Used VehicleALG predicts used-car prices will drop 4-5% over 12 months 3:00 pm U.S. ET | Sept. 13, 2012 Average used-vehicle prices will fall 4 to 5 percent over the next 12 months, according to ALG’s Industry Report released today. In two to three years, average used-vehicle values will be 8 to 10 percent below current levels, the company, formerly known as Automotive Lease Guide, predicts.... Read More »
JAMIE LaREAU Could higher speeds in Texas lead to better used-car prices? 4:22 pm U.S. ET | Sept. 11, 2012  Stretches of German autobahns have no speed limit, although they have an advised limit of about 81 mph.... Read More »
Penske buys Hertz locations in Memphis; broader plan possible 4:22 pm U.S. ET | Sept. 6, 2012  Penske Automotive Group, the nation’s second-largest dealership group, has signed an agreement with Hertz to become the sole franchise operator of Hertz rental locations in the Memphis, Tenn., market -- a relationship Hertz says may expand to other markets.... Read More »
GM sees its CPO sales flat this year; industry sales up 5% 6:02 pm U.S. ET | Aug. 29, 2012 U.S. sales of certified used vehicles are likely to rise about 5 percent this year, the head of General Motors' certified used-vehicle program predicted Wednesday. But he said GM's sales will be constrained by a shortage of vehicles. “We're flat,” said Larry Pryg, national manager of GM certified pre-owned vehicle operations. “We're No. 2 in the segment. We'll sell around 285,000 this year,” while No.... Read More »
Hertz to buy Dollar Thrifty for $2.6 billion 7:27 am U.S. ET | Aug. 27, 2012  Hertz Global Holdings, led by former Tenneco Automotive chief Mark Frissora, struck a deal to buy Dollar Thrifty Automotive Group for about $2.6 billion in cash and secure its place as the second-largest player in the United States market.... Read More »
Hertz said to be near $2.56 billion cash deal for Dollar Thrifty 3:34 am U.S. ET | Aug. 26, 2012  Hertz Global Holdings is near a deal to acquire Dollar Thrifty Automotive Group and an agreement may be announced early next week, three people familiar with the negotiations said.... Read More »
UK car dealer Pendragon says first-half profit rose 30%Aug. 7, 2012 11:30 CET Britain's biggest car dealer, Pendragon, says profit rose to 23.6 million pounds ($36.9 million) from 18.2 million pounds a year earlier, helped by the strong performance at its new- and used-vehicle segments.... Read More »
Dollar Thrifty calls for end to takeover saga 1:35 pm U.S. ET | Aug. 1, 2012  Dollar Thrifty Automotive Group, considered the last big prize in the domestic car rental industry, urged Hertz Global Holdings to put an end to two years of fruitless takeover offers by making a compelling bid to settle the matter once and for all.... Read More »
Used-car price decline picked up steam in June 3:17 pm U.S. ET | July 9, 2012  The decline in used-car prices picked up steam in June. The Manheim Used Vehicle Value Index was calculated at 123.4 in June, down from 125.1 in May and down from 127.5 last June, auto auction company Manheim said today.... Read More »
Q&A: How data is driving Zipcar's explosive growth 11:15 am U.S. ET | July 9, 2012  Since joining Zipcar more than three and a half years ago, Chief Marketing Officer Rob Weisberg has seen the brand grow leaps and bounds. The car-sharing company is quickly expanding into new markets and offering its services to more U.S. cities and college campuses by the hour. It's also begun expanding into markets such as the U.K. and has its sights set on further overseas growth.... Read More »
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Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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