BHPH Content Library




BHPH Library : View
2014-12-02 NABD Announces Further Details of The BHPH Best Practices Conference in Dallas January 18-20, 2015

HOUSTON, TEXAS – The National Alliance of Buy Here, Pay Here Dealers (NABD) today announced further details of its upcoming event at the Hilton DFW Lakes Executive Conference Center in Dallas, Texas on Jan. 18-20, 2015.

“This Conference is designed to address the biggest challenges the subprime auto finance industry is facing today,” said Ken Shilson, NABD Founder and President. “The buy here, pay here operator is now facing stiff competition from finance companies, credit unions, and franchise dealers. Therefore, BHPH operators must find new ways to retain and regain their customers and increase market share during these highly competitive times. The old ways just aren’t working because the industry economics and customer behavior have been altered by all this competition for subprime customers,” Shilson explained.

“In addition, our industry is facing some new regulatory challenges from the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), and state attorneys general. Legal and regulatory mistakes can prove very costly as evidenced by the most recent $8 million penalty assessed against a major BHPH operator.”

In response, NABD has assembled outstanding experts, attorneys, operators, and former regulators who will provide tips, techniques and best practice ideas that will help operators navigate through these challenges in 2015. “You can’t do the same things next year and expect to be more successful,” Shilson said.

Operators must now be more proactive in their compliance efforts in order to avoid significant penalties and business disruption caused by increased regulatory scrutiny. “However, the industry struggles with what to do and the expense associated with all these compliance requirements,” Shilson explained. “At this conference we will explain what operators must do now and how they can comply cost effectively! We are not receiving much insight from Washington so we must seek input from former regulators who can share their knowledge. Operators who believe compliance is expensive will learn that non-compliance is much worse,” Shilson indicated

The timing of this event allows operators to start the new year by doing the right things, which will improve their results. The DFW Lakes Executive Conference Center is an outstanding facility located very near Dallas Fort Worth International Airport, and ground transportation to and from the Conference Center is provided. For attendees who wish to drive to the event, free parking is available. NABD has arranged significant discounts on rooms while supplies last. No resort fees are charged to guests and the property has a fitness center, indoor pool, and other amenities. This event is very affordable for all key personnel.

The dual-track program will cover both operating and compliance best practices. Operators are encouraged to send at least two employees so they can attend both tracks. Unlike other trade shows, this educational Conference is specifically designed for the BHPH industry so all the sessions will focus on relevant information. The sessions are interactive so individuals can take away answers to their specific questions. An agenda and information on keynote speakers is available at www.bhphinfo.com.

The Exhibit Hall features all the latest products and services available to help increase profits and cash flow. Two receptions, a breakfast, and a luncheon are included and these are designed to facilitate networking with the experts, exhibitors, and other attendees. “A very limited number of exhibit spots remain available,” Shilson said. “To secure space, call Keith at 832-767-4759 as the exhibit hall is expected to be sold out.”

Significant early registration discounts are available for paid registrations received prior to December 19, 2014. Some discounted rooms remain available at the Hilton DFW Lakes, so attendees are urged to reserve now to receive the discount.

Hoping next year will be better is not a prudent strategy. Operators are encouraged to “work smarter, not harder” in 2015! This conference will get them pointed in the right direction!

NABD is the only used car special interest group exclusively for the self-finance industry. Membership is open to anyone in the BHPH industry and to service providers. Members pay no dues. NABD will hold its 17th Annual National Conference at the Wynn Resort and Casino in Las Vegas May 19-21, 2015.