SANTA MONICA, Calif. — In the pickup truck market — which is believed by some to reflect the shape of the nation's economy — there appears to be some good signs for automakers, according to Edmunds.com. The site noted that the large truck segment commanded its largest share of the U.S. new-vehicle market at 12.4 percent in nine […] [Read More]

IRVINE, Calif. — Which brand edged out Nissan to join the list of top-five most considered brands? According to Kbb.com, the answer is Hyundai. Hyundai pushed Nissan out of the top five as it climbed into this quintet for the first time, garnering 13 percent consideration and ranking fifth. Meanwhile, Ford is still top of the game […] [Read More]

REDWOOD CITY, Calif. — OPENLANE chief executive officer Daniel Farrar looked to quell any apprehension from recovery agencies about the online auction company's recent acquisition of Recovery Database Network. In describing the deal to Auto Remarketing, Farrar emphasized that "we expect it to go smoothly." "RDN will be a wholly owned subsidiary of OPENLANE, so for […] [Read More]

CITRUS HEIGHTS, Calif. — Responding to its expanding market growth in the South and the East, Repo Remarketing recently bolstered its sales staff. Assigned to cater to clients in these regions is the company's newest executive account manager, Adam Hamza. Hamza's first industry experience came as his father worked at a dealership. His other professional roles […] [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]

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]

AUBURN HILLS, Mich. — Chrysler announced today that it will continue offering its 60-day pledge and national Tent Event promotions through the end of this month. To sweeten the pot, the automaker will also continue offering zero-percent financing via Ally Financial, as well. "Ally Financial continues to be an important partner to us, financing about 50 percent of our […] [Read More]

SANTA MONICA, Calif. — In the midst of automakers ramping up their efforts to clear out old-model-year new vehicles a month earlier than usual, incentive spending climbed in July, according to Edmunds.com. The site also indicated that incentive spending helped to bring about a significant increase in sales, as well. Specifically, the industry spent an average of $2,753 per […] [Read More]

TULSA, Okla. — In addition to announcing that his company is on pace to hit record profits this year, Dollar Thrifty Automotive Group's chief executive officer also publicly responded to Avis Budget Group's recent bid to acquire the company. Scott Thompson said the company looks favorably on the offer, with one or two hitches. In essence, Thompson said his board of directors need […] [Read More]