Webb sees BHPH dealers ‘in better position’

Nick Zulovich, Senior Editor

Cox Automotive chief economist Tom Webb acknowledged the past few years probably constituted the most difficult span ever encountered by buy-here, pay-here dealers. Finance companies specializing in the subprime space took on contracts deeper down the credit spectrum, leaving operators wondering where their customers... Read More

5th J.D. Byrider store in Missouri opens

BHPH Report Staff

Buy-here, pay-here franchise chain J.D. Byrider recently opened its fifth location in Missouri; the second one in the Show-Me State to join the network so far this year. The new location is in Rolla at 2603 N. Bishop Ave. This store is the first J.D. Byrider store for local franchise owner Lawrence West. This... Read More

BHPH Report Staff

It appears the chances a potential customer coming to your buy-here, pay-here dealership having recently filed for bankruptcy are on the rise. The American Bankruptcy Institute reported total U.S. filings increased 5 percent year-over-year in January, creating a trend not seen since the New Orleans Saints won the Super... Read More

REPAY acquires Sigma Payment Solutions

BHPH Report Staff

In a move executives say will benefit buy-here, pay-here dealerships and other participants in the auto finance space, Realtime Electronic Payments (REPAY), a full-service provider of advanced payment technology products and electronic transaction processing services for the consumer lending industry, has acquired Sigma... Read More

BHPH Report Staff

In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Susan Perlmutter, chief revenue officer at Sigma Payment Solutions. BHPH Report:... Read More

4 questions with DealerSocket’s Peter Ord

BHPH Report Staff

In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Peter Ord, national sales director at DealerSocket. BHPH Report: How much more... Read More

3 best practices for floor plan management

BHPH Report Staff

Whether or not you already have all the inventory you need for tax season, NextGear Capital offered a trio of best practices for floor plan management; applicable to when your buy-here, pay-here operation is looking to move metal fueled by IRS refunds or campaigns later in the year. “Once a dealer is cleared to... Read More

4 questions with Russ Algood of Ace Motor Acceptance

BHPH Report Staff

In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Russ Algood, chief executive officer of Ace Motor Acceptance Corp. BHPH Report:... Read More

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