FI showroom red and grey logo
MenuMENU
SearchSEARCH

Surge of 1Q Bankruptcies Provide Dealers With Larger Market

The United States bankruptcy court system discharged nearly 206,000 personal bankruptcies during the first quarter, and more than 266,000 additional households filed for a new bankruptcy, according to www.OnlineBKmanager.com.

by Staff
April 21, 2009
2 min to read


PHOENIX – The United States bankruptcy court system discharged nearly 206,000 personal bankruptcies during the first quarter, and more than 266,000 additional households filed for a new bankruptcy, according to www.OnlineBKmanager.com.

Its findings, the company said, provide its clients with ample opportunities within their respective markets.

Ad Loading...

“We have seen increasing results with our program over the past six months,” said Robert Davies, president of www.OnlineBKmanager.com. “While some dealers have slowed their advertising efforts, others have stepped up and are taking advantage of the situation. For example, last week one of our new clients closed 50 percent of the respondents from their initial mailer and delivered more than 15 units.

“During our analysis we found the majority of these buyers were not contacted by other dealers in the market immediately following their bankruptcy discharge,” added Davies.

He said the 5.2 billion piece mail volume decline as reported by the United State Postal Service has helped his clients’ mailers stand out to consumers and increasing the results for clients. The OnlineBKmanager.com’s program is for dealers with sufficient subprime experience.

The company is offering its money back guarantee for the second consecutive year. “If the dealer does not gross back their investment within the first 60 days of service, we will give a refund and the dealer can keep our program for the remainder of the 12 month term,” said Davies.

More F&I

Woman in casual clothing sitting at a desk
F&Iby Rick McCormickMarch 31, 2026

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

Read More →
Photo of man's hand on laptop computer keyboard with blank screen
F&IMarch 16, 2026

There Is Always one More Product

Helping F&I customers understand complementary offerings is likely to lead to more sales, based on the success of a high-performing practitioner of the philosophy.

Read More →
REGISTER FOR EFI 2026
F&Iby Kate SpataforaMarch 16, 2026

EFI Conference Extends Early Bird Discount as Room Block Nears Capacity

Ethical F&I Manager's Conference will take place at The Cosmopolitan Las Vegas on April 13–15, 2026.

Read More →
Ad Loading...
Industryby StaffMarch 6, 2026

Explore the 12 Rules for an F&I Life at EFI

EFI 2026 will take place April 13–15 at The Cosmopolitan Las Vegas.

Read More →
F&IMarch 4, 2026

Creating Your Own Economy

In this video, Reese Dailey explains how effective follow-up drives better results across the dealership, including increased sales, higher F&I penetration, and stronger customer retention.

Read More →
Industryby StaffMarch 2, 2026

Prove You Can Do F&I at EFI

‘So You Think You Can Do F&I’ is a live role-play contest taking place at the 2026 Ethical F&I Managers Conference.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Industryby Hannah MitchellFebruary 23, 2026

Some Auto Brands Cheaper to Insure

A new top 10 list ranks the least expensive for average full insurance coverage on a clean driving record and high driver credit scores.

Read More →
F&IFebruary 13, 2026

Business Office Blueprint

Try following these 20 steps to greater success in the dealer F&I office this year.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 11, 2026

Insurance Shopping on the Rise

A TransUnion study found that relationship-driven sales models proved to be important, as consumers who used an agent had a lower shopping intensity than those going it alone.

Read More →