Nov
20
2020
Group 1 Announces DividendGroup 1 Automotive, an international Fortune 500 automotive retailer, declared a cash dividend of $0.30 per share for the third quarter of 2020. Copart Reports Revenue, Profit BoostCopart Inc’s Q3 financial results showed an increase in...
Aug
16
2018
Alternative sourcing redefining inventory planning for car dealers
CARY, N.C. — The numbers foretell how dramatic inventory planning must change if dealers want to keep their used-car lots filled.
Decreasing new-car sales, declining lease originations and consumers keeping vehicles longer are...
Sep
01
2017
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...
Aug
30
2017
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...
Aug
29
2017
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...
Aug
15
2017
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....
Jun
29
2017
Used-car sales likely to reach 3.2 million in June
CARY, N.C. — Used-car sales this month could trend down a bit from May, but they should maintain the same annualized rate, according to Edmunds.
The company released its monthly industry sales...
Jun
27
2017
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...
Jun
01
2017
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...
Apr
07
2017
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.
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