In the latest development involving the pursuit of Dollar Thrifty Automotive Group, the Tulsa, Okla.-based rental company and Hertz Global Holdings said late last week they will cooperate as Hertz seeks the regulatory green light from the Federal Trade Commission regarding its offer to purchase Dollar Thrifty. Hertz proposed an exchange offer for all outstanding […] [Read More]

Altamont Capital Partners’ recent purchase of J.D. Byrider recently gained more financial support through a debt investment by Prospect Capital Corp., a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital is injecting $25 million into the deal. Altamont plans to provide Byrider with strategic direction, experienced resources […] [Read More]

Online ad technology company Netsertive recently created a new solution aimed to help dealerships. Netsertive stressed its new offering is in response to the growing need for dealers to better target local consumers and be discovered online, even as they primarily do business “offline.”  Netsertive’s technology platform, time-tested in several other similar industries, specifically addresses […] [Read More]

Subaru of America revealed its new senior vice president of sales late last week, appointing Bill Cyphers to the post. The longtime Subaru executive has worked in several roles for the company since joining in 1984, the most recent of which was his position as regional vice president of the Eastern region. Other vice president […] [Read More]

In response to how online ad protocol is changing, Chrysler’s entire interactive Web advertising campaign now has a full disclosure application. What is it meant to do? The automaker says it’s to inform consumers on how their information is being captured. Chrysler explained that each of its brands has become fully engaged in the use […] [Read More]

For Geoff Helby, the love for cars is deep. Saying he always needs to be around cars and calling them his “passion,” the former director for J.D. Power and Associates’ Power Information Network in Canada now has another opportunity to explore the business for which he has so much excitement. Earlier this month, Helby stepped […] [Read More]

April marked another increase in the Canadian dollar’s value versus the U.S. dollar, which led to wholesale prices in Canada falling close to 2 percent on a month-over-month basis, according to RVI Group. Despite climbing 12.5 percent year-over-year, Canadian wholesale prices dropped 1.8 percent sequentially. [Read More]

Hyundai Canada’s certified pre-owned program may have just made its debut this week, but the preparation for the automaker’s Canadian CPO offering has been years in the making, Hyundai Canada remarketing manager Alex Johnston told Auto Remarketing Canada. “Hyundai Canada has been studying the potential for a CPO program for quite some time. We’ve worked […] [Read More]

Everything old is new again. Anyone who has been in the car business long enough knows that saying to be true. Both good times and challenging times are cyclical, and most of the crises we face today have been seen before. For a veteran dealer like me, that’s a good thing. It means I’ve sold […] [Read More]

The end to the fiscal year for Nissan was somewhat of an enigma. The Japanese automaker was in the midst of wrapping up the most successful year for global vehicle sales in its history when the March 11 disasters in Japan put Nissan and its island nation peers temporarily back in “recovery mode,” as president […] [Read More]