DealerRater has rolled out a new service powered by CarWoo that can help connect in-market consumers with dealers. With DealerRater’s Private Buy, consumer members can tap into the CarWoo MarketPlace, an anonymous online vehicle marketplace. Explaining how MarketPlace works, officials noted that a host of dealers provide offers, and the customer selects the best offer. […] [Read More]

At the 2011 SEMA Show, eBay Motors revealed the results from a poll that asked enthusiasts to weigh in on “all things auto.” With catagories like  best camshaft, to favorite muscle car — and even best movie car of all time — the 2011 People’s Picks survey garnered what the company is calling a “massive […] [Read More]

As Honda and Toyota run into production delays due to the Thailand floods, it appears Nissan could be well-positioned to gain ground. In fact, Nissan’s chief operating officer just raised the automaker’s full-year forecast on Wednesday. Though Toshiyuki Shiga took a cautionary tone, Nissan revised up its full-year forecast to net income $3.63 billion, based […] [Read More]

Hertz Global Holdings saw all of its bottom-line financial metrics soar during the third quarter, including worldwide revenues, adjusted pre-tax income and corporate EBIDTA. Hertz revealed this week that third-quarter worldwide revenues came in at $2.4 billion, an increase of 11.3 percent year-over-year (a 7.6-percent increase excluding the effects of foreign currency). The company said […] [Read More]

Though Honda and Toyota are still facing supply issues, as well as the new challenges from the recent flooding in Thailand, several import brands posted double-digit sales gains in October as international automakers, overall, climbed almost 7 percent, according to the American International Automobile Dealers Association. Specifically, import brands moved 554,369 new vehicles last month […] [Read More]

After being awarded the Chevrolet franchise in 1915, brothers Harold Benson and Ray Benson and their cousin Roy Benson drove nearly 300 miles from New York City to a tiny New Hampshire town in their first Chevrolet. Nearly 100 years later, and as one of the oldest Chevy dealerships in the United States, Benson Auto […] [Read More]

With used-vehicle sales potentially showing the highest October in four years, CarGurus released some news that might bring even more consumers to dealer’s lots. Its Used Car Price Index for this past month showed a slight dip in the average price of a used car, sitting at $19,278 — down 0.88 percent from September and […] [Read More]

The future is looking a bit brighter for Chrysler, and one particular website is saying these improvements may be partly attributable to a change in leasing. LeaseTrader.com claims that Chrysler — which moved 114,512 new units last month — has perhaps benefited from gains in leasing activity, as well as improvements in how leasing is structured, […] [Read More]

LMC Automotive — a branch of LMC Group, an economic and business consultancy firm based out of the U.K. — revealed this week it has acquired the automotive forecasting division from long-time business partner J.D. Power and Associates. Commenting on the new acquisition, Pete Kelly, managing director of LMC Automotive, said, “We are very excited […] [Read More]

ATLANTA — The latest Equifax National Credit Trends Report declared auto finance companies have significantly increased lending. In fact, the growth is more than 47 percent during the past two years. Analysts discovered auto finance lenders outpaced bank and credit union lending to subprime borrowers during the past two years, as well. Equifax defines subprime borrowers as […] [Read More]