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]

As the Web becomes more and more integral in the used-car marketplace, one particular site is offering sellers a free method to put their rides up for sale. GetCarValues.com is designed to connect sellers with pre-screened buyers to facilitate a cash sale “within hours.” Here is how it works. A seller can go to the […] [Read More]

NADAguides.com picked its Car of the Month for August this week by going with a luxury model, the 2011 BMW 535i. Site analysts explained the BMW 535i was chosen as the NADAguides Car of the Month for August based on exceptional overall design inside and out, smooth power, controlled and comfortable drive, responsive handling and […] [Read More]

FORT WORTH, Texas — GM Financial watched both loan originations and net income rise and delinquent receivables fall during the second quarter. Officials revealed its second-quarter net income came in at $95.8 million, up from the year-ago figure of $85.5 million. Looking at net income over a six-month span, the company said it generated $173.0 […] [Read More]

KANSAS CITY, Mo.  — CarHop recently celebrated relocating its Kansas City, Mo., store to a newly renovated space. After moving into the fresh building on July 29, company officials note that the location at 1115 E. Bannister Road will expand CarHop's “reach further into the surrounding community.” “This new space is just a perfect fit for […] [Read More]

ALEXANDRIA, Va. — July saw consumer bankruptcies fall substantially, continuing a downward trend in filings for the seventh straight month, according to the American Bankruptcy Institute. The rate of consumer bankruptcies decreased 18 percent nationwide during this past month, noted the ABI, utilizing data from the National Bankruptcy Research Center. “The continued decline in consumer bankruptcies […] [Read More]

FORT LAUDERDALE, Fla. — After spending five years as senior vice president of loan originations at Prestige Financial in Salt Lake City, Scot Seagrave has a new position with a different company. Seagrave has been hired by AFS Acceptance, a full-service auto finance company serving the subprime financing needs of franchise and independent dealers, as […] [Read More]