September 03, 2010
Franchise News Watch

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Your Automotive Franchise News Source

Franchise News Watch brings you the latest in automotive franchising news from around the web. As a news aggregator for the automotive franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.

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Automotive Franchise News

Ace Hardware Corporation

Ace Hardware Franchise Ranked Highest In Customer Satisfaction By J.D. Power And Associates For The 4th Consecutive Year

The J.D. Power and Associates 2010 Home Improvement Retail Store Satisfaction StudySM again ranked Ace Hardware the "Highest in Customer Satisfaction among Major Home Improvement Retail Stores" for the fourth consecutive year.

Mr. Transmission/Milex

Mr. Transmission Franchise Announces Expansion Plans in Tennessee

Moran Industries, Inc, franchisor of Mr. Transmission and Milex Complete Auto Care has recently announced expansion plans for up to 25 locations in the state including the Chattanooga, Knoxville and Nashville areas.

Mr. Transmission/Milex

Mr. Transmission and Milex Complete Auto Care Franchise Announce Expansion Plans in Houston

Moran Industries, Inc, franchisor of Mr. Transmission and Milex Complete Auto Care has recently announced expansion plans for up to 15 locations in the greater Houston area.

Fiesta Auto Insurance Ranks in Top 6 Percent of Inc. 500/5000 List of America's Fastest-Growing Private Companies

Inc. magazine has ranked Fiesta Auto Insurance in the top 6 percent of the publication's 500/5000 list of the fastest-growing private companies in the United States.

Midas Franchise Keeps Your Car in Check This Labor Day

As California motorists take to the road this Labor Day, Midas is teaming up with nationally known Car Coach(R) Lauren Fix to offer tips to help keep your vehicle safe and reliable. Getting your car ready in advance of a road trip will not only help save

Dollar Thrifty Automotive Group, Inc. Announces Expansion of International Web Sites With New Technology Partner CarTrawler

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG), is pleased to announce that its subsidiaries, Dollar Rent A Car and Thrifty Car Rental, have formed a new partnership with Ireland-based car rental technology firm, CarTrawler, to significantly expand the

Volvo Rents Franchise Owner Pete Post Named President of Texas Rental Association

Pete Post, owner of two Volvo Rents franchise locations in Houston and Seabrook, TX, was recently named President of the Texas Rental Association.

Oil Can Henry's Franchise Exceeds Original $30,000 Commitment and Raises More than $45,000 for Susan G. Komen for the Cure

Oil Can Henry's customers rose to the challenge in July and helped the company raise $45,401 to support the Oregon and SW Washington Affiliate of Susan G. Komen for the Cure® to help save lives and end breast cancer. Over the week-long fundraising eff

Snap-on Incorporated Franchise Declares Quarterly Dividend

The Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.30 per share payable September 10, 2010 to shareholders of record on August 20, 2010. Snap-on has paid consecutive quarterly cash dividends, wit

Midas Auto Repair Franchise Reports Second Quarter Results of $0.06 Per Share

Midas, Inc. (NYSE:MDS) reported net earnings of $0.8 million--or $0.06 per diluted share--for the second quarter ended July 3, 2010, compared to $0.4 million--or $0.03 per diluted share--in the second quarter of 2009. Second quarter 2010 results were nega

Midas Franchise Announces "Next Great Road Song" Finalists

The submissions are in, and the competition for the title is now under way. Midas International Corporation and SPIN today announced the top 20 finalists in their search for the "Next Great Road Song." Listeners can vote to determine the winners at http:/

Dollar Thrifty Franchise Update on Avis Budget Proposal

Dollar Thrifty Automotive Group, Inc. ("Dollar Thrifty") (NYSE: DTG) today responded by letter to the proposal made by Avis Budget Group ("Avis Budget") (NYSE: CAR) dated July 28, 2010.

Dollar Thrifty Automotive Group Franchise Reports Record Second Quarter Earnings

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the second quarter ended June 30, 2010. Net income for the 2010 second quarter was $42.3 million, or $1.40 per diluted share, compared to net income of $12.4 million, or $0.55 pe

Volvo Rents Franchise Anounces Want to Rent a Skid Steer? There's an App for that!

