With new-vehicle sales expected to hit their highest level in five years, it has left some automakers “virtually out of stock” of some hot-selling vehicles, according to the 24/7 Wall Street website. In light of this dynamic, the publication has released a list of “Cars So Hot They Are Out of Stock,” a collection of […] [Read More]

Pulling up to Hyundai headquarters, a man pulls out a black ski mask and quickly puts it on. The suspicious character climbs out of the car and works his way to the fences surrounding the facilities, carrying some heavy bolt-cutters. The mission? To steal the corporate drift car. The catch? The thief has Hyundai’s permission […] [Read More]

Offering a twist on all of the announcements lately regarding the best new models of 2012, Edmunds’ InsideLine.com has taken a different route. Topping the list for the “100 Worst Cars of All Time” is the 2001 Pontiac Aztek, according to the site. Just why has this unit earned this not so coveted title? According […] [Read More]

Edmunds.com revealed Tuesday that it has promoted three long-time executives. In a reorganization, former chief executive officer Jeremy Anwyl will be stepping into the role of vice chairman of the company. Anwyl has been with the Edmunds.com since December 1999, first as chief operating officer. “The new assignment allows him to focus on further strategic advancements,” […] [Read More]

Turns out, the most-researched new vehicles of 2011 on Kelley Blue Book’s website all are manufactured by the top five brands with the greatest share of market interest for this year. KBB’s top five brands with greatest share of market interest among new-vehicle shoppers included: 1. Toyota with 14.2 percent. 2. Ford with 13.5 percent. […] [Read More]

November marked another month of sequential wholesale value declines, but the month-over-month slide slowed down and prices maintained their lead over year-ago levels, according to the latest Guidelines report from NADA Used Car Guide. Overall, used vehicles (up to five years old) saw their prices fall 0.4 percent on a month-over-month basis in November. However, […] [Read More]

AutoNation revealed Tuesday that it has contributed to a new community focused scholarhip program at Nova Southeastern University to benefit students who are financially and otherwise disadvantaged. With significant founding gifts from AutoNation, founder Wayne Huizenga and Marti Huizenga, the Pathway Scholars program was launched to aid students enrolled in the H. Wayne Huizenga School […] [Read More]

Tight supply and high wholesale prices have caused many a headache for the used-car business this year, but one particular industry segment may give dealers a bit of financial relief while still helping them meet their used supply needs, according to Kelley Blue Book. The company stressed in its Blue Book Market Report that in […] [Read More]

For the second year running, quality continues to be the most influential factor for used-car buyers over price, according to CarMax. The company completed a recent survey that asked consumers to choose which of the following factors most influenced their car buying decisions: quality, price, safety, resale value or environmental factors. CarMax’ findings showed that more than double […] [Read More]

Dollar Thrifty Automotive Group revealed Monday that it has appointed its president and chief executive officer as chairman of the board of directors. Scott Thompson will assume the role from Richard Neu, who will remain on the board as lead independent director. The company noted that the changes are effective immediately. This news comes on […] [Read More]