PODCAST: Getting on the right path to meet demands of FTC Safeguards Rule
Thursday, May. 26, 2022, 01:50 PM
BHPH Report Staff
ComplyNet president and general counsel Adam Crowell returned for another appearance on the Auto Remarketing Podcast; this time with the topic being the Safeguards Rule enhanced by the Federal Trade Commission. Dealerships have until December to get its compliance in ... [Read More]
12 finalists in running for NIADA’s 2022 National Quality Dealer Award
Tuesday, May. 17, 2022, 01:25 PM
BHPH Report Staff
A dozen operators are in the running for the National Independent Automobile Dealers Association’s highest honor for its member dealers. On Monday, NIADA announced the finalists for the 2022 National Quality Dealer Award. The 12 finalists have all been selected ... [Read More]
National Lenders rolls out aggressive CPI program
Thursday, May. 12, 2022, 03:01 PM
BHPH Report Staff
With an executive team in place as well as a relationship with the National Independent Automobile Dealers Association cultivated, National Lenders General Agency announced a new product offering this week. The firm specializing in reinsurance products for dealerships and finance ... [Read More]
Bankruptcy filings drop 21% in April
Thursday, May. 12, 2022, 02:49 PM
BHPH Report Staff
The drop in bankruptcy filings during April did not surprise industry experts. According to data provided by Epiq Bankruptcy, total U.S. filings last month decreased 21% from the previous year. TO READ THE FULL STORY BECOME A MEMBER Login [Read More]
Agora Data highlights latest crowdsourced securitization
Tuesday, May. 10, 2022, 02:46 PM
BHPH Report Staff
It appears Agora Data might be doing more than just creating a “level playing field” for dealerships and finance companies, but also providing a place for financial victories, too. On Monday, the auto fintech firm announced the closing of ACAST ... [Read More]
Kinetic Advantage promotes 2 current execs to SVP roles
Tuesday, May. 10, 2022, 02:44 PM
BHPH Report Staff
Kinetic Advantage promoted two of its executives to be senior vice presidents in moves that became effective on May 1. The floor plan provider announced this week that Will Chandler was given the role of senior vice president of sales ... [Read More]
Ignite compiles 8-point repossession compliance checklist
Thursday, May. 5, 2022, 03:45 PM
BHPH Report Staff
Ignite Consulting Partners offers a compliance tip each week for dealerships. This week’s installment delves into a business segment buy-here, pay-here operators often face — repossessions — recapping a $98 million settlement as being possible when regulations aren’t followed exactly. ... [Read More]
Details of Tricolor’s social bond fueled by auto paper
Tuesday, May. 3, 2022, 03:03 PM
BHPH Report Staff
Tricolor is more than just retailing vehicles in the Hispanic market nowadays. Last week, Tricolor announced a $212 million social bond — what the company claims is the first ever in the United States collateralized by consumer auto asset backed ... [Read More]
Newest ABCoA tool built specifically for BHPH
Thursday, Apr. 28, 2022, 04:01 PM
BHPH Report Staff
Advanced Business Computers of America (ABCoA) recently rolled out its latest software solution for dealerships and subprime auto finance companies. ABCoA added a proprietary funding portal to its ecosystem within cyclCRM, a customer relationship management solution built specifically for the ... [Read More]
Buckeye adds seasoned insurance exec to sales team
Thursday, Apr. 28, 2022, 03:59 PM
BHPH Report Staff
Buckeye Dealership Consulting welcomed its newest teammate this week. The provider of reinsurance services, education and consulting, and performance groups for independent dealers named Stephen Carter as a new sales representative. Buckeye said through a news release that Carter will ... [Read More]