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Minneapolis, MN – Can you believe that we’re already in the 3rd quarter of 2013?! The Holiday season seems like it was just yesterday and I was in Houston, visiting our corporate office, cheering on the Minnesota Vikings as they beat Houston!
In February, Sherry Merritt (Client Services) and I attended NADA (National Auto Dealers Association) Conference in Orlando, Florida. This conference is unique as it provides a platform for the entire automotive industry to come together. In addition to over 1,900 dealerships present, there were hundreds of allied industries there. We had a great time with some of our existing clients and met a few new ones too! Our Sherry Merritt is pictured here with Larry Stiver of VIP Marketing, Inc at NADA2013!
March brought us a milestone in the social media venue as our Twitter account (@bebdata) reached 300 followed and we have over 300 views on our Facebook page. Thank you!
In April we received our first Graphic Excellence Award (GEA) for our 2012 Interactive Holiday Card! Presented by the Printing Industries of the Gulf Coast, we are excited to be recognized by this prestigious organization. May brought us another milestone in the social media arena, as our YouTube videos were viewed over 500 times, spanning 10 countries! We also launched our BEBdata LinkedIn page, so be sure to follow us as we blog weekly BK statistics along with other industry news.
In the next six months, we’ll attend the ABA Marketing Conference in San Antonio, TX (September) and are looking forward to the big DMA show in Chicago, Illinois in October.
We are very grateful to you, our valued clients, and are always looking for ways to improve or add-on services. If you have a request, please give me a shout. Our goal is to make sure all of your business needs are being met with your satisfaction.
Chapter 7 filings have gone down by 7.5% during the first 28-weeks of 2013 compared to the same timeframe in 2012 from 418,323 to 387,095. The drop between 2012 & 2011 shows an 11.8% decrease in filings for a total downward trend of 18% over the past two years.
Gather your own statistics with our comprehensive and easy to use Resource Center by clicking here.
Chapter 7 discharges decreased by 21% in June 2013 when compared to the same four-week period of 2012. California lead the way with a four digit decrease with 14,826 discharges in 2012 compared to 10,651 last month. Louisiana saw the fewest decreases with less than 10.
Gather your own statistics by using our online robust Resource Center.
Please note: Our data is based on one per household and has been cleansed to postal specifications.
Delinquencies for subprime buys crept up to 5.50% in the fist quarter of 2013 from 5.09% a year earlier. Great article from SubPrime Auto Finance News.
We watched an interesting video with Jim Jelter of MarketWatch regarding foreclosures. Year to date foreclosures are down 28%, however, there are some regions where they are on the rise. Data showed that foreclosures rose by 2% and repossessions by banks rose by 11% in the month of May.
Get the whole story and watch the video at http://paper.li/RealtyTrac/1306363512
Year to date Chapter 7 Discharges* are down 19.6% in 2013 compared to the same time frame in 2012. The largest drop based on percentage took place in Alaska, with 42.5% decrease. Still, the largest number of Chapter 7 Discharges are found in California. Though down 28% from last year, 50,284 were processed so far this year (through May) compared to the second highest activity in Florida with 23,675 discharges.
*(January – May)
Note: Our data is based on one per household and has been cleaned to postal specifications.
There was a 21.3% decline in Chapter 7 discharges nationwide in the month of May 2013 compared to May of 2012.
48 out of 50 states saw a decline, and California shows the largest with a 28.3% descent. Two states had a small increase; Mississippi and Kansas. Our graph shows the top 10 states with the highest decline in Chapter 7 discharges from May 2012 – May 2013.
Note: Our data is based on one per household and has been cleansed to postal specifications.