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NADA: Rise in New-Vehicle Demand Helps Stabilize Used Prices

McLEAN, Va. — After three years of dramatic growth, the average price of used cars and light trucks will rise a modest 1 percent to almost $14,500, the National Automobile Dealers Association (NADA) Used Car Guide predicts in its latest special
Oct 31, 2012

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

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

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

Research Finds Modest, Growing Influence of Facebook and Twitter on Consumer Purchases

Study of 5,000 U.S. Consumers Identifies How Consumers Buy Autos, Cell Phones, Computers, Credit Cards, Health Plans, Insurance Policies, and Televisions WABAN, Mass. — Temkin Group, a leading market research and consulting firm that helps orga
Oct 24, 2012

Blue Book Market Report: Used Hybrid Cars a Hot Commodity

According to the Blue Book Market Report – October 2012, used fuel-efficient vehicle values stabilize as fuel prices begin to ease. Fuel prices have finally started to ease, dropping more than $0.10 per gallon nationally since mid-September. This
Oct 19, 2012

InspectMyRide® Online Vehicle Inspection Service Now Featured on Swapalease.com

Alpharetta, Ga. – InspectMyRide.com, one of America’s largest consumer car inspection services provider, has been selected as the exclusive vehicle inspection provider for Swapalease.com, an industry pioneer and leader in lease transfers and leas
Oct 19, 2012

Why CPOs Are the New Car Of Choice For Many Women Car Buyers

PITTSBURGH, PA. — The used car business had two of its best years ever in 2011 and 2010, with record sales of 15.6M reported last year. According to NADA, 8.7M were retail sales made at dealerships and 57% of them came from trade-ins or from th
Oct 19, 2012

Redesigned Mid-Size Models Forcing Bigger Price Cuts On Used Cars

According to Ricky Beggs is the VP, Managing Editor at Black Book – National Auto Research, there has been growing hype over the new mid-size cars being introduced for 2013, with particular emphasis on stronger competition from domestic makers.
Oct 18, 2012