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Avis Budget Group to Acquire Zipcar for $12.25 Per Share in Cash

PARSIPPANY, N.J. and CAMBRIDGE, Mass. — Avis Budget Group, Inc. (NASDAQ: CAR) and Zipcar, Inc. (NASDAQ: ZIP), the world’s leading car sharing network, today announced that Avis Budget Group has agreed to acquire Zipcar for $12.25 per sha
Jan 3, 2013
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Direct Auto Loan Delinquencies Rise

Consumer Delinquencies Continue Decline in Third Quarter 2012 WASHINGTON – Consumer delinquencies continued to decline in the third quarter of 2012, with bank card delinquencies falling to an 18-year low as consumers strengthen their fin
Jan 3, 2013
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IIHS Names Safest Cars For 2013

New TOP SAFETY PICK+ award goes to 13 cars; 117 additional vehicles earn TOP SAFETY PICK ARLINGTON, Va. — To reward 2013 models with superior crash protection, the Insurance Institute for Highway Safety (IIHS) is awarding its new Top Safety Pic
Jan 3, 2013
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Toyota Motor Sales Reports December Sales Increase

Annual Sales Top Two Million on Strength of New Products TORRANCE, Calif. – Toyota Motor Sales (TMS), U.S.A., Inc., today reported December 2012 sales of 194,143 units, up 13.2 percent compared to the same period last year on a daily selling rate (
Jan 3, 2013
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Luxury Pre-owned Sales Numbers

Luxury certified pre-owned sales for December were collectively up between 3%-14% with the exception of Audi where sales were down 2%. Audi Certified Pre-owned Vehicles: Last year was the second-best year ever for Audi Certified pre-owned vehicle sal
Jan 3, 2013
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NCM® Launches #NCMTips to Give Auto Dealers Free Actionable Guidance for Dealership Improvement

Overland Park, Kan. ― NCM Associates, a leading provider of 20 Groups, management training, retail operations consulting, and operations benchmarking services for automotive dealers, today announced the launch of an automotive management “tip of
Jan 3, 2013
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GM’s U.S. Sales up 5% in December

DETROIT – General Motors Co.’s (NYSE: GM) U.S. dealers delivered the company’s highest December sales in five years, with deliveries up 5 percent year over year to 245,733 vehicles. December was also GM’s best retail sales month of 2012. Reta
Jan 3, 2013
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Ford Cars, Utilities and Trucks All Post U.S. Sales Gains in 2012; Company Posts Best December Sales Since 2006

DEARBORN, Mich. – Ford Motor Company’s U.S. sales grew across the board in 2012, with cars up 5 percent, utilities up 7 percent, and trucks up 2 percent for the year. Overall, the Ford brand ended 2012 with 2,168,015 vehicles sold – the only br
Jan 3, 2013
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AutoTrader.com Launches Samsung Smart TV App

AutoTrader.com’s Product Innovation Team explores new ways to educate and inform car shoppers ATLANTA — AutoTrader.com is continuing to redefine the automotive shopping experience by releasing a new app for Samsung Smart TVs. “Peop
Jan 3, 2013