In the midst of restricted supply and demand growth, average asking prices for used and certified pre-owned models continued to climb in August on a year-over-year basis, according to AutoTrader.com. The  segment enjoying the heaviest gains on both the used and CPO sides is the SUV category. Specifically, of the 20 most-searched used models on AutoTrader.com […] [Read More]

DrivingSales.com has brought in two more keynote speakers for its upcoming DrivingSales Executive Summit. Slated to share their insight are Scott Monty, Ford's global digital and multimedia communications manager, and Dan Zarrella, who wrote The Social Media Marketing Book.  It was previously announced that Jeremiah Owyang, a social media analyst, blogger and Web strategist, will also be […] [Read More]

Thanks to a new partnership between impreMedia, a news and information company that specializes in catering to the Hispanic population, and izmomedia, which provides auto business solutions, dealers will have another avenue this fall to reach a key group of shoppers: Hispanics. The two companies have teamed up to roll out an online auto portal for Hispanic vehicle […] [Read More]

On Sunday, Hertz and Dollar Thrifty Automotive Group announced a decision to amend their merger agreement to increase the purchase price per share. Moreover, Hertz announced it has begun divesting Advantage Rent-a-Car to speed along antitrust clearance. Due to the revised offer, the special meeting of DTAG shareholders has been postponed from Sept. 16 to […] [Read More]

Volkswagen Group of America revealed its new president and chief executive officer on Monday, and assuming that post starting Oct. 1 will be Jonathan Browning, who currently is tasked with the global directing of the automaker's national sales companies. Before his time with VW, Browning had a great deal of experience working for Big 3 […] [Read More]

Auto Auction Services Corp, parent company of AutoIMS, announced Monday it is in the process of testing an AutoIMS Hub. The Hub would expand the company's vehicle assignment and management toolset to allow for maximum inventory exposure and coordinated selling across the Internet and physical auction platforms. [Read More]

On Monday Reynolds and Reynolds Co. announced it has launched a new, special tool to help dealerships manage online specials. There is a small hitch: The dealer sites must be from Reynolds Web Solutions.   Officials said the first phase of the Special Administrations tool is designed to upgrade the look and feel for more intuitive use, in […] [Read More]

Daimler AG and Cerebus, two companies that owned Chrysler prior to its bankruptcy, are facing a class-action lawsuit that 450 former employees and managers filed late last week. One news report indicated that Lee Iacocca, a former chairman at the automaker, was among the plaintiffs. The suit was filed in Wayne County Circuit Court in […] [Read More]

The 2010 fiscal year was certainly an eventful one for Toyota Motor Corp., with the automaker shifting leadership, dealing with the challenges of safety recalls and the closing of the New United Motor Manufacturing Inc. plant, just to name a few hurdles. Reflecting on the fiscal year and looking forward to what lies ahead, Toyota's […] [Read More]

COLUMBUS, Ohio — Huntington executives revealed Tuesday they've doubled their market share since this time last year in four of the six states that encompass their auto lending footprint, including Ohio, Indiana, Kentucky, Michigan and Pennsylvania. Furthermore, the company also announced it has become the top dealer lender in both Ohio and Kentucky for the second […] [Read More]