BHPH Report Staff

J.D. Byrider is facing a lawsuit from the Massachusetts attorney general filled with allegations about its business practices and the quality of its vehicles. Attorney General Maura Healey has sued J.D. Byrider, which has four buy-here, pay-here franchises in Massachusetts, for allegedly using predatory practices... Read More

BHPH Report Staff

This week, Rep. Roger Williams was been selected by the National Independent Automobile Dealers Association as the winner of the first NIADA Legislator of the Year award. The award will be presented annually to recognize a member of Congress for dedicated service to the automobile industry. The inaugural award was... Read More

BHPH Report Staff

Of the 21 different training sessions the National Alliance of Buy-Here, Pay-Here Dealers (NABD) is organizing for its next conference, there are a trio of segments that might be most beneficial to operators looking to build a larger and stronger portfolio of paying customers. Along with conference keynote speaker Steve... Read More

BHPH Report Staff

As summer has gone along, bankruptcy filings are on the rise. The American Bankruptcy Institute highlighted a double-digit sequential rise in total filings during August as compared to the previous month. According to data provided by Epiq Systems, total U.S. filings came in at 68,117 in August, up 11 percent from the... Read More

10 elements that will factor in your BHPH rebound

Ken Shilson, NABD

The past 24-month period has seen the highest level of subprime and deep subprime competition in history. Fueled by “cheap money” raised with Wall Street syndicated auto bond securitizations, the subprime auto finance market has grown to an estimated $200 billion. Auto finance receivables, for both new and... Read More

Actions to define the right risks and rewards

Greg Shelton and Maria Singson, Contributors

Our series continues now that we’ve identified “eight risk questions that might keep you up at night,” as well as how can we better identify risk as a buy-here, pay-here dealership. An important aspect of lending is not only which accounts to watch but how to monitor them and develop a well-defined... Read More

BHPH Report Staff

As reports continue to arrive stemming from the damage caused by Hurricane Harvey in Texas and elsewhere along the Gulf Coast, Ignite Consulting Partners gave buy-here, pay-here dealers and other auto finance providers three reminders associated with credit reporting for consumers residing in locations declared as disaster... Read More

2 ways tighter credit helped Car-Mart

Nick Zulovich, Senior Editor

Along with elaborating a bit about his upcoming retirement, America’s Car-Mart chief executive officer William “Hank” Henderson described how underwriting tightening in other areas of the auto-finance market is benefitting the chain of buy-here, pay-here dealerships. The market change is improving not... Read More