Category Archives: Car Auction News

When 30,000 people turned out for the Racers Reunion at Columbia Speedway in 2009, what was to have been a one-time affair became an annual event. The Love Chevrolet Racers Reunion returns April 14-17, celebrating the history of stock-car racing and the track’s role in that history, organizers announced Thursday. The first Racers Reunion had been planned in three months, and Jeff Gilder, creator of RacersReunion. Sellers is part-owner of the half-mile, dirt-track speedway where Richard Petty ran his first race, and Studebaker and Chevrolet cars got their first NASCAR victories. As it was last year, the centerpiece of the celebration is the candlelight track walk, honoring drivers who raced at Columbia, and an autograph session with a host of legends including David Pearson, Humpy Wheeler and Haskel Willingham. Tony Banks, of the West Metro Business Center, said although Racers Reunion is no longer free – a four-day pass is $10 – organizers hope it will have the same draw. read more  Read more... (172 words, estimated 41 secs reading time)

Barclays upgrades the car and truck rental company citing rising demand and higher used car resale value. Shares of Avis Budget Group gained at Autobahn speed on Thursday after Barclays analyst Brian Johnson upgraded the stock based on higher used car resale values and recovering rental demand. Johnson recommends buying the stock, raising his rating on Avis Budget to overweight, up from equal weight, and lifted his price target to $15 from $12. According to the analyst, “Avis Budget is near an inflection point on the demand side, with rental day comps expected to turn positive this year, based on the recent uptick in enplanements and hotel rooms sold. Dollar Thrifty Automotive Group ( DTG – news – people ) gained 15 cents, or 0. Hertz Global Holdings ( HTZ – news – people ) dipped 29 cents, or 2. read more  Read more... (152 words, estimated 36 secs reading time)

Investors sped toward Avis Budget Group on Thursday after climbing rental demand and higher used car resale values led Barclays analyst Brian Johnson to upgrade the stock. According to the analyst, “Avis Budget is near an inflection point on the demand side, with rental day comps expected to turn positive this year, based on the recent uptick in enplanements and hotel rooms sold. Dollar Thrifty Automotive Group ( DTG – news – people ) gained 26 cents, or 0. Hertz Global Holdings ( HTZ – news – people ) dipped 24 cents, or 2. read more  Read more... (106 words, estimated 25 secs reading time)