Context around Top 10 locations with highest unemployment
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3 Areas to Help BHPH Operators Ease the Pain Of IRS Audits
Thursday, Aug. 21, 2014, 06:40 PM
Nick Zulovich, Editor
It’s one of the most stress creating notices anyone can receive. The Internal Revenue Service wants to conduct an audit. And for buy-here, pay-here operators, the complexities of explaining how their businesses function to a federal regulator who might not ... [Read More]
8 Tips to Help BHPH Dealers Stay Off CFPB Radar
Monday, Aug. 18, 2014, 06:33 PM
BHPH Report Staff
Rick Hackett shared eight specific steps buy-here, pay-here dealers can take to stay off of the radar of government regulators. Hackett acknowledged no surefire way exists for operators to protect themselves completely from a regulator who can decide what a ... [Read More]
Go Auto Exchange Adds 4th Location
Wednesday, Aug. 6, 2014, 04:56 PM
BHPH Report Staff
Go Auto Exchange — the joint auction venture between Manheim and DriveTime — is revving up its expansion plans with its fourth location set to open this week. Officials indicated the new location featuring inventory tailored for buy-here, pay-here dealerships is ... [Read More]
BHPH Report Launches New Free Training Webinars
Tuesday, Aug. 5, 2014, 07:51 PM
BHPH Report Staff
Along with the move to begin printing the magazine, BHPH Report is also rolling out free online training for buy-here, pay-here dealers. The first installment in the publication’s Buy-Here, Pay-Here Webinar Series is set to include experts from FEX DMS, ... [Read More]
BHPH Report To Publish Print Edition Beginning In September
Thursday, Jul. 31, 2014, 05:45 PM
BHPH Report Staff
The early success of BHPH Report is prompting Cherokee Media Group to begin offering a print version of the new magazine dedicated to providing news and information about the buy-here, pay-here industry. Launched in January as a collaboration between SubPrime ... [Read More]
Daughtry: Step-By-Step Guide To Adding More Lots
Thursday, Jul. 31, 2014, 04:14 PM
Gene Daughtry, PLS Financial
I bet when you first got into buy-here, pay-here and worked to grow your portfolio, you were watching every dollar and paying close attention to details. How many of us learned more from trial and error than other sources available, ... [Read More]
DriveTime Sharpens Strategy, Rises To Top Of Customer Service Ratings By BBB
Thursday, Jul. 31, 2014, 02:52 PM
Nick Zulovich, Editor
DriveTime Automotive Group contends customer service always has been a hallmark of its business practices, especially since buy-here, pay-here can create such an intimate relationship between a dealer and a purchaser. Now, the Better Business Bureau agrees with DriveTime’s assertions. ... [Read More]
Long: Is Special Finance Taking Your Customers?
Thursday, Jul. 31, 2014, 02:39 PM
Denny Long, Credit Mail Experts
Oh, how the times have changed — especially for the buy-here, pay-here dealer. To compete in this new market, you need to change your methods of marketing and your processes to attract new customers to your dealership. One of the ... [Read More]
PayNearMe Dispels Myths About Underbanked Consumers
Thursday, Jul. 31, 2014, 02:35 PM
Nick Zulovich, Editor
Kunal Kumar makes scores of presentations during large industry conferences as well as during small-group sessions with clients in his role as vice president and general manager of lending and insurance at PayNearMe, an electronic cash-transaction network that enables consumers ... [Read More]
Bankruptcy Filings Fall 12 Percent for First Half of 2014
Thursday, Jul. 31, 2014, 02:13 PM
BHPH Report Staff
The American Bankruptcy Institute reported that total filings during the first six months of 2014 came in 12-percent below the figure registered at the halfway point of last year. According to data provided by Epiq Systems, total bankruptcy filings nationwide ... [Read More]