Q1 bankruptcies jump 14%
Thursday, Apr. 4, 2024, 11:37 AM
BHPH Report Staff
Pretty much any way you want to examine the data, new bankruptcy filings are increasing. According to data provided this week by Epiq Bankruptcy, the 120,094 total bankruptcy filings registered during the first quarter represented a 14% increase from the ... [Read More]
COMMENTARY: BHPH dealers need to continue adapting as auto industry returns to normalcy
Thursday, Mar. 28, 2024, 11:50 AM
Louis Ochoa, Xperisource
Chaos. I can’t think of a better word to describe what occurred in the automotive industry between 2020-2023. From increased costs and severe inventory shortages as unfortunate consequences of COVID, to finding ourselves in a historically high inflationary period with ... [Read More]
BlytzPay & PassTime partner to provide payment solution for BHPH dealers
Monday, Mar. 25, 2024, 10:59 PM
BHPH Report Staff
BlytzPay and PassTime said they’re responding to the changing risk management and technical landscapes faced by buy-here, pay-here dealerships. Their action is a strategic partnership to provide operators with advanced tools for effective cash flow and revenue management. The partnership ... [Read More]
Buckeye hires ‘icon’ as new national sales manager
Thursday, Mar. 21, 2024, 11:08 AM
BHPH Report Staff
Buckeye Dealership Consulting welcomed “an icon” to its team on Thursday. The provider of reinsurable products for automobile dealers and finance companies announced that it has hired Bill Elizondo as its new national sales manager with a specific focus on ... [Read More]
IRS: Average refund 5.8% higher than last year
Tuesday, Mar. 19, 2024, 10:10 AM
BHPH Report Staff
How’s tax season going at your buy-here, pay-here operation? According to the latest update from the Internal Revenue Service, consumers are getting an average refund amount that’s 5.8% higher than last year. The IRS reported that through March 8, the ... [Read More]
LegalShield sees bankruptcy rise continuing for at least 6 more months
Thursday, Mar. 14, 2024, 10:15 AM
BHPH Report Staff
LegalShield likely wasn’t surprised when bankruptcy filings increased year-over-year for the 19th consecutive month in February. That’s because the platform provider for legal, identity, and reputation management services said its January Consumer Stress Legal Index (CSLI) showed a nearly four-year ... [Read More]
Bankruptcies rise year-over-year for 19th straight month
Tuesday, Mar. 12, 2024, 12:04 PM
BHPH Report Staff
One of the steadiest economic trends currently out there is the rise in bankruptcy filings. Epiq Bankruptcy reported total filings came in at 39,014 in February, representing a 22% year-over-year rise. Experts said February also marked 19 consecutive months that ... [Read More]
PODCAST: Buckeye’s Shaun Petersen dives into the CARS Rule, elections and more
Thursday, Mar. 7, 2024, 11:26 AM
BHPH Report Staff
The FTC’s proposed CARS Rule is currently in legal limbo. So what are the likely arguments and the possible outcomes? And what should dealers be doing to prepare in the meantime? On this episode of the Auto Remarketing Podcast, Buckeye ... [Read More]
12 components of Ignite’s dealer compliance certification program
Tuesday, Mar. 5, 2024, 10:27 AM
BHPH Report Staff
Without a functioning ignition system, a car’s engine likely won’t start and run properly. Well, without IGNITION — the new dealer compliance certification program recently unveiled by Ignite Consulting Partners — the firm’s experts think that a store or dealership ... [Read More]
PODCAST: What’s happening in BHPH with Mike Onda of Byrider Franchising
Tuesday, Feb. 27, 2024, 09:58 AM
BHPH Report Staff
The buy-here, pay-here industry was also represented at NADA Show 2024 in Las Vegas. And for this episode of the Auto Remarketing Podcast, Byrider Franchising CEO Mike Onda spent some time with Cherokee Media Group’s Nick Zulovich to discuss what’s ... [Read More]