HOUSTON, TEXAS – The National Alliance of Buy Here,
Pay Here Dealers (NABD) today announced the successful completion of its Best
Practices and Compliance Conference held last week in Orlando, Florida.
Operators from around the United States and other countries attended the 3-day
event, which ended November 5. The dual track program featured sessions on best
operating practices and BHPH compliance.
Ken
Shilson, CPA, founder and President of NABD, indicated that the compliance
track “featured the greatest collection of legal talent in the 18-year history
of NABD!” Attorneys Dave Bafumo, Trish Cacciola, Susan Chylik, Allen Denson,
Mark Edelman, Tom Hudson, Eric Johnson, Terry O’Loughlin, and Shaun Peterson
explained and discussed the current legal and regulatory issues with attendees
that impact the BHPH industry today. “These legal experts really prepared
attendees for all the important compliance challenges ahead,” Shilson said. Attendees
who completed the compliance sessions receive a compliance certificate which
evidences their participation.” Attorney Tom Hudson created a 12-step checklist
to help attendees down the path to compliance after the Conference,” Shilson
also mentioned.
The
best operating practices sessions featured a panel presentation by John Neery
of CARite, Terry Bowdler and George Klinke of LHPH, and Hudson. These panelists
did an outstanding job of explaining the pros and cons of this BHPH alternative
business model. Other best practices sessions included web tips to regain
market share, technology solutions, a “how-to” on dealer advertising, an
accounting and tax update, tax refund tips, an Autotrader presentation on their
“BHPH Finance Center”, capital market alternative discussion groups, sourcing,
financing and reconditioning inventory techniques, a benchmarks / trends
update, phone skill tips, a current industry issues discussion, a panel
covering how regulatory issues may change BHPH, and an underwriting best practices
panel. “Attendee evaluations unanimously indicated that the Conference sessions
successfully met all their learning objectives!” stated Shilson.
A
“sold out” Exhibit Hall featured over 60 exhibitor / sponsors who offered all
the latest products and services, to make attendees more efficient and
profitable in the future. The exhibit hall included two receptions, coffees,
and a breakfast that enabled attendees to network with industry experts,
sponsors, and others.
NABD
announced that it will hold a Buy Here Pay Here Boot Camp on January 9-10, 2016
at the iCars BHPH dealership owned by Ingram Walters in Charlotte, NC, where
attendees can “see and learn” through hands-on training. Space is very limited,
so operators are encouraged to call NABD headquarters at (832) 767-4759 while
space remains available. Special discounts to the Boot Camp are available for
those who attended the Orlando Conference. NABD will also hold its 18th Annual
National Buy Here, Pay Here Conference at Wynn Hotel and Casino in Las Vegas on
May 24-26, 2016. For more information on these events, or to download
Conference presentations, visit www.bhphinfo.com.
NABD is the nation’s only used
car group exclusively for BHPH operators. Membership is attained by attending
any of the organization’s training events and there are no membership dues.
RECIPIENT: If
you have any questions or concerns regarding this press release, please contact
Ken Shilson, President
National Alliance of Buy Here, Pay Here Dealers
(NABD)
2180 North Loop W., Ste. 270
Houston, TX 77018-8019
Ofc. (832) 767-4759