DETROIT — In June, General Motors had 6,049 dealerships selling eight brands, with 87 brand combinations. After the arbitration process and Letters of Intent were sent out, the automaker says the new, smaller dealer network will be much simpler with about 4,500 dealerships, selling 15 brand combinations and four brands. While the new network is about […] [Read More]

FORT WORTH, Texas — Mercedes-Benz Financial will have a new head of remarketing beginning next month to replace Jeff Gartland, who is moving over to the company's business center operations to head up that segment on Sept. 1.  In turn, Horacio Trujillo was named to head up remarketing. He has been with the company since 1999. Trujillo has […] [Read More]

PARSIPPANY, N.J. — After what has been a very busy period for Avis Budget Group as new developments continue to emerge in its efforts to acquire Dollar Thrifty Automotive Group, the company's top executive said this week that in the second quarter Avis moved closer to achieving its margin and profitability targets. Avis' net income came in a $26 […] [Read More]

REDWOOD CITY, Calif. — The working relationship established earlier this year between OPENLANE and Recovery Database Network blossomed into an acquisition Thursday. OPENLANE chief executive officer Daniel Farrar revealed the online auction company has acquired RDN, a software platform provider that links auto lending institutions with recovery companies to expedite the repossession of vehicles.  Farrar went […] [Read More]

CARY, N.C. — With more than half of 2010 gone, readers of AutoRemarketing.com wanted to know what industry trends and analysis Manheim's Tom Webb revealed in his mid-year report. Also drawing plenty of reader interest this past week was an announcement about the National Automobile Dealers Association convention keynote speakers. The top five stories from AutoRemarketing.com this week […] [Read More]

CARMEL, Ind. — ADESA Dallas is offering a big thank you to its dealer customers next week with a two-day dealer appreciation sale. The event will kick off Wednesday at 2:45 p.m. (CST) with a new-car trade appreciation sale where a 2005 Cadillac will be up for grabs in a prize drawing. The drawing will take […] [Read More]

ARLINGTON, Texas — To address dealers' concern about rising vehicle transport costs, executives from uShip revealed earlier this week they were picked for the National Member Benefits Program of the National Independent Automobile Dealers Association. Basically, the inclusion means NIADA members now have customized access to finding specialized transporters on uShip, a Web-based shipping marketplace where […] [Read More]

CARMEL, Ind. — KAR Auction Services chief executive officer Jim Hallett had a positive tone toward the company's second-quarter performance, calling the period "very strong" during a conference call Wednesday morning. As far as overall results for the company, KAR had a corporate adjusted EBITDA of $131 million, up 14 percent year-over-year, while net income came […] [Read More]

PARK RIDGE, N.J. — Hertz Global Holdings — currently embroiled in a skirmish with Avis Budget Group to acquire Dollar Thrifty Automotive Group — didn't have the strongest quarter. The company incurred a net loss of $25.1 million. However, the company's chief executive officer said the "record performance" of its U.S. car rental segment highlights the strides made […] [Read More]

CARMEL, Ind. — Dealer Services Corp. of Indiana Wednesday revealed the company expanded its team of sales representatives into 10 additional dealer markets.  Executives emphasized this addition brings the total number of sales reps in DSC's business development team to more than 50, complementing the company's existing operations presence in 72 markets nationwide. The company indicated […] [Read More]