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Monthly Market Update: Trucks Outsell Cars In July Capturing 53% Share of the Market

According to the latest edition of Guidelines, NADA Used Car Guide’s monthly market update, July’s new vehicle sales tally came in at 1.06M units which was a 1% increase on both an annual and sequential basis. Below are more highlights from
Aug 19, 2011
Posts Everyone

Is the Economy Starting to Impact Car Buying Again?

According to The Detroit News, some dealers think that last week’s up and down of the stock market is now making some consumers rethink making big purchases like buying a car.  One dealer out of Utah feels it is going to hurt his business.
Aug 19, 2011

BMW Group Financial Services Partners with Manheim to Create “Real-Time” iPad Remarketing Tool

Woodcliff Lake, NJ – With access to real-time data becoming more critical to remarketing customers, BMW Group Financial Services recently partnered with Manheim on the development of data solutions offered through the iPad.  This technology gives
Aug 19, 2011

Chase Launches New Financing Program To Benefit Chrysler, Jeep, Dodge and Ram Truck Customers

Garden City, N.Y. – Chase Auto Finance today further enhanced its offerings with the launch of a new consumer financing program available through Chrysler, Jeep, Dodge and Ram Truck dealers across the U.S. Chase’s new arrangement with Chrysle
Aug 19, 2011

California, Georgia, Kansas, Ohio, Texas, Utah Come Out on Top in InsuranceQuotes.com Review of State-Run Insurance Websites

AUSTIN, Texas — The state insurance department websites in California, Georgia, Kansas, Ohio, Texas and Utah do the best job of giving consumers access to critical insurance information, according to an InsuranceQuotes.com review of state-run i
Aug 19, 2011

Hertz Receives Request for Additional Information from FTC Regarding Proposed Acquisition of Dollar Thrifty

PARK RIDGE, N.J. — Hertz Global Holdings, Inc. (“Hertz”) this week announced that it has received a request for additional information (“Second Request”) from the Federal Trade Commission (“FTC”) relating to
Aug 18, 2011

KAR Announces Agreement to Acquire OPENLANE

Carmel, IN – KAR Auction Services, Inc. announced that its subsidiary, ADESA, Inc., has signed a definitive agreement to acquire the equity of OPENLANE, Inc., a leading Internet-based business-to-business automotive remarketing company. Peter K
Aug 18, 2011
Posts Everyone

Dealer.com Adds Mitch Truwit and Marcelo Gigliani of Apax Partners to Board of Directors

Burlington, VT – Dealer.com, the global leader in automotive Internet marketing solutions, today announced that Mitch Truwit and Marcelo Gigliani of Apax Partners will be joining the company’s Board of Directors.  Apax Partners recently acquired
Aug 18, 2011

This Summer Manheim Tops 2 Million Visits to Mobile Site

ATLANTA – Since launching its mobile platform in February 2010, Manheim has received more than 2 million customer visits to its mobile site. In the first six months of 2011 alone, Manheim reached 1 million mobile visits – a feat that took nearl
Aug 18, 2011