Taxes, Economy May Force Sale of Kelley Blue Book
Recent news reports claim that Kelley Blue Book, a family-owned business for nearly 100 years, is up for sale. Increased capital taxes and a decline in web traffic may be playing a role in this decision. Several potential buyers are being cited as interested in the company.
By-the-Hour Car-Sharing Becoming Big Business
Car-sharing is no longer a green fad. It will stimulate short-term demand for new cars while threatening a proportion of automakers' longer-term sales. There is one way that car-sharing might actually help carmakers, however. The main car-sharing firms are keen to promote electric vehicles, since that fits with their green ethos.
Ford 2011 F-150 SVT Raptor Hits the Off-Road
The F-150 SVT Raptor is the first-ever high-speed off-road performance truck offered by any manufacturer and highlights 33 years of Ford truck sales leadership by emphasizing F-150's Built Ford Tough durability, innovation and engineering. Developed with the DNA of an off-road pre-runner, its comprehensive modifications focused on chassis and suspension enhancements.
ALD Automotive Sells North American Arm to Merchants Leasing
Merchants Leasing announced it has acquired ALD Automotive USA, which is the North American arm of ALD Automotive. ALD Automotive will continue to manage large operations on the American market through a partnership with Wheels Inc.
Dealers, Car Buyers Want Green Cars; Auctions Wait to Reap Rewards
Jim Stickford interviewed auction executives to find out that while green vehicles are becoming popular with dealers and the public, this hasn't yet translated into initiatives for major auctions. Reduced gas prices have softened the demand, and dealers have coveted used hybrid vehicles to sell themselves. New technology in upcoming electric cars raises questions on how to prep and promote them.
