Ignite experts react to FTC’s look at spot deliveries
Tuesday, Jun. 13, 2023, 11:00 AM
BHPH Report Staff
On the last day of May, the Federal Trade Commission acknowledged it received a petition to regulate spot deliveries by dealerships and auto finance companies. The experts at Ignite Consulting Partners offered their reaction to this effort championed by six ... [Read More]
May bankruptcy filings soar 23% higher year-over-year
Tuesday, Jun. 6, 2023, 10:56 AM
BHPH Report Staff
Bankruptcy filings continue to increase from the reduced volumes experienced during the three years of the COVID-19 pandemic. That’s the primary finding according to data provided by Epiq Bankruptcy, which said total bankruptcy filings in May spiked 23% year-over-year from ... [Read More]
NIADA adds Solera as new National Corporate Partner
Friday, Jun. 2, 2023, 11:51 AM
BHPH Report Staff
Solera closed May with a notable move, becoming a National Corporate Partner of the National Independent Automobile Dealers Association. “NIADA has been a vital advocate for independent used car dealers for several decades,” Solera senior director of inside sales Karen ... [Read More]
Kinetic Advantage rolls out monthly subscription service for independent dealers
Friday, Jun. 2, 2023, 11:50 AM
BHPH Report Staff
Many of us have subscriptions for streaming music and video. Now dealers can get one for floor planning, too. On Thursday, Kinetic Advantage announced the launch of a subscription service in an effort to save independent dealers time and money. ... [Read More]
NIADA wants industry to ‘accelerate’ during annual convention
Thursday, Jun. 1, 2023, 11:41 AM
Nick Zulovich, Senior Editor
The National Independent Automobile Dealers Association coined this year’s annual convention with the moniker, “Accelerate.” Troy Scheer, who is NIADA’s director of marketing and communications, explained why the association branded their largest event with this title during an episode of ... [Read More]
MEI Group appoints president of automotive & finance division
Thursday, May. 25, 2023, 11:47 AM
BHPH Report Staff
MEI Group, the Texas-based organization that includes Empire Indemnity Insurance Co., RRG and National Lenders General Agency, specializing in reinsurance products for dealerships and finance companies in the BHPH, LHPH and point of sale markets, appointed a new president. The ... [Read More]
Policygenius survey: 17% of drivers have dropped their car insurance
Thursday, May. 18, 2023, 10:22 AM
BHPH Report Staff
A situation all too familiar to buy-here, pay-here dealerships — their customers dropping their car insurance — appears to be intensifying. With inflation levels at 5% stretching family budgets, findings from the Policygenius Car Insurance Affordability Survey showed 40% of ... [Read More]
One View hires former Auto/Mate DMS exec as VP of sales
Tuesday, May. 16, 2023, 11:16 AM
BHPH Report Staff
One View, a leading provider of document management solutions for automotive dealerships, announced the appointment of Jeff Lippold as the company’s new vice president of sales. With more than 25 years of experience in the automotive industry, the company whose ... [Read More]
Ignite uses recent $24M enforcement action by CFPB to reiterate importance of handling credit disputes
Tuesday, May. 9, 2023, 11:27 AM
BHPH Report Staff
Ignite Consulting Partners recently reinforced its roster of compliance experts. The firm also relayed a tip of the week in connection with an enforcement action by the Consumer Financial Protection Bureau totaling more than $24 million to remedy alleged misdeeds ... [Read More]
2 notable trends from April bankruptcy report
Thursday, May. 4, 2023, 12:03 PM
BHPH Report Staff
Epiq Bankruptcy uncovered a pair of notable trends included in the April filing data the firm shared this week. Perhaps more relevant to buy-here, pay-here dealerships are trends Epiq spotted for the first time since April and May of 2019. ... [Read More]