CFPB files lawsuit against US Auto Sales servicer
Thursday, Aug. 3, 2023, 11:41 AM
BHPH Report Staff
U.S. Auto Sales closed its 31 dealerships in the Southeast in April, but the buy-here, pay-here operation is now facing a lawsuit in federal court brought by the Consumer Financial Protection Bureau (CFPB). On Wednesday, the CFPB filed a lawsuit ... [Read More]
Expert advice on handling the e-OSCAR 4.0 transition period
Tuesday, Jul. 25, 2023, 10:14 AM
BHPH Report Staff
A recent tip of the week from Ignite Consulting Partners involved one of the potentially complicated parts of the buy-here, pay-here business: handling matters when consumers raise concerns about their credit history. The recommendations originated from the recently launched e-OSCAR ... [Read More]
SVR Tracking unveils ‘no frills’ GPS tracking tailored for BHPH dealers
Tuesday, Jul. 18, 2023, 10:42 AM
BHPH Report Staff
Some operators consider their buy-here, pay-here dealerships to be “no-frills” businesses. That happens to be the moniker SVR Tracking gave its latest GPS tracking device. This week, the provider of asset management solutions for the automotive industry released SVR Repo, ... [Read More]
Bankruptcy filings rise 17% at 2023 midpoint
Tuesday, Jul. 18, 2023, 10:41 AM
BHPH Report Staff
Buy-here, pay-here dealers might be seeing vehicle shoppers fresh off a bankruptcy filing if they haven’t already. According to data provided by Epiq Bankruptcy, there were 217,420 total bankruptcy filings during the first six months of 2023, representing a 17% ... [Read More]
Byrider broadens footprint in Kentucky
Thursday, Jul. 13, 2023, 10:26 AM
BHPH Report Staff
One of Byrider’s franchisees started the second half of the year by expanding its footprint in Kentucky. Byrider announced this week that franchise ownership group Garber Ventures opened a location in Elizabethtown, Ky., representing Byrider’s seventh location in the Blue ... [Read More]
PODCAST: Tales from the BHPH trail with Gene Daughtry
Thursday, Jul. 13, 2023, 10:25 AM
BHPH Report Staff
Gene Daughtry’s travels take him from Texas to Connecticut and elsewhere, examining buy-here, pay-here dealership operations and offering recommendations to sharpen collections, reconditioning and other business segments. The senior consultant with AMS Consulting was in Las Vegas last month for ... [Read More]
PODCAST: Checkup on BHPH operator financial health with Agora Data’s Steve Burke
Tuesday, Jul. 11, 2023, 11:24 AM
BHPH Report Staff
For the second time this year, Cherokee Media Group’s Nick Zulovich had the opportunity for an in-person conversation with Agora Data’s Steve Burke on the Auto Remarketing Podcast. Connecting at NIADA’s annual convention in Las Vegas, Burke described how dealership ... [Read More]
BHPH dealers see challenges & opportunities in their numbers
Thursday, Jun. 29, 2023, 04:36 PM
Andrew Friedlander, Associate Editor
The buy-here, pay-here business is all about numbers — especially when times are tight. So with the economy wavering and uncertainty all around, a panel of successful BHPH dealers talked about numbers in a session at last week’s NIADA Convention ... [Read More]
4 key features of new NextGear Capital mobile app
Thursday, Jun. 15, 2023, 11:23 AM
BHPH Report Staff
For independent dealers who want to work with NextGear Capital, there’s now an app for that. The company announced on Thursday that it has developed a mobile app for its account portal with plans to unveil it at the National ... [Read More]
Alan Ram’s Proactive Training Solutions unveils program aimed at independent dealers
Thursday, Jun. 15, 2023, 11:15 AM
BHPH Report Staff
Alan Ram’s Proactive Training Solutions is poised to launch a newly updated sales training course tailored for independent dealers. Dubbed, “Accelerate U,” the firm highlighted the new program is designed to help dealers leverage all their leads and create proactive ... [Read More]