Noting profitability has reached levels not ever seen before, Hertz Global Holdings highlighted its second-quarter financial performance this week, including jumps in revenue, adjusted pre-tax income and adjusted net income. The company’s second-quarter worldwide revenues came in at $2.1 billion, a 10.3-percent increase year-over-year. Hertz indicated worldwide car rental revenues for the quarter increased 9.8 […] [Read More]

While a survey showed more than 20 percent of Millennial consumers — professionals ages 22 to 30 — plan to buy a used or new vehicle within the next year, sources of information used to determine what to buy vary between the men and women questioned. The survey orchestrated by Capstrat, a marketing, public relations […] [Read More]

NADAguides.com picked its Car of the Month for August this week by going with a luxury model, the 2011 BMW 535i. Site analysts explained the BMW 535i was chosen as the NADAguides Car of the Month for August based on exceptional overall design inside and out, smooth power, controlled and comfortable drive, responsive handling and […] [Read More]

In the results of a survey released Wednesday, AAA has discovered that the bulk of drivers are extending their vehicle ownership periods and not going out to buy a new car because they would like to avoid the financial burden of making such a purchase. [Read More]

The economy remained sluggish and the debt ceiling crisis was on the worried minds of many. But neither of those things apparently stopped consumers from buying what TrueCar said was the priciest assortment of vehicles it has ever observed. Thanks to a pricier product mix, limited inventories and the dearth in dealer discounts/OEM incentives, average […] [Read More]

Not to be confused with the Hot Wheels found at a toy store, the National Insurance Crime Bureau on Tuesday released its own Hot Wheels — the list of the 10 most stolen vehicles in the United States. And for the first time since 2002, NICB discovered thieves preferred domestic nameplates over foreign brands. Among […] [Read More]

Sharing the findings of a semi-annual study, J.D. Power and Associates recently examined how car brands stack up against one another in terms of how satisfied new-vehicle shoppers are with their respective websites. In releasing the results of its 2011 Manufacturer Website Evaluation Study’s second wave on Tuesday, J.D. Power noted that the brand topping […] [Read More]

In light of the Japanese natural disaster and a flagging U.S. economic recovery, Tom Webb and Manheim Consulting had plenty of unique factors to consider when compiling this year’s Used Car Market Report — Mid-Year Edition. Pinpointing what would boost all segments of the industry most, Webb didn’t hesitate to tell Auto Remarketing it is […] [Read More]

It has been six years since the used-car market saw a July as strong as the “blockbuster” sales total reached last month, according to CNW Research. But as one particular dealer can attest, challenges apparently still remain. The firm reported Sunday that used sales for the month jumped 13.46 percent year-over-year and came in just […] [Read More]

Based on the latest analysis from J.D. Power and Associates, it appears the auto industry is having a tough time accelerating over recent speed bumps, although recovery still seems to be on the horizon and the market likely improved from June. Pointing out yet another month where second-half sales stalled, J.D. Power expects that when […] [Read More]