BHPH Perspectives At the recent National Alliance of Buy
BHPH CERTIFIED MASTER DEALER PROGRAM SET TO KICK OFF
including, but not limited to: Five years of successful operating performance
jointly announced the details of their NABD or both training program, scheduled to be held in September in Dallas. Though NIADA has been conducting
documents and transactional forms have had a positive legal and compliance
retail program for several years, this new
At a very important time, during which the BHPH industry faces many challenging legal and regulatory issues,
standards for industry leaders. Participants in the inaugural training program must meet certain operational standards,
prepared in accordance with generally accepted accounting principles. In addition, the dealer’s historical performance must approximate the key industry benchmarks published annually by NABD and Subprime Analytics for debt/equity ratio, allowance for bad debts, average cash in deal, average gross
delinquency, average net loss per charge off and average default rate. A complete copy of the most recent BHPH industry benchmarks can be downloaded free at www.subanalytics.com or by obtaining a copy of NIADA’s Used information, visit www.niada.com. The eligibility criteria were established with an emphasis toward encouraging compliance with all industry laws and and successful operating performance, and sound systems and processes. Those traits will distinguish graduates to both capital providers and their industry peers. The inaugural session is planned for area to be announced in the near future. The program goal is to provide training
Fastenal Launches Expense Reduction Program Fastenal, a national distributor of industrial and construction supplies, has introduced an expense reduction program for auto dealerships to save owners time and money related to their shop supplies and essential tools. The centerpiece is Fastenal’s FAST date, 8,000-plus machines have been installed to help organizations reduce supply consumption, move the cost of inventory to Fastenal, and increase worker productivity. To access products, workers enter an ID code and a repair order number, then make a selection. If the request is authorized, the machine dispenses the product and automatically reports the details of the transaction, making workers accountable for what they use. Controls can also be established so that workers only have access to the products (and amounts) needed to do their jobs. For more information, visit www. fastenal.com. 18
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