Auto Retail News

  HOUSTON, TX — Group 1 Automotive, Inc., a Fortune 500 automotive retailer, announced that its board of directors authorized a program to repurchase up to $25.0 million of the company’s common stock. Purchases may be made from time

PARK RIDGE, N.J. — Hertz Global Holdings, Inc. (NYSE: HTZ) (“Hertz”) announced that it has extended the expiration date of its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) (“Do

Bentonville, Arkansas — America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced the opening of its newest dealership. The dealership is located in Albertville, Alabama. “Car-Mart has tremendous growth opportunities especially in s

Manheim Consulting’s monthly auto industry brief reported July 2011 wholesale used vehicle prices decreased when compared with June 2011’s numbers. The Manheim Used Vehicle Value Index is still up 5.9% (125.9) over July 2010 when it was 118.9

Highlights from the August OPENLANE Market Index report include: for the U.S. market index, overall US auction prices decreased by two percentage points in July from the previous month, but ended 3 points above July 2010 levels. Dealer interest in SU

Why an all-in-one sales and service marketing system is the only way to go.   What does all-in-one includes? It covers: Digital marketing, search marketing, online advertising, social media marketing tools, mobile marketing, websites, Internet lead

Chevrolet, Buick, GMC and Cadillac dealers in the U.S. reported 180,303 sales of Certified Pre-Owned vehicles through the month of July 2011, a two percent increase compared to sales through July of last year. For the month of July 2011, combined sal

Phone and e-mail aren’t the only ways consumers are communicating these days. With traditional BDC/Internet departments focusing on just phone and e-mail, the opportunity for disconnect with the customer grows! New communication paths give so m

According to a data from Dataium, the conversion rate of the average unique visitor to shopper was up 48% during the month of July 2011. This information is based on statistics for national automotive Internet behavior for June 2011.   Below are