The cost to drive a sedan each year is more than 3 percent higher than it was a year ago, according to AAA, which said that depreciation expenses, in particular, have jumped almost 5 percent year-over-year and remain the heftiest expense for drivers. Specifically, AAA’s “Your Driving Costs” study — which was released Tuesday — indicated […] [Read More]

According to Edmunds.com, sales of new hybrid and electric cars climbed by a significant amount in the first quarter when compared to traditional vehicle sales. More specifically, the company discovered hybrids and electric car sales soared 37 percent in the first quarter of 2011. The growth outpaced sales of traditional gas-powered cars and trucks whose […] [Read More]

TrueCar said Tuesday that it will gain a “significant” equity investment from direct marketing company Guthy-Renker, and officials said the broad partnership can help TrueCar expand its visibility beyond the Web via TV, print and radio advertising channels as well as other mediums. Dealers coming aboard the TrueCar certified network will be able to tap […] [Read More]

The fleet group at Mercedes-Benz USA has a new national account manager for the South and Mid-Atlantic, the company told Auto Remarketing this week. Joining the automaker is Tedd Meurer, whose area will include Washington, D.C.; Virginia; West Virginia; North Carolina; South Carolina; Georgia and Florida. As national account manager, his duties include heading up […] [Read More]

On Tuesday, PSCars.com announced that it is debuting a new online vehicle shopping portal at the Digital Dealer Conference & Exposition. The new platform is designed to give dealers a new way to showcase their stores and inventories online and sell more effectively. “Our goal is to transform the online vehicle buying and shopping process […] [Read More]

Copart announced a new online sweepstakes this week hosted on Facebook that is designed to speak to all drag racing fans. Between March 31 and Nov. 14, 2011, fans who "like" the Copart Racing Facebook page can enter to win the "Copart Racing Ultimate VIP Experience." This grand prize sweepstakes offers an all expenses paid […] [Read More]

Representing the first bonus payout in three years, Ford is ready to reward president and chief executive officer Alan Mulally and other top executives handsomely for the turnaround the automaker has enjoyed. According to the automaker’s proxy statement filed with the U.S. Securities and Exchange Commission, Ford is about to give Mulally a total package […] [Read More]

Organizers of Auto Remarketing Canada 2011 — Canada’s Used Car Conference, which will be held next week in Toronto, recently released an updated version of the attendee list, available on the conference website at arcanada.autoremarketing.com.   [Read More]

Along with its chairman and chief executive officer offering his thoughts on stifled supply because of the disasters in Japan, AutoNation on Monday revealed its March retail new-vehicle unit sales totaled 22,246, marking a 19-percent jump from the same months a year ago. Retail new vehicle unit sales in March for AutoNation’s operating segments were […] [Read More]

On Monday, Carfax announced it’s launching a new dealer program to help differentiate its dealer partners who are “committed to transparency." Through the Carfax Advantage Dealer Program, participating dealers can set themselves apart from their competition, according to officials.   [Read More]