Trending Auto Retail News
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...
Half of your Ad Spend is Wasted…..Do you know which half?
So the old saying goes, “I know half my advertising is wasted, I just don’t know which half.” But that is an old saying, and today with new technology and advanced analytics you no longer have to operate in the dark. Advertising effectiveness whether print, tv, or...
AutoNation Reports: 3rd Quarter Domestic Retail New Vehicle Unit Sales Increased 9%.
FORT LAUDERDALE, Fla. -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, today reported 2012 third quarter net income from continuing operations of $82 million, or $0.66 per share, compared to net income from continuing operations of $71 million,...
TrueCar.com: Used Car Sales are Estimated to be up 10.8%
SANTA MONICA, Calif. -- TrueCar.com released its October 2012 sales and incentives forecast. The forecast shows the following: For October 2012, new light vehicle sales in the U.S. (including fleet) is expected to be 1,137,744 units, up 11.5 percent from October 2011...
Client Partner, Autos at Facebook Discusses Facebook 2012
Automotive dealers and managers have always connected with their customers and communities. In the age of digital marketing, something has got lost in translation. With over 955 million active users, Facebook represents the world’s largest local community. Patrick...
Senior VP of Product Development at FordDirect Discusses How to Optimize and Maximize Online and Social Presence to Secure Leads and Sales
According to JD Power and Associates, search usage is up 5200% over the last five years. Consumers are searching for vehicles online rather than traveling from store to store. Online channels such as Google places, Facebook and Twitter are useful tools for dealers to...
Ford Credit Chairman and CEO Mike Bannister to Retire; Bernard Silverstone Named as Successor, effective Jan. 1
DEARBORN, Mich. – Ford Motor Company today announced that Mike Bannister, executive vice president and chairman and CEO of Ford Motor Credit Company, has elected to retire effective Jan. 1, 2013, after 39 years of service. Mike Bannister announces his intention to...
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