Avis Budget Group will purchase Avis Europe for about $1 billion in a deal slated to close later this year, the companies announced Tuesday. Avis Budget also offered an update with regards to its pursuit of Dollar Thrifty Automotive Group. Avis Budget said that its talks with the Federal Trade Commission on the DTAG matter […] [Read More]

New-vehicle sales should improve during the second half of 2011, according to Paul Taylor, chief economist of the National Automobile Dealers Association. Why? Taylor believes the gains should begin in July as inventory levels increase and gasoline prices drop. “Gasoline prices are currently falling, and that will allow dealers to sell a full mix of […] [Read More]

In an effort to provide clarity regarding possible changes connected with automotive debt collection practices, American Financial Services Association’s government affairs committee recently published a white paper about the topic. “With the passage of the Dodd-Frank Act, regulation of debt collection activities will likely increase as the new Consumer Financial Protection Bureau will have the […] [Read More]

Renovo Services recently unveiled its new brands and corporate identity for each of its four company segments as well as a revamped website meant to serve lenders and other companies that need recovery services. Company officials emphasized Renovo Services’ new brands and identities are meant to stress that they can handle any or all segments […] [Read More]

A headline contained within the latest edition of Guidelines produced by NADA Used Car Guide usually refers to what happens when a television show loses appeal. But this time, the reference to “jumping the shark” was connected with the escalating prices for compact and midsize cars. “As any dealer can attest, prices for used, late-model […] [Read More]

While AutoTrader.com’s rankings of most popular used vehicles didn’t change too much from April, SUVs and trucks are generating the same level of consumer interest and similar trends are being spotted for certified pre-owned vehicles, as well. In fact, the site said seven trucks and SUVs on its list of Top 20 Most-Searched Used Vehicles […] [Read More]

Communications and auto services company Cox Enterprises announced late last week that it will be making a $1 million donation to support efforts to protect and conserve Georgia’s natural resources. The gift from the James M. Cox Foundation, an organization that provides funding for capital campaigns and special projects in communities where the company does […] [Read More]

NADAguides unveiled a list of vehicles Thursday that are generating the most market buzz, but also are showing the most limited supply. Interestingly enough, three of the six models listed on the Most In Demand Vehicles Report were from Hyundai or Kia. Ford, Toyota and Honda claimed the other three spots. The first step NADAguides analysts took in creating […] [Read More]

In what was described as a “mixed, but fairly robust” market, dealers by and large have experienced either stable or improving vehicle sales. As for supply issues, they have been spotted quite often throughout the country and have had some adverse effects, according to the Federal Reserve’s latest Beige Book report. The used-vehicle market is also […] [Read More]

Highlighted by a special offer to move 2011 Ram 1500 pickup trucks, Chrysler Group rolled out a series of special financing incentives to run this month. The automaker announced qualified consumers who purchase a Ram 1500 Regular, Quad or Crew Cab pickup truck may be eligible for zero percent financing for up to 60 months and […] [Read More]