Hertz to Compete with Zipcar in Car-Sharing Venture

Hertz has rolled out its car-sharing Connect program to compete with Zipcar in major US and European cities. Hertz has much better cost advantages based on volume of vehicle purchases and maintenance agreements and the capacity to expand quickly.

DHL To End U.S. Parcel Service after 5-Years

ADESA Wholesale Used Vehicle Price Trends – November 2008

Bailout Good News for Used Car Industry

The government bailout of Detroit automakers is also good news for the used car industry. John Blair, ALG's CEO, says the bailout package will add stability to the weakened domestic market, allay concerns over parts and servicing, and improve short-term residuals.

Import Automakers Cut Racing Ties; Detroit Continues On

All automakers are taking steps to preserve cash. Honda and Audi have announced plans to cut ties with two high profile racing series. This despite the fact that these two automakers are profitable. The Detroit automakers, however, have refused to cut or reduce ties with NASCAR. Recently Detroit was on Capital Hill with restructuring plans in an attempt to receive $14 billion in bridge loans. Cuts to racing sponsorships were not mentioned.