PARK RIDGE, N.J. — A new online program from Hertz that can help quell some of the used-vehicle purchase trepidation among shoppers by giving them a three-day test drive has been picking up steam as of late, according to the company. Specifically, Rent2Buy is currently offered in 18 states, and that number is likely to be […] [Read More]

FORT MYERS, Fla. — "We're trying to do more with less." That's the motto by which O'Brien Hyundai has thrived, as of late, as the auto environment and a downtrodden economy continue to present challenges, said the store's general manager, Gary Matern. "That's what most manufacturers and businesses are trying to do," he told Auto Remarketing in […] [Read More]

NEW YORK — The National Automobile Dealers Association revealed Tuesday that a speech by Chrysler Group chief executive Sergio Marchionne will kick off the Automotive Forum 2010. The event is sponsored by NADA and IHS Global Insight and hosted by the New York International Auto Show. It also will include more than 25 other top industry executives. […] [Read More]

RICHMOND, Va. — On Tuesday, CarMax unveiled the grand prize winner in its "Tweet Yourself to a New Ride" contest it conducted on popular social networking site Twitter. Winning $25,000 to put toward a used-vehicle purchase from CarMax was Stephanie Beck, who hails from Pensacola, Fla. To participate in the contest — which lasted eight weeks — consumers simply visited […] [Read More]

MONTVALE, N.J. — Even in the midst of wintry weather and recalls, the year-over-year CPO decline subsided a bit in February and certified sales actually climbed more than 4 percent from the previous month. Specifically, there were 114,655 CPO sold during February, according to Autodata Corp., marking a 9.9- percent dip from the prior-year period. However, […] [Read More]

TORONTO, Ontario — In response to Jeff Watson, MP for Essex, calling for an investigation into the automaker's recalls, Toyota Canada said late last week that it would be happy to participate in a hearing with the Standing Committee on Transport, Infrastructure and Communities. "As part of our continued efforts to communicate openly and broadly with all […] [Read More]

DEARBORN, Mich. — Ford Credit Canada announced that one of its subsidiaries has moved its vehicle leasing business over to an Ontario limited partnership. Basically, in late February, Canadian Road Holdings transferred its entire leasing business to Canadian Road Leasing Co. Canadian Road Holdings has a 99 percent limited partnership in the leasing partnership. Then, Canadian […] [Read More]

RED DEER, Alberta — Though loan originations and net income were down year-over-year in its most recent quarter, RIFCO saw a drop in delinquency rates for the first time in five quarters and said the company is still on pace to show full-year profitability for the fourth straight time. Specifically, net income for the third quarter ending […] [Read More]

SOUTHFIELD, Mich. — R. L. Polk & Co. rolled out a new Web-based system on Wednesday meant to aid dealers and direct marketing agencies when ordering lists for use in vehicle sales and service campaigns. Company officials hailed Automotive Lists Online as a system that can identify consumers that are most likely to own a particular […] [Read More]

SANTA MONICA, Calif. — Edmunds.com is prepared to give $1 million to whoever can crack the mystery of unintended acceleration in recalled Toyota vehicles. The site announced preliminary plans this week to reward researchers who can accurately address the situation that's confounded automaker executives and government experts alike. Officials are challenging participants to demonstrate in a […] [Read More]