BHPH Report Staff

The American Bankruptcy Institute projected how many filings there could be this year after learning the amount of cases reported through the first six months of 2017. According to data provided by Epiq Systems, ABI reported that total bankruptcy filings during the first six months of the year increased 0.21 percent to... Read More

BHPH Report Staff

The industry just moved past Fourth of July, but the National Alliance of Buy-Here, Pay-Here Dealers (NABD) is already looking toward late October when the organization hosts its next BHPH Conference. The 14th annual conference — which has the theme Opportunity Knocks – Best Ways to Respond — is set to... Read More

BHPH Report Staff

Ignite Consulting Partners is hosting a free webinar focused on one of the most complicated services buy-here, pay-here dealers sometimes offer their customers — reporting of payment activity to one of the credit bureaus. Richard Hudson, chief optimization officer at Ignite Consulting Partners, is scheduled to... Read More

Nick Zulovich, Senior Editor

The industry put up a valiant effort to prevent it from happening, but a new law in Nevada goes into effect on Saturday that greatly impacts how buy-here, pay-here dealerships and other auto finance companies that dive deep into the subprime pool can use GPS and starter interrupt devices. Along with not being able to... Read More

BHPH Report Staff

Jeff Baker came away from the auction at the recent National Independent Automobile Dealers Association Convention and Expo in Las Vegas as the owner of a beautiful truck. And what did he plan to do with it? “I haven't got a clue what I'm going to do with it,” he said. “I have no... Read More

BHPH Report Staff

It’s not news that independent and buy-here, pay-here dealers more often will complete vehicle deliveries with consumers with softer credit than their franchised store contemporaries. What is noteworthy is how Experian Automotive detailed the extra risk being facilitated through franchised dealerships to complete... Read More

May bankruptcy filings rise 5 percent

BHPH Report Staff

Thanks to “mounting financial pressures,” the American Bankruptcy Institute reported that total U.S. filings in May increased 5 percent year-over-year. According to data provided by Epiq Systems, bankruptcy filings totaled 69,668 in May, up from 66,138 cases registered in May of last year. The 66,096... Read More

NIADA Q2 survey shows dealer optimism wanes

BHPH Report Staff

As temperatures rise nationwide, independent dealership confidence is cooling a bit. Independent dealers backed off from their unprecedented high levels of optimism early in the year, but their outlook remains positive, according to the National Independent Automobile Dealers Association's Business Confidence Survey... Read More

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