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...

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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...

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J.D. Power’s latest dealer study

J.D. Power’s latest dealer study underscores importance of underwriting department COSTA MESA, Calif. — Answering questions such as "What's needed to complete this customer's financing?" appears to be the main theme of which finance companies scored well in the J.D....

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AutoGravity enters NJ, its 49th state

AutoGravity enters NJ, its 49th state IRVINE, Calif. — AutoGravity announced on Thursday that it has introduced its car financing mobile app to New Jersey, making it the 49th state in which the company currently operates. The AutoGravity app is available...

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Ford Recalls More Than 200,000 Vehicles

Ford Recalls More Than 200,000 Vehicles Ford Motor Co. is recalling 208,584 2014 Escape; 2014-15 Fiesta ST; 2013-14 Fusion and 2013-15 Transit Connect vehicles equipped with 1.6L GTDI engines. Financial Solutions

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Consumers on “trade-in treadmill”

Moody’s sees consumers on ‘trade-in treadmill’ NEW YORK — In a new report released on Monday, Moody’s Investors Service explained what likely might be happening in the war rooms at auto finance companies nowadays. Financing providers are increasingly faced with the...

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Appeals court grants rehearing, vacates decision that questioned CFPB’s constitutionality

Appeals court grants rehearing, vacates decision that questioned CFPB’s constitutionality WASHINGTON, D.C. — As reported by other media outlets as well as the American Financial Services Association and Hudson Cook, the U.S. Court of Appeals for the District of Columbia...

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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...

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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,...

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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...

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