About three weeks after a report surfaced in late August saying that KAR Auction Services reportedly had exploratory talks about a possible leveraged buyout, Reuters had more to say on the matter Wednesday. [Read More]

In the latest step of the Hertz-Dollar Thrifty deal announced last month, Hertz Global Holdings said Monday that it has initiated a cash tender offer to buy all outstanding shares of Dollar Thrifty Automotive Group’s common stock. The two companies entered a definitive merger agreement on Aug. 26, as reported previously in Auto Remarketing.   [Read More]

Dealer Services Corp., of Indiana promoted its regional director to a new position on Monday. As the company’s new vice president of operations, Alan Lang will be responsible for leading the company’s market portfolio strategies and field operational structure.  “DSC is committed to providing unparalleled support to our field representatives and the markets they serve,” […] [Read More]

Salesforce.com has announced the addition of its new chief automotive officer, appointing a longtime leader from Nissan and Renault. Joining salesforce.com as executive vice president and chief automotive officer is Patrick Pelata, who will be responsible for leading the company’s strategy for delivering social and mobile cloud technologies to the automotive industry. Pelata has 28 […] [Read More]

Ford Motor Company announced this week that the company, along with its employees and dealers, will donate more than $1 million this year to Kentucky nonprofits. More than $1.2 million in donations will go to nonprofits in the Louisville, Ky., and Lexington, Ky., areas this year, as part of Ford’s new Operation Goodwill partnership with […] [Read More]

There has been a new landmark reached at OVE.com. Officials with the website announced last week that OVE.com recently achieved a growth milestone of 150 independent auction partners. In celebration of the milestone, OVE.com will continue its “Strive 4 Five” promotion. This program applies to dealer-to-dealer transactions and gives partners selling via OVE.com financial incentives. […] [Read More]

Experian Automotive discovered that new-vehicle leasing continued on a steady pace during the second quarter, coming in with a level similar to what the industry has generated outside of the worst point of the recent recession. Analysts determined leasing represented 24.40 percent of all new-vehicle financing during the second quarter. That level was on par […] [Read More]

As new- and used-vehicle sales strengthened, the Manheim Used Vehicle Value Index for August showed that wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined for the fifth consecutive month. The August reading slipped to 120.7, which is down 2.4 percent from a year ago. However, when looking month-over-month, Manheim chief economist […] [Read More]

During a span that included recalls and ramifications from the Japanese earthquake and tsunami, Kelley Blue Book discovered the Toyota brand dominates new-vehicle shopping activity on Kbb.com when examining shopper loyalty and share-of-voice data from the past three years. Since the first quarter of 2010, KBB indicated, Toyota has claimed the top spot for shopper […] [Read More]

How will Facebook help me with sales? Does social networking really make a difference when it comes to customer/dealer relationships? How can I best engage customers through posts? As many dealers continue to ask similar questions amid Facebook gaining more and more popularity among vehicle shoppers, digital solutions company Jumpstart Automotive Group aims to address […] [Read More]