Sales & Variable OPS
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 vehicles have an...
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 Quick Lane service,...
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 technologies on the CES show...
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 Department, against Progressive...
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 share, versus adjusted...
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 Group, Inc. (NYSE: DTG)...
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. October’s SAAR is poised...
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. Consider the following...
J.D. Power and LMC Automotive Report: October New-Vehicle Retail Selling Rate Expected to Remain above 12 Million Units
WESTLAKE VILLAGE, Calif. -- New-vehicle retail sales in October continue the robust pace from September, with another month of strong double-digit year-over-year growth, according to a monthly sales forecast developed by J.D. Power and Associates' Power Information...
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