USAA, a financial services provider for the military community, unveiled its first “Best Value” vehicle list that names the top 2011 models in 16 segments based on quantitative data used in USAA’s proprietary rating system. The list incorporates a mix of domestic and foreign units, including three units from Chevrolet and two apiece from Hyundai, […] [Read More]

CLR Auto Transport launched a new division on Tuesday dedicated to commercial fleet transportation, transfer services and vehicle storage. Company officials indicated this new division will be known as Fleet Care Transport and will be headquartered at the CLR Auto Transport office in Merrillville, Ind. Fleet Care Transport intends to provide professional driver transportation and […] [Read More]

Copart recently announced that its UK subsidiary Copart UK Limited has completed the acquisition of privately held Hewitt International. Hewitt International, founded in 1946, is a vehicle salvage business with a strong focus on agricultural vehicle auctions. The purchase of Hewitt International will bring to members of www.copart.co.uk a larger range of agricultural equipment and […] [Read More]

On Tuesday, Hertz Global Holdings announced the sale of 50 million shares of common stock by the investment funds associated with Clayton, Dubilier & Rice LLC, The Carlyle Group and Bank of America Merrill Lynch that currently hold shares of common stock to Goldman, Sachs & Co. as the sole underwriter in the registered public […] [Read More]

Nissan Americas today announced that Jose Valls will join the company as regional vice president, Commercial, Nissan Mexicana, effective April 1. In his new assignment, Valls will report to Jose Munoz, president and general director, Nissan Mexicana, and be responsible for the company’s commercial activities in Mexico. Valls will oversee the company’s ongoing efforts to […] [Read More]

CarMax rolled out a new online tool in a pair of North Carolina markets Monday that attempts to give shoppers the chance to complete more of the buying process at their convenience and from any computer before arriving at the store. CarMax EasyShop was launched exclusively in Raleigh and Fayetteville and officials highlighted more than […] [Read More]

Fiserv announced Monday its top performing auction of the year. Taking home the top honor is Manheim Harrisonburg. Fiserv noted this auction finished second for 2006 through 2009 and has been consistently in the top three since the company began the rankings. The company also revealed it managed the remarketing of 55,000 vehicles in 2010. According […] [Read More]

Zacks Investment Research thinks the worst of the supply disruptions for the auto industry have yet to come. Dealers in the U.S. are questioning what models and colors will likely be available for customers in the coming months, while others are wondering just how quickly suppliers can get back up running. Reports are even starting […] [Read More]

In separate campaigns, two foreign automakers are recalling a pair of 2011 models. The larger of the two comes from Volkswagen of America, which announced Monday it’s recalling 71,043 Jettas in the U.S. and another 19,496 Jettas in Canada. The units are being summoned in order to reconfigure a wiring layout associated with the anti-theft […] [Read More]

Franchise dealers in nine markets are in the closing stages of the Nissan Now Sales Event that includes various sales and lease incentives on five different models. Stores in Atlanta, Chicago, Dallas, Houston, Los Angeles, New York, Miami, Philadelphia and Washington, D.C., are promoting the deals through Thursday. The available incentives include: —2011 Sentra with […] [Read More]