On Tuesday, Hertz Global Holdings announced the sale of 50 million shares of common stock by the investment funds associated with Clayton, Dubilier & Rice LLC, The Carlyle Group and Bank of America Merrill Lynch that currently hold shares of common stock to Goldman, Sachs & Co. as the sole underwriter in the registered public […] [Read More]

The executive committee of the California Association of Collectors accepted the resignation of president Jerry Greenblatt so he could focus on his health. The association mentioned Greenblatt has faced a number of health challenges in recent years and most recently suffered a stroke. Officials described Greenblatt as a champion of the association within the state […] [Read More]

As fuel costs climb, American Recovery Association leaders concede repossession agencies are “being dragged to the alligator pits under the weight of the recent fuel price increases.” As a result, ARA insisted it has been researching various fuel surcharge formulas since February that could be applied to the association’s business model. “Although it may not […] [Read More]

Along with entering a new credit facility, Dealer Services Corp. of Indiana recently consummated the offering of $252.2 million of asset-backed securities due in 2014. Company officials explained the securities — issued through DSC Floorplan Master Owner Trust — are composed of $225 million of senior-secured notes and $27.2 million of subordinate-secured notes. They mentioned […] [Read More]

LeaseTrader.com recently discovered its users aren’t offering much of an incentive for another individual to take over their Toyota Prius contract. In fact, site officials determined cash incentives from drivers looking to unload their Toyota Prius lease contract are averaging near zero, down sharply from an average of $450 in January. As a comparison, LeaseTrader.com […] [Read More]

Toyota’s rebound from negative recall ramifications appears to be gaining more steam thanks to the results of the spring 2011 Perceived Quality Study from ALG. The study showed Toyota’s perceived quality score rose 4 percent during the last six months and Lexus once again captured the luxury category’s highest perceived quality rating in 2011. On […] [Read More]

Spokespersons for both General Motors and Chrysler confirmed to Auto Remarketing this week that the two companies have both separately sued Allied Systems Holdings for allegedly withholding property of the respective automakers against their wills. In Detroit, GM filed a suit Monday against Allied Systems in federal court. Meanwhile, Chrysler filed its suit Tuesday in […] [Read More]

With a projected ratio of two used-vehicle sales for every one new-unit sale this month, TrueCar.com indicated Thursday that March’s used-vehicle sales total is likely to be 2,459,891 — a figure that includes transactions by franchise and independent dealerships as well as private-party sales. If that estimate holds, the site calculated the total would represent […] [Read More]

Used-vehicle prices in Canada are on the cusp of a hike, according to the Automobile Protection Agency, which said in its Annual Review of the Auto Industry this week that the cause of these impending increases will be the fact that supplies are limited. “Ford, GM and Chrysler virtually stopped leasing new vehicles three years […] [Read More]

Hockey fans are in for a special treat at this year’s Auto Remarketing Canada conference, organizers of the events announced recently. All those attending Auto Remarketing Canada: Canada’s Used-Car Conference are invited to an evening of fun and games at the Hockey Hall of Fame on April 13 following the conference reception. This unique event, […] [Read More]