2 ways tighter credit helped Car-Mart

2 ways tighter credit helped Car-Mart BENTONVILLE, Ark. — Along with elaborating a bit about his upcoming retirement, America’s Car-Mart chief executive officer William “Hank” Henderson described how underwriting tightening in other areas of the auto-finance market is benefitting the...

Continue reading →

What is BHPH?

What is BHPH? Buy Here Pay Here (BHPH) refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. BHPH can provide...

Continue reading →

3 tips for credit reporting during natural disasters

FORT WORTH, Texas -  As reports continue to arrive stemming from the damage caused by Hurricane Harvey in Texas and elsewhere along the Gulf Coast, Ignite Consulting Partners gave buy-here, pay-here dealers and other auto finance providers three reminders associated with...

Continue reading →

New Regulations in NJ & NV

Recently, New Jersey and Nevada both passed legislation regulating GPS and starter-interrupt devices.  In both states, the laws go into effect July 1, 2017. PassTime, along with its industry partners TSPA and NIADA, were heavily involved in lobbying against the...

Continue reading →

Financing Extended to Subprime Car Buyers Declines to Record Lows in Q3

Experian: Financing Extended to Subprime Car Buyers Declines to Record Lows in Q3 Auto financing extended to subprime and deep-subprime car buyers fell 4.5% from a year ago, as the auto finance industry continued to squash fears of a...

Continue reading →

Group 1 names new director

Group 1 names new director HOUSTON — On Thursday, Group 1 Automotive announced the appointment of Charles Szews to its board of directors. Szews joins eight other directors on the company’s newly expanded board. "Charlie brings strong leadership, experience managing global businesses,...

Continue reading →

Major Developments Make NABD Orlando a Must Attend

Major Developments Make NABD Orlando a Must Attend By Nick Zulovich Senior Editor HOUSTON -  It was just a little more than four months ago that the National Alliance of Buy-Here, Pay-Here Dealers hosted its annual convention in Las Vegas. However, Ken Shilson...

Continue reading →

Companies may challenge CFPB after court ruling

Companies might challenge CFPB after court ruling CARY, N.C. — More industry reaction percolated stemming from Tuesday’s decision by the U.S. Court of Appeals for the District of Columbia Circuit involving the Consumer Financial Protection Bureau, which on the same...

Continue reading →

NABD Discounts Expiring

Discounts set to expire for NABD's fall conference - Auto Remarketing http://news.google.com Thu, 06 Oct 2016 19:38:30 GMT Auto RemarketingDiscounts set to expire for NABD's fall conferenceAuto RemarketingBuy-here, pay-here operators who need recommendations on improving deal jacket compliance,...

Continue reading →

CFPB orders Colo. BHPH dealer to pay $700K in restitution

WASHINGTON, D.C. — For the second time in two months, the Consumer Financial Protection Bureau took out an enforcement action in the buy-here, pay-here industry. On Thursday, the enforcement came against Herbies Auto Sales, an operator in Greeley, Colo.,...

Continue reading →