In the latest step of the Hertz-Dollar Thrifty deal announced last month, Hertz Global Holdings said Monday that it has initiated a cash tender offer to buy all outstanding shares of Dollar Thrifty Automotive Group’s common stock. The two companies entered a definitive merger agreement on Aug. 26, as reported previously in Auto Remarketing.   [Read More]

Dealer Services Corp., of Indiana promoted its regional director to a new position on Monday. As the company’s new vice president of operations, Alan Lang will be responsible for leading the company’s market portfolio strategies and field operational structure.  “DSC is committed to providing unparalleled support to our field representatives and the markets they serve,” […] [Read More]

Experian Automotive discovered that new-vehicle leasing continued on a steady pace during the second quarter, coming in with a level similar to what the industry has generated outside of the worst point of the recent recession. Analysts determined leasing represented 24.40 percent of all new-vehicle financing during the second quarter. That level was on par […] [Read More]

During a span that included recalls and ramifications from the Japanese earthquake and tsunami, Kelley Blue Book discovered the Toyota brand dominates new-vehicle shopping activity on Kbb.com when examining shopper loyalty and share-of-voice data from the past three years. Since the first quarter of 2010, KBB indicated, Toyota has claimed the top spot for shopper […] [Read More]

Toyota dealership employees will have a new place to train, as the OEM broke ground last week on a new classroom and service bay facility. Executives and associates at the Chicago Regional Office of Toyota Motor Sales, USA broke ground on the $4.9 million training center in Aurora, Ill., as part of a campus-wide building […] [Read More]

As organizers gear up for the second-ever event, small group breakout sessions are new to the Re3 Conference this year. Conference chairman Bill Zadeits said these sessions will offer attendees the opportunity to focus more closely on the technology and data topics of interest to them. During each of two workshop sessions, attendees will be […] [Read More]

Along with being listed among the Alberta Venture 250 for the first time, Carfinco Financial Group revealed this week that it is setting a record pace for loan originations during the first two months of the third quarter. Carfinco indicated its loan originations in July totaled $13.0 million, and the company said August was a […] [Read More]

According to a recent online survey from J.D. Power and Associates,  Canadian shoppers in the market for a new ride expect to go through four steps during the purchase-process and apparently, they have a very definitive timeframe in mind for each dealership interaction. And 15 minutes might be the magic ticket. [Read More]

Football season is now fully under way, following Wednesday night’s NFL season opener coming after the college campaign kicked off during the holiday weekend. And in the midst of this pigskin hoopla, Cars.com announced its list of the top vehicles for the 2012 tailgating season. The top tailgating car of the season according to Cars.com […] [Read More]

Private-party sales showed the greatest increase, franchised dealers increased used sales by more than 3 percent and independents saw their used sales fall 6.6 percent. That’s the word from CNW Research, which said Tuesday that, overall, August used-vehicle sales reached 3.87 million units for a 1.5-percent year-over-year uptick. Breaking it down, franchised dealers moved 1.48 […] [Read More]