With the deadline approaching at the end of the week to consummate the previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group, Hertz Global Holdings reportedly is making moves to gain federal approval. A Bloomberg report on Monday indicated Hertz agreed to sell more airport locations, […] [Read More]

Used Car Week officially begins today, getting the series of conferences rolling with the CPO Forum. Kicking off the action at 2 p.m. today are back-to-back series of concurrent workshops, which will dive into topics like online reputation, CPO price premiums, used-vehicle stocking strategies, maximizing auto shopper click data, third-party CPO programs, online trade acquisition […] [Read More]

What dealers have known as DealerTrack Holdings not only reported its third-quarter financial results last week, but the company also changed its name. Going forward, the company is now known as Dealertrack Technologies. As far as its third-quarter performance for the span that ended Sept. 30, the company first reported its GAAP results, which included: […] [Read More]

With American Suzuki bankruptcy proceedings in full swing and moves made on what to do about relationships with franchised dealers, Kelley Blue Book took a look at what the proceedings might mean for used Suzuki vehicle values. KBB said two brands that recently left the U.S. market provide a solid comparison on what to expect […] [Read More]

If you are planning to join us next week at the Used Car Week conferences in Arizona, now is your last chance to make sure you’re registered before the conference begins. [Read More]

Who’s buying cars and who’s getting rid of them? Online automotive lease marketplace Swapalease.com has noticed some trends when it comes to which states are gaining more cars and which are losing units. The site facilitates lease transfers online and the company says it has first-hand knowledge of how online automotive marketplaces have altered the […] [Read More]

Following a pilot program where dealerships achieved an average of nearly $85,000 in annual profits via their service departments, Reynolds and Reynolds has announced the broad launch of its Service Price Guides Master Certification Program. The program is aimed at dealerships that have the goal of increasing their usage of the company’s ERA SPG service […] [Read More]

Vincentric recently unveiled its first-ever Best Value in Canada awards, recognizing brands and individual models based on cost-of-ownership data. Topping the list was Toyota, which not only earned the brand award for passenger cars, but also earned awards in 10 individual vehicle categories. Mercedes-Benz was named best value luxury brand, and GMC earned honors as […] [Read More]

World Omni Financial Corp. revealed Wednesday it has named a new president. Tapped for the position is Dan Chait, who joined World Omni in 2002 after holding senior-level positions at US Airways, AutoNation and UniCaptial Corp. Chait, who most recently served as senior vice president at World Omni, will be replacing Frank Armstrong, who has […] [Read More]

For Ed Rykulski, fostering the certified pre-owned culture begins with putting as many vehicles as possible through the certification process. “First of all, we feel the most important thing is to certify every vehicle that you possibly can,” said Rykulski, the used-car manager at Al Serra Auto Plaza in Grand Blanc, Mich. “Second of all, […] [Read More]