Consumers are buying and leasing based on need more than desire these days. Moreover, they also have become less loyal to specific dealers and brands, according to a recent study by Chrome Systems. These were just some of the many findings of the 2010 Chrome Consumer Survey, a study conducted to track how consumers have changed […] [Read More]

In today’s transient society we see people moving from residence to residence, from city to city and from state to state. The financial and collection divisions of automobile sales companies are faced with a major obstacle: “What do we do when mail returns and we do not know where our secured collateral is located?”   [Read More]

Research by AutoTrader.com reveals that women influence more than 80 percent of all vehicle purchasing decisions and are the sole buyers of more than 50 percent of all vehicles sold in the U.S. To capitalize on this trend and help female buyers become more comfortable with purchasing, AutoTrader.com announced the launch of two initiatives. The […] [Read More]

After both Hertz and Avis Budget Group learned that Dollar Thrifty Automotive Group shareholders voted against the Hertz merger, both reacted by speaking out. Hertz confirmed its earlier statement that it will no longer seek to acquire DTAG. [Read More]

Incentive levels in September were lower than what is usually expected this time of year and the approaches that automakers used for their incentive programs were quite wide-ranging, according to Edmunds.com. Automakers spent an average of $2,576 per vehicle sold on incentives during the month, which is 4.6 percent softer than the August level. Against […] [Read More]

Though details regarding net income are not made available by the private company, Enterprise Holdings said late last week that the profit improvement it made in fiscal 2010 was an all-time high. And with the smooth transition the Alamo Rent A Car and National Rental brands have made as well as the anchor Enterprise Rent-A-Car […] [Read More]

In late breaking news out Thursday, Dollar Thrifty Automotive Group’s shareholders voted against a merger with Hertz. According to Bloomberg, the vote came in at 13.8 million shares against the Hertz bid, compared with 11.8 million shares in favor. The vote took place during a special meeting in Chicago that began at 11 a.m. and didn’t […] [Read More]

Experian Automotive revealed two clear trends during its quarterly automotive insights Webinar this week. Drivers are keeping their vehicles longer, while more units on the road are not covered under a warranty. While the warranty drop-off could lead to more activity in dealership service bays, Experian’s director of consulting and analytics Jeffrey Anderson wondered what […] [Read More]

Although there has been some slowdown in the last week of September from the rapid new-vehicle retail sales that opened the month — leading to what’s projected to be a softer-than-predicted seasonally adjusted annualized rate — the market is becoming healthier and still making strides, according to J.D. Power and Associates. Specifically, the SAAR for new-vehicle retail […] [Read More]

A Florida repossession agent skirted serious injury when an individual reportedly opened fire with an automatic weapon. And in a twist, it was the alleged shooter who ended up with a bullet wound. A report posted by NBC Miami detailed how a 21-year-old North Miami Beach man faced criminal charges along with a non-life-threatening injury […] [Read More]