While bankruptcy filings soften again in July, experts caution that the trend could change later this year. According to data provided this week by Epiq Bankruptcy, bankruptcy filings totaled ... TO READ THE FULL STORY BECOME A MEMBER Login [Read More]

Attention buy-here, pay-here dealerships with related finance companies as well as lease-here, pay-here operators. If your book of business contains individuals who are actively serving in the military, a stern letter from the Department of Justice and the Consumer Financial ... [Read More]

National Lenders General Agency made its sixth significant move since March, as the company looks to provide innovative tech solutions for independent dealers and special finance companies. This week, National Lenders added to its offerings by rolling out cloud-based insurance ... [Read More]

XpressCredit, a fintech that focuses on the small independent auto dealer market, recently selected Lokyata’s BankAnalyze solution to help support contract decisioning for XpressCredit’s network of thousands of independent dealers nationwide. XpressCredit is designed to provide users with one point ... [Read More]

Overall bankruptcy filings dropped by double digits year-over-year at the halfway point of 2022. But experts said after looking deeper at two specific trends that these data points “tell a different story.” According to data provided by Epiq Bankruptcy Analytics, ... [Read More]

Subprime Analytics president Ken Shilson appeared again on the Auto Remarketing Podcast to discuss what he thinks is one of the most important operational challenges buy-here, pay-here dealers are going to face before the end of the year. It’s implementation ... [Read More]

The newest developments connected with DriveItAway have distinct Michigan connections. First, the provider subscription-to-purchase technology announced on Wednesday that it has launched its electric vehicle program with General Motors to offer the Chevrolet Bolt and Chevrolet Bolt EUV.  And the ... [Read More]

Signed into law in June 2009, the $3 billion Car Allowance Rebate System (CARS) law, commonly called “Cash for Clunkers,” by President Barack Obama had numerous, had many long-lasting, effects on the automotive retail industry. The similarities — and differences ... [Read More]

Dare Saul wanted to raise money for the NIADA Foundation. And the Arkansas operator wanted a highline model he could immediately list online, too. Saul accomplished both goals last week during the final day of the NIADA Convention at the ... [Read More]

Everything is bigger in Texas evidently, including the amount of top independent dealerships. Tommy Gregory, owner of Abilene Used Car Sales in Abilene, Texas, was named the 2022 National Quality Dealer of the Year by the National Independent Automobile Dealers ... [Read More]