HOUSTON, TEXAS – The National Alliance of Buy Here Pay Here Dealers (NABD) in conjunction with SGC Certified Public Accountants (SGC) and NCM Twenty Groups (NCM) announced that they have just completed their 2012 buy here, pay here benchmarks. These NABD benchmarks include operating information on sales, collections and recoveries, inventory, and inventory management. In addition, they also include portfolio performance metrics compiled electronically by Subprime Analytics (Subprime), who has analyzed over $10 billion of BHPH deals to indentify industry loss rates, patterns and trends. In the aggregate, these benchmarks provide the most comprehensive and credible look at the financial and operating performance of the industry for the last three years and important trend information for earlier periods.
Kenneth Shilson, CPA and President of NABD, said these benchmarks provide a “deep dive” into industry performance and provides insights into what lies ahead! The financial results were verified for accuracy and comparability as to accounting policies and practices. The operating information represents a composite of all BHPH Twenty Group participants. This year’s report includes analyses, ratios, graphs, charts, and a look ahead.
At the NABD Dealer Training Academy on May 19-21, 2013 and the Fifteenth (15th) Annual National Conference for Buy Here, Pay Here (NABD 2013) at the Wynn in Las Vegas on May 21-23, Brent Carmichael, Executive BHPH Moderator for NCM and Ken Shilson, CPA will explain the benchmarks and industry trends to help operators identify future profit opportunities. All attendees at these events will receive a complete copy of the entire 12-page report.
For information or to register for these important events, visit www.bhphinfo.com. Early bird discounts on registrations and rooms expire April 28.