The market research firm estimates that BHPH dealers achieved $16.5 million in gross sales last year and sold about 2.5 million vehicles.
Ohio Attorney General Mike DeWine filed lawsuits against two buy here, pay here dealers for violating multiple consumer protection laws.
Legislation aimed at setting new restrictions for the state’s buy here, pay here (BHPH) dealers cleared its first hurdle yesterday.
NCM Associates is once again sponsoring the NABD Dealer Academy and Conference for Buy Here, Pay Here (BHPH). The firm also will participate in education tracks offered at the two events.
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.
The industry has been waiting for signs on how the CFPB would approach anything auto. The magazine’s resident legal wiz says the agency has finally tipped its hand.
A new partnership between SFG Finance and Subprime Analytics will provide dealers with access to the SFG Finance National Subprime Loan portfolio program. Sellers of portfolios also will gain access to key analytics.
A 39 percent increase in subprime buyers in October drove used-car values up 18 percent compared to the same month a year ago, reported CNW Research.
Buy-here, pay-here dealers from the eastern half of the country and beyond converged at the Georgia International Convention center last week for the first annual East Coast BHPH Conference.
Advanced Lending & Portfolio Services, a bulk purchaser of buy-here, pay-here contracts, announced strong quarterly results, claiming a total portfolio size of $11.5 million at the end of 3Q 2011.
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