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

BHPH Report Staff

Advanced Lending & Portfolio Services (ALPS), a division of Westlake Financial Services, tried to make it a simple process for a buy-here, pay-here operator to cash in on his way to departing the space. Earlier this week, Westlake ALPS announced the acquisition of a $14.7 million bulk auto-loam portfolio, which... Read More

NIADA survey shows ‘unprecedented’ positivity

BHPH Report Staff

Cox Automotive’s Tom Webb said earlier this year that buy-here, pay-here dealers were in a “better position.” Then a few weeks later, Ken Shilson with the National Alliance of Buy-Here, Pay-Here Dealers highlighted how “bad news could be good news for BHPH.” More upbeat assessments arrived... Read More

BHPH Report Staff

For the second time this week, a development came to light out of New Jersey that might be relevant to buy-here, pay-here dealerships nationwide. After BHPH Report highlighted how the industry scored a major legislative victory in the Garden State involving the use of GPS and starter-interrupt devices, a case decided by... Read More

Spireon introduces refreshed GPS recovery tool

BHPH Report Staff

Spireon announced updates to Recovery Link — a feature of its one-step GoldStar GPS solutions vehicle recovery system for buy-here, pay-here dealers — which can allow them to automatically send recovery agents locator intelligence on the location of lapsed vehicles through text or email. GoldStar... Read More

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