Less than a month after Hertz Global Holdings rolled out a bid to buy up all of Dollar Thrifty Automotive Group’s outstanding stock, DTAG is advising its shareholders to hold off on selling for the time being. Dollar Thrifty announced Monday that its board of directors has unanimously recommended DTAG shareholders not to tender their […] [Read More]

Recovery Industry Services Co. recently formed a partnership with MBSi Capital Corp., makers of the Re-Pros Repossession Software Suite and the iRepo Solution, to provide a key code solution. Officials explained Re-Pros or iRepo users will see a button within their assignments that allows them to request the key code from within the software. “Upon […] [Read More]

As its president delays retirement, Ally Financial shuffled its top management structure late last week as four executives received new appointments effective immediately. Among those appointments is the newly created position of senior executive vice president of finance and corporate planning, which is being filled by Jeffrey Brown, formerly Ally’s corporate treasurer. In addition to […] [Read More]

It’s official. The U.S. Treasury has agreed to end its ownership share in Chrysler, inking a deal late last week for Fiat to buy its remaining 6 percent interest in the Detroit automaker for $500 million. While this certainly is a landmark for the automaker, what kind of impact will it have in the long […] [Read More]

NADAguides recently named its Car of the Month for June and receiving the monthly honors was the 2011 Mini Countryman. Officials said the desicion was based on the vehicle’s European styling, ample space, sportiness and fuel efficiency. Besides impressing NADAguides analysts with comfort and style, Mini’s compact crossover also gained headway when its safety features […] [Read More]

Canadian auto borrower debt for the first quarter jumped more than 12 percent year-over-year, but TransUnion indicated in its quarterly analysis one mitigating factor that is offsetting this moderate increase. Furthermore, auto delinquency rate was down, which is also good news. [Read More]

General Motors dealers could have a choice for new inventory floor planning besides Ally Financial. Auto Remarketing confirmed Wednesday that GM Financial intends to create its own floor planning program for franchise dealers. The company hopes to have at least a pilot program in place by the end of this year. “There are not many […] [Read More]

While analyses from two different firms point to differing perspectives on automaker incentive spending, one thing appears to be quite clear: automakers were quite averse to laying down incentives during May. According to a report from Edmunds.com, they were particularly hesitant to put incentives on small cars as demand for these units climbed in light […] [Read More]

CarGurus scoured more than 1,000 written reviews posted on its website during the past six months and found five clear reasons why some dealers are loved by shoppers while also listing the top five reasons why some dealers are found to be not so appealing. Site officials discovered poor communication and deceptive business practices were […] [Read More]

Members of the New England Motor Press Association and WheelsTV’s writers and analysts on Tuesday revealed the 2011 WheelsTV POV of the Year — presented annually to one generation of a pre-owned vehicle. The year’s honor went to the Ford Fusion from the 2006 through 2009 model years. To qualify for the award, officials explained […] [Read More]