Dollar Thrifty Automotive Group offered a revised guidance for full-year Corporate Adjusted EBITDA and fleet costs projections on Tuesday, while also giving its preliminary expectations for its first quarter 2011 performance. More specifically, Dollar Thrifty believes that its Corporate Adjusted EBITDA will come in between $235 million and $260 million, when merger-related costs are taken […] [Read More]

Kelley Blue Book’s Kbb.com said Tuesday that it has achieved a download milestone on the mobile application front. Combined, there have been 1 million mobile Kbb.com apps downloaded by users of the iPhone, Android and Windows Phone 7 mobile devices. KBB’s Facebook page began featuring these three apps (iPhone, Android and Windows Phone 7) on […] [Read More]

Greensboro Auto Auction is commemorating 25 years of business next month with a sales event and giveaways totaling more than $40,000. The event is slated for April 6 and will include consignment from the following: —Ford Motor Credit —Chrysler Financial —GMAC —Kia Motors —Mitsubishi —Hyundai —Bank of America —DriveTime —DT Credit Corp —Avis —Hertz —Enterprise […] [Read More]

An automotive group based out of the Southwest has expanded upon its footprint in Arizona, bringing Five Star Ford dealership in Scottsdale, Ariz., into its network. With the latest addition, Chapman Automotive Group, based out of Chandler, Ariz., now includes 19 dealerships in Arizona along with its pair of stores in Nevada. Chapman chief executive […] [Read More]

While auto shopping activity still moved upward in February, the degree of growth has started to subside, according to Dataium, which said shopping activity may actually fall into a decline, given some of the economic drivers and ongoing world events. And through the first two weeks of the month, Dataium’s Automotive Shopper Intensity Index for […] [Read More]

Hyundai is recalling a multitude of Elantra models for two separate issues related to sensors for air bag deployment in the vehicle’s front seats. According to the National Highway Traffic Safety Administration’s website, the recall includes 188,697 Elantra units from 2007 through to 2009 to fix an air bag condition on the passenger side. Meanwhile, […] [Read More]

While it may seem like consumers would be inclined to hop out of larger SUVs and trucks during gas-price hikes like the one currently permeating the U.S., Americans haven’t lost their “appetite” for these heftier models, according to data from LeaseTrader.com and Edmunds.com. In fact, LeaseTrader surveyed 500 drivers who — spurred by high fuel […] [Read More]

A veteran communications executive who has held roles with a pair of domestic automakers was named as Volkswagen Group of America’s executive vice president of group communications Monday. Taking the position effective immediately is Tony Cervone,  who will report to Jonathan Browning, president and chief executive officer of Volkswagen Group of America, and will be […] [Read More]

The National Automobile Dealers Association’s online education and training resource launched a new supportive website on Monday containing videos designed to help things run a bit smoother at dealerships. Connected with NADA University, the association explained that the videos on the new site can help dealers resolve business challenges and create new opportunities for success. […] [Read More]

Hertz Global Holdings recently announced its wholly owned subsidiaries, Hertz Corp. and Hertz Equipment Rental Corp., have completed the refinancing of their existing senior secured credit facilities. They have come under a new $1.8 billion asset-based revolving credit facility and a new $1.6 billion senior secured term loan and letter of credit facility. Hertz indicated […] [Read More]