BHPH News

CarLotz, a national consignment-to-retail used vehicle marketplace, will open its first hub in Alabama. The hub, located at 3016 Government Blvd. in Mobile, is expected to open later this year.…
Sonic Automotive announced the acquisition of Audi Glenwood Springs and Glenwood Springs Volkswagen in Glenwood Springs, Colo. “Audi and Volkswagen are popular brands that are in high demand in the…
The National Independent Automobile Dealers Foundation announced its annual scholarship winners during NIADA’s Convention & Expo. Blake Holland of Sterling Heights, Mich., won the $10,000 NIADA Foundation/Manheim Scholarship to Northwood…
Hurricane Ida has closed auto dealerships across southern Lousiana and Southwest Mississippi. The hurricane, which made landfall in Louisiana, Mississippi and Florida on Sunday and continues to move inland as…
Kroll Bond Rating Agency has assigned preliminary ratings to seven classes of notes issued by Carvana Auto Receivables Trust 2021-N3 (“CRVNA 2021-N3”), an auto loan ABS transaction. CRVNA 2021-N3 represents…
Work Truck Solutions is expanding its partnership with Ryder System, a provider of supply chain, dedicated transportation, and fleet management solutions, by offering Ryder used truck inventory on the commercial…
Swapalease.com, a national car lease marketplace, reports car lease credit applicants registered a 70.0% approval rate in July. The approval rate is an increase from the 67.6% rate in June.…
Used-vehicle loans saw notable increases in several categories, according to Experian’s latest State of the Automotive Finance Market report. For example, the average loan amount for a used vehicle was…
Kroll Bond’s auto loan ABS indices for July 2021 showed softening credit performance across most auto loan pools during the June collection period, in line with typical seasonal trends. Early-stage…