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ArticlesMarch 1, 2010

McElroy: Detroit 3 Profitable Again in 3 Years

Automotive industry analyst John McElroy is “bullish” about the future of the Detroit 3, forecasting a profit break-even point at 10-million SAAR (seasonally adjusted annual rate) and for the domestic OEMs to be “extremely profitable” at 14 million units yearly in sales.

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NewsFebruary 17, 2010

NADA: Rising Consumer Confidence, Employment Lead to Improved Vehicle Sales in 2010

NADA Used Car Guide Analyst Paul Taylor says economic fundamentals point to strong used-car market.

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NewsFebruary 17, 2010

Hertz Teams Up With Nissan to Bring Electric Cars to Market by Early 2011

After the Nissan LEAF is introduced to the Hertz fleet by early 2011, the rental company and Nissan plan to expand the electric vehicle into Connect by Hertz.

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NewsFebruary 10, 2010

Toyota Announces Voluntary Recall on 2010 Prius & 2010 Lexus HS 250h

Toyota will recall approximately 133,000 2010 Model Year Prius vehicles and 14,500 Lexus Division 2010 HS 250h vehicles to update software in the vehicle's anti-lock brake system (ABS).

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NewsFebruary 10, 2010

Enterprise Holdings Shifts to Biodiesel for Car Rental Airport Shuttles

More than 600 airport shuttle buses in Enterprise Holdings' fleet will use at least 5 percent biodiesel (B5), and in the next five years, the company plans to convert to 20 percent biodiesel (B20).

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NewsFebruary 10, 2010

GM Certified Used Vehicles Offers 3.9% Financing on Pontiac G6

Effective Feb. 2 to March 31, GMAC Financial Services is offering qualified buyers 3.9 percent APR financing for terms up to 60 months on all GM Certified Pontiac G6 models.

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NewsFebruary 8, 2010

Kelley Blue Book: Used-Car Values of Recalled Toyotas to Decrease on Friday

In response to the slowing demand for Toyota models in the marketplace, Kelley Blue Book has decreased the used-car values of recalled Toyotas for the second time by 1 to 3 percent.

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NewsJanuary 27, 2010

EagleRider Opens Two Rental Outlets in New York

The rental locations in Queens Village and Howard Beach will open in March 2010, just in time for the spring riding season.

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NewsJanuary 27, 2010

Judge Affirms Halcro Settlement; Avis to Appeal

A U.S. District judge affirms the $16 million in damages a jury awarded to Alaskan Avis licensee Robert C. Halcro in a case involving violation of the franchise agreement.

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NewsJanuary 20, 2010

Chrysler Recovery Efforts Will Continue to Rely on Fleet

Chrysler Group's chief executive says fleet customers such as rental car companies are “the anchor on which I can rebuild,” and adds the turnaround might take another two years.

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