Credit Scoring System for Hourly Workers Developed by BHPH Dealer Partnership
Credit scoring for low income customers may become easier. An enterprising BHPH Dealership, Tricolor in Texas, has partnered with WorkRecords to develop a new credit scoring system. This system is... Read More
Are Subprime ABS and Auto Finance Growing Shaky?
Subprime ABS sales have been strong, and in fact subprime auto loan securities reached a record high in June, but now some investors are beginning to feel a little nervous. Are subprime... Read More
BHPH 2017 Benchmarks and Your Dealership: The Full Story
The BHPH 2017 benchmarks were released in June by the NIADA, which merged with the NABD earlier this year. Some of the information was released earlier, but the full benchmarks... Read More
Tight Subprime Auto Loan Bonds Market Bolstering Investors
It’s no secret that subprime auto loan risks have been rising and default rates remain high, but thus far that fact does not seem to be bothering investors. In fact,... Read More
Subprime Auto Sales: Financing Risks and Keeping Customers
Both subprime auto sales and financial competition are currently high. While there are more customers buying used cars, this does not necessarily translate into increased profits for average BHPH dealerships.... Read More
Sale of Subprime Auto Loan Bonds Reaches Record High
Subprime auto loan bonds have been selling like proverbial hotcakes as investors seek ever larger returns on investment. With subprime loans defaults at a two decade high, the risks are... Read More