ARLINGTON, Texas, November 12, 2021 – Agora Data’s SVP of Strategic Relationships Jim Bass and SVP of Sales Chris Barry will speak at Used Car Week 2021 in Las Vegas at Red Rock Casino & Spa, November 15-18.
During his breakout session at 1:30 p.m. on November 15, Bass will present “Franchise Dealers Can Add the BHPH Marketplace to Their Sales Mix, Increasing Sales & Profits.” New car dealers can substantially expand their vehicle and parts/service sales by adding a Buy Here Pay Here (BHPH) dealership as an affiliated business of their company. When BHPH is an option, dealers enjoy fewer lost sales, fewer trade-ins going to auction, and – most importantly – greater profits. Bass will give real-life examples and walk through the steps a dealer can take today to set up a complementary BHPH sales organization.
“The opportunity to create higher sales and profits is always worth investigating. Based on my one-on-one discussions with dealers, I believe it’s not yet common knowledge how much of a boost they can get by entering the Buy Here Pay Here business,” Bass said. “At Agora, we enjoy daily visibility into the inner workings of Buy Here Pay Here dealerships, with access to hundreds of data points surrounding portfolio performance and profitability. If new-car dealers were aware of the true potential of Buy Here Pay Here, I think they would jump at the chance to become their own bank. I’m excited to discuss this in-depth and lay out simple, actionable steps to integrate the Buy Here Pay Here model with an existing business.”
Barry will present a breakout session titled “Groundbreaking Changes in Auto Financing to Fuel Growth” at 3:30 pm on the same day. Barry will share highlights about the industry’s first-ever crowdsourced subprime securitizations, which were completed by Agora in December 2020 and again in May 2021. Transformative solutions are now available for accessing funding that can help dealers lower their cost of debt, grow their sales volumes, and even slash prices for the consumer while achieving high profitability.
Barry commented, “It’s an exciting time to be a Buy Here Pay Here dealer. In the past, only large franchise dealers and used-car superstores were privy to competitive financing with attractive rates and terms. But today’s environment is different. With revolutionary capital solutions like reducing interest rate lines of credit and crowdsourced securitizations, Buy Here Pay Here dealers can easily level up and compete.”
Bass and Barry look forward to discussing Agora’s innovative capital solutions and free-of-charge, in-depth portfolio analytics with Used Car Week attendees. Company representatives will also be on hand at future industry conferences, to be announced soon, where they will continue to share Agora’s mission of empowering BHPH dealers and small to mid-size finance companies.
About Agora Data, Inc: Founded in 2017, Agora Data’s platform delivers a suite of tools to empower Buy Here Pay Here dealers and finance companies to maximize their success. Agora is disrupting and influencing the industry by connecting its dealers and finance company members to Wall Street and other capital resources previously only available to large dealer groups. Agora Data’s family of auto finance products provides a wide range of critical funding paths so originators can obtain the cash they need to fuel growth. Powered by Agora’s proprietary, radical, AI-infused technology platform, originators now have access to robust data analytics and planning resources to help optimize the performance of their portfolio. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization in 2020 and followed that up with its second transaction in early 2021. For more information, visit agoradata.com or contact us at 877-592-4672.