Automotive Resources International recently promoted one of its executives to be business development manager of state and government fleets. Accepting this position was Cheryl Graham. ARI indicated Graham will act as the primary liaison between the various state agency clients and the operational departments within the company that provide state-specific maintenance, accidents, fuel and inventory […] [Read More]

As consumers, cell phone users, computer owners, Internet shoppers, online bankers and increasingly voracious consumers of all types of content, most people benefit from some form of electronic data interchange on a daily basis. We are literally surrounded with technology that allows us to exchange important data about our lives in a very routine manner. […] [Read More]

Chrysler revealed its November incentives this week, sharing the promotions that its dealer body can use this month to attract customers and spur sales. The automaker broke it down by division, beginning with its Ram Truck brand. Ram Truck [Read More]

With volumes increasing and cost-containment measures proving to be beneficial, Avis Budget Group showed a double-digit spike in net income for the third quarter. Specifically, Avis Budget’s net income improved 58 percent year-over-year to $90 million. When restructuring and transaction-related costs are taken out of the equation, adjusted EBITDA came in at $219 million, up […] [Read More]

Hertz Global Holdings extended its string of quarterly increases in adjusted pre-tax income to five in a row during the third quarter. Company executives said Wednesday that their third quarter adjusted pre-tax income totaled $253.6 million. That amount constituted increase of $58.3 million or 29.9 percent from the income level the company generated in the […] [Read More]

On Wednesday General Motors officially commenced its initial public offering in the amount of $13 billion. Rumors and speculation flew all week as to whether the move would come and just how much the IPO would be. Turns out, the company kicked off its IPO just at about the time it announced its preliminary third-quarter […] [Read More]

Dollar Thrifty Automotive Group’s corporate adjusted EBITDA showed double-digit improvement for the seventh straight time during third quarter, which marked what the company’s chief executive officer called the “best quarterly performance” that Dollar Thrifty has ever had. [Read More]

For many years, the recovery industry has flown under the radar. Thanks to recently published articles like “Repo Madness” the repeated negative news about lenders and the bad economy has moved the recovery industry into the spotlight. The majority of recovery agents liked the anonymity and never really had to step into the limelight or […] [Read More]

AutoCanada revealed recently that president Bob Clark is no longer with the company. Chief executive officer Pat Priestner said he and other senior management staff would take on the presidential duties until AutoCanada finishes its “internal head office review.” [Read More]

The Federal Trade Commission is wary some debt collectors and recovery agencies could be violating federal consumer protection laws when attempting to collect debt owed by the deceased. As a result, federal officials are proposing a new policy statement to govern collectors’ actions. Moreover, they are also seeking public comment about the proposed policy. The FTC believes […] [Read More]