The national gas price average had climbed to nearly $3.65 a gallon late last week, and it is believed that a few more coins at the pump may have a significant impact on used-vehicle prices. AAA’s Daily Fuel Gage Report released early Friday morning had the national average for regular gasoline at $3.647. According to […] [Read More]

With conditions ripe, February has appeared fairly rosy for the new-vehicle market and sales are likely to notch a strong improvement – albeit a single-digit increas — over the year-ago period, according to industry analysts. That said, it’s not quite clear yet how the rest of the 2012 — or the coming years, for that […] [Read More]

Despite sluggish economic conditions in Europe, Hertz Global Holdings established records during 2011 for income, revenue and more as the company recently highlighted its financial performance. Beginning with a look at fourth-quarter numbers, Hertz reported $2.0 billion in worldwide revenues, an increase of 9.7 percent year-over-year or 9.8 percent year-over-year excluding the effects of foreign […] [Read More]

Claiming it is the first Big 3 brand to do so, Jeep announced Thursday that its Facebook fan count has reached 2 million. Eclipsing this summit, Jeep contends it has roughly a 700,000-fan lead on the nearest Big 3 competitor. “On behalf of the entire Jeep brand team, I would like to extend a personal […] [Read More]

During a conference call with investors discussing its fourth quarter earnings results last week, GM Financial tipped its hand on some upcoming plans it has for Canada. While declining Auto Remarketing Canada’s request for specifics, the lender said it will start offering General Motors dealers non-prime lending in Canada later this year. [Read More]

The agenda for the 2012 Auto Remarketing Canada conference presented by CarProof is now officially live on the event’s website, organizers announced today. In addition to rolling out the offiicial agenda, the conference shared some more details about one of the speakers set for this year’s lineup, Paul Potratz. Explaining what he will cover, officials […] [Read More]

While also explaining its chief executive officer succession plan on Wednesday, Lithia Motors detailed results from a period that produced its best fourth-quarter net income ever in addition to used-vehicle sales that soared double digits. Specifically, the company sold 10,092 retail used vehicles during the period for a 24.5-percent year-over-year gain. Wholesale used sales increased […] [Read More]

Habitat for Humanity Detroit has gotten the ball rolling on a $25 million city revitalization project thanks in large part to the generosity of a Big 3 chief executive. Donating a $1 million personal gift to the “Leaders to ReBuild Detroit” initiative was the top boss of General Motors, Dan Akerson. The aim of the three-year […] [Read More]

Nissan North America revealed Monday it has chosen a new marketing director to “enhance” its brand power, among other responsibilities. Tapped for the position is Vinay Shahani, whose full title will be director of marketing communications and media for Nissan North America. The change is effective April 1. In his new role, the company noted […] [Read More]

On Tuesday, Dealer Services Corp., of Indiana promoted one of its executives to the newly created position of vice president of customer service.   Taking on the role is Randy Dohse, who previously held the position of regional director. The company indicated Dohse will be responsible for all customer service functions including dealer services, auction […] [Read More]