In his five years as Ford’s chief executive, Alan Mulally has testified before Congress, talked with reporters, delivered keynote speeches and addressed the shareholders of America’s second-largest automaker. But earlier this week, he faced a speaking engagement of a different sort: an interview with dry-witted funnyman David Letterman. [Read More]

Mirroring impressive gains made by an industry competitor, Avis Budget Group highlighted jumps in revenue, adjusted EBITDA and more during the second quarter. Avis determined its revenue came in at $1.4 billion, an increase of 9 percent compared with the same period a year ago. This increase is primarily due to an 8-percent rise in […] [Read More]

NADAguides.com said Thursday that it has seen traffic to its new- and used-car section climb 10 percent since Jan. 1, a trend it believes follows the growth in the overall new-market this year. In addition to this 10-percent hike in unique visitors to the site, NADAguides.com saw 12-percent year-over-year traffic growth for the month of […] [Read More]

Selig Technologies announced Thursday that its VIN Viper Mobile Application Suite now is available on another platform. Along with functionality on iPhone and Windows mobile platforms, VIN Viper also can operate on Android. Selig recapped that VIN Viper is a mobile appraising tool designed to enable dealers to scan a vehicle identification number and instantly […] [Read More]

In less than two months, the South Dakota Independent Auto Dealers Association will host a two-day conference in the historic Western town of Deadwood, S.D., where attendees will be treated to presentations on best practices from a slew of industry leaders as well as a Las Vegas-style theme and entertainment. “Las Vegas in Deadwood – […] [Read More]

Sergio Marchionne appears to plan on remaining the top boss as Chrysler/Fiat until at least 2015. Appearing Wednesday at the 2011 CAR Management Briefing Seminars, Marchionne pulled out all sorts of references — from quoting a French philosopher to depicting how geese fly — to describe how the automaker has rebounded from the brink of […] [Read More]

Although the wholesale market this past week was close to echoing the same trends spotted the week before, Black Book’s Ricky Beggs noticed a few things that made last week stand out. The total value adjustment (a downward movement of $82) and the proportion of adjustments that were increases (21 percent) and decreases (79 percent) […] [Read More]

Noting profitability has reached levels not ever seen before, Hertz Global Holdings highlighted its second-quarter financial performance this week, including jumps in revenue, adjusted pre-tax income and adjusted net income. The company’s second-quarter worldwide revenues came in at $2.1 billion, a 10.3-percent increase year-over-year. Hertz indicated worldwide car rental revenues for the quarter increased 9.8 […] [Read More]

Cars.com recently upgraded its mobile platform by integrating Carfax vehicle history reports into its mobile site, meaning history details can be delivered quickly to interested used-car shoppers on the go, potentially giving them more confidence to make a purchase. Here is how it is designed to work. When a shopper visits the Cars.com mobile site, the […] [Read More]

While a survey showed more than 20 percent of Millennial consumers — professionals ages 22 to 30 — plan to buy a used or new vehicle within the next year, sources of information used to determine what to buy vary between the men and women questioned. The survey orchestrated by Capstrat, a marketing, public relations […] [Read More]