings; perhaps providing a potential lift of buy-here, pay-here dealership customers as store operators head toward the early portion of tax season. The American Bankruptcy Institute (ABI) indicated that consumer filings in October rose 5 percent. According to data... Read More

Tuesday, November 6, 2018 - 12:01pm

BHPH Report Staff

It’s already been a November to remember for Ignite Consulting Partners. First, the auto-finance compliance firm that caters to buy-here, pay-here dealerships of all sizes, announced that Steve Levine and Richard Hudson have expanded their roles as managing partners as co-founder Allen Dobbins will be stepping... Read More