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NIADA Effort to Halt Oregon BHPH Bill Succeeds

A bill aimed at restricting the practices of buy-here, pay-here dealers in Oregon is off the legislative agenda following an effort by the NIADA to educate lawmakers about the legislation’s potential harmful effects on consumers.

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Ohio AG Charges BHPH Dealer With Consumer Law Violations

An Ohio buy-here, pay-here dealer is charged with failing to provide consumers with dated receipts listing the terms of the sale, as well as failing to apply for a certificate of title within 30 days of selling a vehicle.

Calif. BHPH Bill Heads to Governor’s Desk; Two Others Inch Closer

Three bills aimed at buy-here, pay-here dealers move closer to becoming law. Assembly Bill 1447 gains approval from both houses and awaits the Gov. Jerry Brown’s signature, while AB 1534 and SB 956 head back to their respective houses for concurrence votes.

Rising Vehicle Supply Benefiting BHPH Dealers

Black Book Auto Analyst Ricky Beggs shares his findings on the latest trends involving aging vehicles.

Spireon Releases GPS Tracking Buyer's Guide for BHPH Dealers

Spireon has developed the industry's first GPS vehicle tracking buyer’s guide for dealers who are new to the buy-here, pay-here (BHPH) segment.

Calif. BHPH Bills Clear Hurdles

Three Calif. bills that aim to regulate buy-here, pay-here dealers passed through their respective houses of origin this week, beating a key June 1 deadline.

CFPB Blog Puts Auto Lenders On Notice

In a recent blog post on the Consumer Financial Protection Bureau (CFPB) website, the Assistant Director for the Office of Fair Lending and Equal Opportunity said the agency will be paying more attention to non-mortgage loans, and specifically called out auto loans.

BHPH Had Solid 2011, CNW Reports

The market research firm estimates that BHPH dealers achieved $16.5 million in gross sales last year and sold about 2.5 million vehicles.

SFG Finance Adds to Executive Team

BHPH portfolio buyer names Robert Chickowski senior vice president and manager of portfolio acquisitions. He will supervise the company’s due diligence and portfolio acquisition efforts.

AUL Corp. Partners With Ace on “BHPH in A Box" Program

AUL Corp. announced an expansion of its service-contract relationship with Ace Motor Acceptance Company (AMAC), a subprime finance source in Charlotte, N.C.