Delinquencies, Repossessions Up in 2013, Experian Automotive Reports
Automotive loan delinquency and repossession rates increased in the first quarter of 2013, according to Experian Automotive’s latest State of Automotive Finance report. Thirty-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year. “Obviously, we never want to see a rise in delinquencies or repossessions, but when you compare...
Why Bankruptcy Filers Are Great Prospects For Buy Here, Pay Here
With buy here, pay here a growing and potentially lucrative niche within the used car industry, dealers are able to explore which types of customers represent the best prospects for this specialized type of purchase and financing. What is the one market segment often overlooked? Answer: 1.4 million Americans who fil bankruptcy every year. But before you write them off as deadbeats, you should know the facts about them. Bankruptcy...
Tap Into Hispanic Market
By Jennifer Reed ATLANTA (Dec. 21, 2005) — As the U.S. population of Latinos continues to grow, the importance of tapping into this market segment for dealers is climbing, and quite simply, it makes good business sense for the bottom line. However, some dealers may find themselves scratching their heads in confusion, as they need to learn how to accommodate and attract folks from a completely different culture to their showroom...
News for December 23, 2013
TD Bank plans to up its service game, reduce its number of dealer-clients, and build a model for more efficient future growth. The expected result: Slower U.S. originations in the coming quarters. Lenders plan to combat stiffening competition and increased regulatory scrutiny in 2014 with expansion efforts and enhanced compliance. Months after Nicholas Financial first revealed it had a suitor, Prospect Capital Corp. has come forward...
BHPH.com
Listening to Your Needs, and the Community’s Our sole purpose is to serve you. Simply put, we believe you have been underserved for too long. Life is difficult enough; finding success in the used-car and subprime automotive industries should not be. That’s why we built BHPH.com – to provide valuable industry news and information to the industry professional at no cost. Philanthropy is at our core because we hope to leave...
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