DealerTrack announced Thursday afternoon that it is acquiring the Web-based transportation and shipping network that includes CentralDispatch.com, jTracker.com and MoveCars.com. The company entered an agreement to purchase 1st Auto Transport Directory Inc., and it will likely pay about $74 million for the San Diego-based network. The deal will likely close in the third quarter, officials […] [Read More]

AutoNation explained to Wall Street observers on Thursday a strategy many dealers likely are employing nowadays. If a trade-in can be retailed, it’s going to be through any means available. In fact, president and chief operating officer Michael Maroone said the company transported 10,000 used units from one store to another during the second quarter. […] [Read More]

As both American Honda and Honda Canada explained a recall of nearly 200,000 units, Ford discussed the second recall in a week for the 2013 Escape. While the Blue Oval’s previous notice had to do with the Escape clearance for the gas pedal, Ford’s recall revealed on Thursday is even more severe as the automaker […] [Read More]

An economy that is apparently on steadier ground has brought good tidings for the new-vehicle market, but that may not be the case for the used-car business. Coupled with an older crop of vehicles on the road, perceptions of a stabilized economy are helping push many shoppers to new vehicles instead of used units, according […] [Read More]

Even as gas prices rise and fall, sales of hybrid and electric cars are doing much better than holding steady — they’re surging, according to a new Kelley Blue Book report. Sales of dedicated hybrid and alternative-energy vehicles saw a jump of 164 percent in June, even as gas prices declined, per the Kelley Blue […] [Read More]

Car dealers are doing business with increasingly educated buyers in today’s vehicle showrooms, due largely to technological tools that seem to make online shopping the new norm. And in one recent technology partnership designed to enhance the online buying experience for consumers, AOL and CarWoo this week announced their Best Offer deals, which connect buyers […] [Read More]

As car shoppers continue to increasingly turn to their phones to search for a new ride, AutoTrader.com revealed this week it has launched an enhanced mobile site. For the over 1 million consumers who visit the site each month from a mobile device, the company contends the new mobile offering offers “more advanced searching, sorting […] [Read More]

WASHINGTON, D.C. — Consumers clamored for fuel-friendly rides and dealers throughout the bulk of the country posted improvements in auto sales, according to the latest Beige Book report from the Federal Reserve. Some of the 12 Federal Reserve Districts also pointed to strong leasing levels and used-vehicle sales, specifically. Overall, the progress of auto dealers […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} NEW YORK — Veteran executives might remember negative ramifications from poor strategy some subprime […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} NEW YORK — Coming off of the lowest rate seen in the eight-year history […] [Read More]