Almost 100 years after General Motors co-founder William Durant debuted the logo, the Chevrolet bowtie is perhaps the most identifiable mark in GM’s bevy of brands. Thing is, it seems there is no real consensus as to what inspired Durant to create the logo in the first place. Was it hotel room wallpaper? Was it […] [Read More]

Saab Automobile AB is filing for voluntary reorganization today in hopes of staving off creditors in the short term while it waits for the arrival of its Chinese investors’ equity contributions. The reorganization only includes Saab Automobile AB, Saab Automobile Powertrain and Saab Tools AB. Saab Cars North America and other overseas operations are not […] [Read More]

Though its destruction appears to have been far less severe than that of Hurricane Irene last month, Tropical Storm Lee certainly had an impact on the Southeast and Gulf Coast during Labor Day weekend and impacted automotive world during a big sale weekend. Fortunately — based on what Auto Remarketing learned Tuesday — the harm […] [Read More]

Automakers are being more cautious and strategic in fleet sales of late, realizing that a sales flood of a certain model into the fleet market could water-down used values when these units come back to market, according to ALG. On Friday, the company talked about how OEM strategies for these sales are shifting to a more long-term view. In ALG’s […] [Read More]

With BMW and Mercedes-Benz threatening to dethrone the luxury brand, Lexus cranked up the incentives during August with its eye clearing out 2011 model-year units and “making up some lost ground,” according to Edmunds.com. But how will what Edmunds called a “Hail Mary” play impact resale values for Lexus? [Read More]

Just before departing for Labor Day weekend, Hertz Global Holdings announced it completed the acquisition of Donlen. Officials recapped the acquisition was funded by $177 million in cash proceeds from Hertz and the assumption of $770 million in Donlen fleet debt. The companies stressed Donlen provides Hertz an immediate leadership position in long-term car, truck […] [Read More]

With also gauging how much Hurricane Irene effected the numbers, the chief economist of the National Automobile Dealers Association attributed August’s new-vehicle sales performance to one factor — inventory levels. Paul Taylor believes the amount of vehicles on franchised lots not only swayed last month’s sales, but also likely will be the dominating factor as […] [Read More]

Late last week, Vehix released what it considers to be the top used vehicles for teenage drivers that are not only affordable, but are top-notch in terms of safety and reliability. The “8 Great Used Cars for under $10,000 for Teenagers” features only vehicles that met the numerous requirements from Vehix, which included a minimum […] [Read More]

Some Ontario dealers who regularly make out-of-province sales may actually benefit from a new tax law, according to the Used Car Dealers Association of Ontario. UCDA pointed out in its latest Front Line report that the new HST rule can allow eastern and northwestern Ontario dealers to apply lower tax rates when they sell to […] [Read More]

In what has been an up-and-down rollercoaster kind of year for the Canadian auto market, August continued the streak of unpredictable, volatile car sales, according to DesRosiers Automotive Consultants. After falling 5 percent in July, the new-vehicle market was up 3.2 percent during August, the firm explained. While the 140,361 sales were stronger than year-ago […] [Read More]