Daily Digest – January 9. BHPH Dealers Poised For Growth; Consumer Credit Has Biggest Monthly Jump in 16 Years


  • Buy-here, pay-here dealerships are poised to regain some marketshare in the auto lending industry, according to Black Book. As more lenders are tightening the underwriting criteria for approving loan applications, more consumers may have to look at BHPH dealerships as a means of being able to purchase a vehicle.



  • The amount of consumer credit outstanding in the United States had its highest one-month gain in 16 years in November, according to data released Monday by the Federal Reserve Board. The total amount of consumer credit, including credit cards, auto loans, and student loans, increased by more than $27 billion from October to November, which was more than $7 billion more than economists were expecting.

WORTH NOTING: When you’re running late for a job interview, you do what you have to, which, in this case, means running across some airport runways … For those who didn’t stay awake, the college football championship had quite the ending last night/this morning … Changes in how mortgage lenders use credit scores could be on the way, which would open up the housing market to more people … Why 99% of people choose the wrong career path … You’ll never accomplish goals that you really don’t care about … Economists want the country to give every baby a bond worth $20,000 that they can access when they turn 18 … The coolest tech gadgets from CES … The states where populations are shrinking … The flu season is shaping up to be one of the worst in years … The S&P 500 index has hit a record every day of 2018, the first time that has happened in more than 50 years.

A device that turns your smartphone into a laptop

A TV that unrolls like wrapping paper

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at mike@canvasbusinessmedia.com.

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Mike Gibb

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