Along with an explanation of what it means to a proposed deal in Canada, Hertz Global Holdings announced Thursday that it agreed to extend the term of its timing agreement with the Federal Trade Commission in connection with its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty […] [Read More]

As a survey by another firm showed what factor takes top priority when Canadians are shopping for vehicles, data from autoTrader.ca showed the top 10 models potential buyers considered during the third quarter — primarily units from Ford and Honda. Whether it was a workman-like pickup truck, a reliable import or an über-cool exotic, autoTrader.ca […] [Read More]

Women-Drivers.com asked female car shoppers what they look for during the car-buying experience — particularly when it comes to the salesperson — and the site found that more than three-fifths of these women emphasized trustworthiness. Next on the list of attributes cited most frequently as being important was being “respectful,” which was mentioned 48.1 percent […] [Read More]

Edmunds.com said Tuesday that dealer financing is back to pre-recession levels after bottoming out in 2009. Analysts contend a key driver of this resurgence is the revival of the subprime market, which accounted for a quarter of all new auto loans in the second quarter of 2012, up from a second-quarter low of 17.6 percent […] [Read More]

Today is the final day for early registration to the Used Car Week conferences; tomorrow, the cost for each conference will increase by $200. Conference organizers encourage those interested in attending to  take a minute to get registered and guarantee your spot at one (or two, or three) of the industry’s most dynamic events. They […] [Read More]

On Tuesday, the National Automobile Dealers Association reported on the election results for its 2013 chairman and vice chairman positions. NADA has chosen David Westcott of North Carolina as its newest chairman, and Forrest McConnell III as vice chairman for 2013. The election  took place at a meeting of NADA’s board of directors in Chicago. […] [Read More]

For the fourth straight month, Subaru leads the pack with an A-plus in both manufacturer and brand rankings in TrueCar.com’s Performance Scorecard program. In the manufacturer grading in the September rankings that were released this week, tying for second place were Toyota and BMW, both of which earned an A for the month. Jaguar Land […] [Read More]

What will the remarketing of repossessions be like next year? How did the process of moving these units through the wholesale market unfold this year? Those questions and more will be discussed during the Re3 Conference, which focuses on repossession, recovery and remarketing. In a conference session titled, “Remarkable Remarketing & Repossessions,” some of the […] [Read More]

Manheim chief economist Tom Webb projected repossession volumes will climb next year while also explaining why that growth will be tempered. Webb estimated a “relatively small increase” in repossession volume for 2013, “say in the neighborhood of 75,000 units or so. “To be sure, the number of contracts outstanding has risen,” Webb continued. “There has […] [Read More]

In honor of Breast Cancer Awareness Month, a Pennsylvania dealership group has gone pink, splashing vast pink ribbons across all eight of their buildings.   Smail Auto Group says the pink ribbons are making more than a visual statement: The auto group is also donating $100 for every new and used vehicle sold at Smail dealerships […] [Read More]