Touting a rather robust fourth quarter and an all-time high for full-year profit, Dollar Thrifty said it closed 2010 with its eighth straight quarter of double-digit year-over-year corporate adjusted EBITDA gains. Specifically, quarterly corporate adjusted EBITDA came in at $30.2 million, up more than 15 percent year-over-year. “This quarter marks our eighth consecutive quarter of […] [Read More]

Should dealers rush out to fill their inventories with fuel-efficient models because of this week’s gas price movements? Maybe not, if reasoning from Edmunds.com has merit. The company stressed that the biggest one-day gain for oil prices in more than two years may focus more of America’s attention on rising fuel costs. But site analysts […] [Read More]

Hertz Global Holdings closed 2010 with quite a fourth-quarter financial turnaround, making significant improvements in adjusted pre-tax income, adjusted net income and worldwide revenue. Along with speculating on how this year might unfold, the company shared this week that its fourth-quarter worldwide revenues came in at $1.8 billion, an increase of 5.5 percent year-over-year or […] [Read More]

What has Forbes found to be the most value-packed cars? In the midst of rising gas prices, leading the pack on the list from Forbes were compact cars. In fact, this segment was represented by vehicles in three of the top four spots, including the No. 1 model on the list: the Mazda2. The Nissan […] [Read More]

Canadian auto finance company RIFCO recently announced record financial results for the third quarter ending Dec. 31, 2010, including record revenue, record net income, record loan originations, record managed assets, record low interest costs, record book value per share and a record of $90 million in available credit facilities. The company also noted that it […] [Read More]

TrueCar.com’s February used-vehicle sales forecast looked mixed when compared to the previous month as well as how the industry performed a year ago. Site analysts believe February used-vehicle sales will total 1,710,750 units, a figure that combines the activities of franchise and independent dealerships as well as private party sales. That total would mark a […] [Read More]

A swift bounce-back from the winter storms that plagued large parts of the U.S. this winter has helped push what J.D. Power and Associates predicts will be a sequential increase in the new-vehicle retail selling rate during February. Based on the February’s first 11 selling days, J.D. Power is projecting the month’s seasonally adjusted annualized […] [Read More]

In a recent entry on his Velocity 2.0 blog, vAuto founder and chairman Dale Pollak employed what he calls a well-known car business adage — “popcorn cars” — and took it a step further to stress the importance in each of the various “ingredients” to strong used-vehicle sales. He explained that just as one must […] [Read More]

Online auto shopping activity aggregator Dataium revealed on Monday its Auto Shopper Intensity Index for January, which remained on the upswing in the midst of robust auto sales. On an individual vehicle basis, the used vehicle with the strongest ASI was the Honda Accord, while the BMW 328 was tops on the new-car side. Overall, […] [Read More]

Seen as a way to encourage as many repossession agencies as possible to participate, the American Recovery Association extended the deadline for companies to submit data for its next industry scorecard. Pitched as an initiative to compete against forwarding companies, agencies now have until March 15 to gather information about company activity from Jan. 1 […] [Read More]