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 →

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 →

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 →

Wells Fargo Orginations Down 2%

Wells Fargo Originations Down 2% YoY Wells Fargo Dealer Services saw a 2% year-over-year drop in originations — at $8.1 billion — in the third quarter, compared with $8.3 billion at the same time a year prior, according to the company’s earnings released today.  Total...

Continue reading →

Chase Auto 3Q Originations Grow 14% YoY

Chase Auto 3Q Originations Grow 14% YoY Chase Auto Finance originated $9.3 billion of auto loans and leases in the third quarter, up from $8.5 billion in 2Q, and up from $8.1 billion at the same time a year prior,...

Continue reading →

Wholesale Prices Rise Year-over-Year

Wholesale Prices Rise Year-over-Year Average wholesale values were flat in September, but remained up on a year-over-year basis primarily on the strength of truck prices and a higher proportion of pricier off-lease units.

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 →

Recall Prompts Hyundai to Extend Warranty

Recall Prompts Hyundai to Extend Warranty Hyundai Motor America is recalling 470,000 model year 2011-12 Sonata vehicles manufactured Dec. 11, 2009 to April 12, 2012 at Hyundai Motor Manufacturing Alabama and equipped with either a 2.0-liter or 2.4-liter gasoline direct...

Continue reading →