AutoNote Solutions is pleased to announce that it will attend the 18th Annual National BHPH Conference, at the Wynn in Las Vegas, Nevada, on May 24-26, 2016. This conference is ideal for both new and experienced operators and covers all aspects of the industry. The expo will feature all of the latest products and services. VISIT OUR BOOTH# [...]
According to a recent report provided by Experian in 2015, buy-here, pay-here (BHPH) dealers have lost about 40% of market share to subprime finance companies, credit unions and franchised dealers. This market disruption is leaving but one choice to BHPH dealers: in order to survive today you have to have financial flexibility and capital availability. In [...]
Wells Fargo & Co. today reported auto originations of $7.6 billion, up 13% from the same time a year ago. As for outstandings, indirect auto receivables were $57.1 billion, up 2.5% year over year. Commercial auto outstandings were $10.3 billion in 4Q15, up 14.2%, year over year.U.S. Bank has released year-end earnings today, and wrapped [...]
Since the amount of money a typical BHPH customer has available to buy a car and give a down payment has remained steady while wholesale vehicle prices remain high along with repair costs, Buy Here Pay Here dealers are being forced to increase their cash in deal on each sale to keep their business open and [...]
