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Auto Industry Recovering Slowly, but it is Recovering

A few weeks ago, I saw an article that painted a not-so-rosy outlook for the automotive industry. Some analysts downgraded their forecast for annual sales by about 500,000 units. On an emotional level, I understand why some people had a negative reac
Oct 26, 2012
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BMW Recalls 45,000 Vehicles

According to the National Highway Traffic Administration’s website, BMW is recalling certain model year 2005-2008 7-Series vehicles, equipped with the Comfort Access option, and manufactured August 23, 2004, through July 24, 2008. The affected
Oct 26, 2012
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Ford Brings First Ever “Quick Lane” Service to India

BANGALORE, India: Taking its commitment to provide a world-class service experience to its customers,Ford India today launched its first Quick Lane service centre in India at Metro Ford in Yeshwantpur, Bangalore. With the launch of India’s first Qu
Oct 26, 2012
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Record Number of Top Automotive Manufacturers to Exhibit at the 2013 International CES

Detroit, MI. – The Consumer Electronics Association (CEA)® today announced a record number of automotive manufacturers will exhibit at the upcoming 2013 International  CES®. Seven of the top 10 manufacturers will showcase their latest technologi
Oct 26, 2012
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New York Appeals Court Denies Summary Judgment to Auto Insurance Company

Opens Door to ‘Deceptive Acts and Practices Claims’ in Business-to-Business Disputes New York, NY – North State Autobahn, Inc., a Westchester-based auto body shop, has won an important victory in the New York Appellate Division, Second D
Oct 26, 2012
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Asbury Automotive Reports Parts and Service Revenues Up 1%

DULUTH, Ga.– Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported income from continuing operations for the third quarter 2012 of $22.8 million, or $0.72 per diluted
Oct 26, 2012
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Hertz Extends Tender Offer To Acquire Dollar Thrifty

PARK RIDGE, N.J. — Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has extended the expiration date of its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Gr
Oct 25, 2012
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Edmunds.com Forecasts a Pleasant October Surprise for Honda and Nissan

SANTA MONICA, Calif. — Edmunds.com, the premier resource for automotive information, forecasts that 1,132,878 new cars will be sold in October for an estimated Seasonally Adjusted Annual Rate (SAAR) this month of 14.8 million light vehicles. Octobe
Oct 25, 2012
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Over-Production Could Become Issue Affecting Smaller Car Retention Values

Black Book analysts believe the automotive industry may be heading toward an over-production issue with smaller cars. There are more manufacturers producing a higher volume of cars, yet overall consumer demand has not matched this production. Conside
Oct 25, 2012