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In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
The Toyota Motor Corporation of Japan has been active in the North American market since 1957, [3] made its manufacturing investment in North America in 1972 with the establishment of a company now known as Toyota Auto Body California, [4] and established its first production line in the US in 1986 at NUMMI (New United Motor Manufacturing, Inc.), a joint-venture with General Motors.
On October 26, 1968, he entered into an agreement to distribute Toyota vehicles from the Port of Jacksonville and Southeast Toyota Distributors (SET) was founded that year. [5] The first year, cars were sold to 42 dealerships by eleven associates in Pompano Beach, Florida. [8] SET sold their one millionth Toyota in 1982.
“Toyota alone made $265.3 billion in the last decade, 90 billion in the last three years. Toyota CEO pay in the last two years went up 125%. So as I told those workers, when they hit you with ...
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