Along with some website modifications, the Hertz Rent2Buy program expanded to incorporate four more states late last week, bringing the total number of locations to 22 states nationwide. States that now offer Hertz Rent2Buy are Minnesota, Nevada, Oklahoma and Oregon. The program already was in operation in Alabama, Alaska, California, Colorado, Connecticut, Florida, Georgia, Hawaii, […] [Read More]

The Auto Remarketing Canada conference is returning to Toronto this spring after calling Montreal home for the last two events, organizers announced this morning, revealing the official dates and location for the 2011 conference. Auto Remarketing Canada 2011 will be held from April 12 to April 14 at the Hyatt Regency Toronto. CarProof is once […] [Read More]

Hertz is planning to roll out a private offering of senior notes totaling $300 million, the proceeds of which may be put toward the acquisition of Dollar Thrifty Automotive Group, it was revealed Thursday. The notes will be due in 2018. Officials said the offering will not be subject to the Securities Act of 1933’s […] [Read More]

Wherever Black Book managing editor Ricky Beggs turned, attendees at last week's National Auto Auction Association conference wanted to know the same thing. They kept probing Beggs about how the market is doing and what the industry could expect for the rest of the year. For people not in New York at the conference, Beggs […] [Read More]

TORONTO, Ontario — General Motors of Canada and a group of 21 rejected dealers who were suing the company have reached a settlement, a GM Canada spokesperson confirmed to Auto Remarketing Canada this week. Jason Easton, corporate communications manager for GM Canada, confirmed "that a conditional settlement has been reached … " in this particular suit — Stoneleigh Motors Limited […] [Read More]

REDWOOD CITY, Calif. — Average wholesale prices in Canada softened a bit during July, according to OPENLANE's Canadian Market Index, which came in at 103 for the month, compared with 105 in June. In addition to the 2-percentage-point month-over-month decline in auction prices, July was 3 percentage points weaker on a year-over-year basis. "Canadian prices decreased in […] [Read More]

RED DEER, Alberta — In a strong kick-off to the 2011 fiscal year, RIFCO pulled in almost 35 percent more net income during the first quarter than it did for all of fiscal 2010. And, company management is expecting they should hit full-year profits for the fifth straight time. Specifically, the company took in net income of $416,370 for the […] [Read More]

DETROIT — Are many dealers turning to Twitter to drum up sales and service activity? Turns out, the social media website that limits messages to 140 characters has been welcomed by dealers in varying degrees, according to AOL Autos.  In fact, AOL Autos correspondent Gary Hoffman recently looked at how dealers harnessed Twitter during one 24-hour period […] [Read More]

RICHMOND, Va. — CarMax already operates dealerships in 26 states. After a hiatus of more than two years, the company started construction on a new rooftop this week to raise its state penetration by one more. Executives highlighted the ongoing work now being done on a new CarMax superstore in Baton Rouge, La. This marks the company's […] [Read More]

CARMEL, Ind. — ADESA and NADA University are teaming up for what they're calling the Industry Insight Series, a gathering of experts such as Tom Kontos and Dale Pollak to discuss the current state of the used-vehicle market and where it's headed. The free lunch is followed by a program that begins at 11:30 a.m. CT […] [Read More]