After years of a back-and-forth saga involving three companies, a move has officially been made. Hertz Global Holdings and Dollar Thrifty Automotive Group announced Sunday that the two companies have entered a definitive merger agreement. Under this deal,  Hertz would purchase Dollar Thrifty for $87.50 per share in cash, translating into a purchase worth a […] [Read More]

Despite concern from the Independent Automobile Dealers Association of California about how state legislators still do not have firm classification of what a buy-here, pay-here dealer is, bills are continuing to work their way toward becoming law in the Golden State. Repeated opposition from IADAC and others has done little to keep a trio of […] [Read More]

Five new locations in five separate states were recently added to the growing number of automobile dealerships throughout the country now offering CarMark Certified Pre-Owned vehicles to consumers, announced today by Bill Zadeits, manager of POADA, which owns the CarMark Certified program. [Read More]

While the expectations may hurt used-vehicle sales, the August new-vehicle sales projection by Kelley Blue Book as well as the forecast developed by J.D. Power and Associates’ Power Information Network and LMC Automotive show franchised dealers are continuing to move new metal at greater rates — possibly the highest clip in more than four years. […] [Read More]

A new report released by Maritz Research recently claims that four in 10 customers are not even test driving their cars before purchasing. This is an astounding number of consumers, even if half of them didn’t tell the truth. This phenomenon of customers bypassing the test drive can actually cause a backlash of issues for […] [Read More]

Gas prices are rising, but this time around, shoppers don’t seem very worried. According to Dataium’s July Automotive Shopper Index report, despite fuel rate spikes, interest in trucks continues to gain ground. And the Chevrolet Silverado led the pack, ranking highest in ASI for new vehicles: a first for the domestic OEM. [Read More]

In today’s auction world, where bidders can be physically present in the lanes or bid live via Internet, ServNet Auctions is pausing to remember the origins of simulcast technology, and its impact on the industry. ServNet chairman Jeff Brasher says not all dealers welcomed online sales at first. “Pioneering simulcast technology involved tremendous vision, and […] [Read More]

One in five children are hungry in the Detroit metro area, and thousands of Chrysler employees took to the streets to collect food for the fight. The automaker partnered with United Way for Southeastern Michigan to gather food donations and raise awareness for underused summer meal programs, serving up more than 100,000 meals for children […] [Read More]

CARY, N.C. — Five new locations in five separate states were recently added to the growing number of automobile dealerships throughout the country now offering CarMark Certified Pre-Owned vehicles to consumers, announced today by Bill Zadeits, manager of POADA, which owns the CarMark Certified program. The five new CarMark dealerships are Todd's Car Team, 3744 […] [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;} ATLANTA — Continuing a pattern discovered by the two other major credit reporting agencies […] [Read More]