Volvo Rents is getting in on the iPhone App craze. The worldwide provider of small-to-medium sized construction equipment is taking the construction equipment industry to a new level of ease and accessibility with its new iPhone Application.

Dollar Thrifty Franchise Receives Unsolicited Offer from Avis Budget Group

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today confirmed that it received a letter dated July 28, 2010, from Avis Budget Group ("Avis Budget") outlining an unsolicited proposal to acquire all Dollar Thrifty common stock for consideration consisti

Pop-A-Lock Franchise Locksmith Answers the Call

Workers who had just escaped the burning deepwater horizon oil rig in the Gulf of Mexico did not stop to grab their car keys before escaping to safety from the burning rig that later created one of the largest oil spills in history. This means that many o

World Franchising Network Selects Fiesta Auto Insurance for its 2010 Top 26 Franchises for Hispanics list

World Franchising Network (WFN) has named Fiesta Auto Insurance, the nation's only insurance and tax preparation franchise, as one of its Top 26 Franchises for Hispanics for 2010. PODER Magazine, the successor to Hispanic Enterprise, published the results

Dollar Rent A Car Franchise Teams With JetBlue Getaways

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) is pleased to announce that its subsidiary, Dollar Rent A Car, has signed a multi-year agreement with JetBlue Airways to provide rental cars as part of the JetBlue Getaways vacation packages. Beginning in

Canadian Tire Franchise Says 'Back to the Drawing Board' on Latest Round of Eco-Fees

For some years, many retailers have charged visible fees up front to help recycle obviously complicated products like televisions or tires. A few years ago, the Government of Ontario worked with retailers and companies to set up a recycling organization c

Dollar Thrifty Automotive Group Franchise to Announce Second Quarter 2010 Financial Results

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce second quarter 2010 financial results prior to market open on Tuesday, August 3, 2010.

Honest-1 Auto Care Franchise in St. George Takes Top Honor in 'Reader's Choice Awards'

Southern Utah's desire for environmentally responsible and family-friendly auto maintenance service has earned Honest-1 Auto Care, at 595 N. Bluff St. in St. George, first-place honors in St. George Magazine's "Reader's Choice Awards."

Ace Hardware Corporation

ACE(R) Hardware Announces Plan To Sell Craftsman(R) Tools

Craftsman, America's most trusted tool brand, will now be sold through Ace Hardware stores. In May, approximately 100 Ace stores will begin selling Craftsman products.

Ace Hardware Corporation

ACE Hardware Franchise Maintains Top 10 Spot In Bloomberg Businessweek's 'customer Service Champs' List

Ace Hardware has again been named one of Bloomberg BusinessWeek's top "Customer Service Champs." Ace earned the 10th spot on the list for the third consecutive year, further confirming its moniker as "the helpful place." The ranking will be published in t

Midas Franchise and National Automotive Expert Challenge Californian Teens to Become Safe Drivers This Summer

Lauren Fix, the well-known Car Coach(R), along with her teen daughter Shelby Fix, Teen Car Coach(R), is traveling throughout the state of California appearing at a series of teen "Safe Car, Safe Driver" clinics on behalf of Midas to educate teens and thei

Dollar Thrifty Automotive Group Franchise Provides Second Quarter and Full Year Update

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today provided an update on preliminary estimates for second quarter results and its outlook for the full year of 2010. The Company announced that it expects second quarter Corporate Adjusted EBITDA...

Midas Franchise Hits the Road with Trip Advice, Music and Safety Tips

As road trip season has arrived, it's important to be prepared for a summer full of adventure, fun and road travel. Midas International Corporation, one of the world's largest providers of automotive services, has partnered with top experts to...

Eagan's Honest-1 Auto Care Franchise Opens for Business

Honest-1 Auto Care, the only national full-service auto repair and maintenance franchise that is 100 percent ESA™ Certified Eco-Friendly, today announced the recent opening of its newest location in Eagan.

Dollar Thrifty Opens Its 12th 'Customer-Choice' Location at San Jose International Airport

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it is now offering customers its customer-choice rental service at the San Jose International Airport (SJC). San Jose marks the Company's 12th operation to offer this...

Meineke Car Care Centers Franchise Leverage Telmetrics Call Measurement for Advertising Visibility and Lead Generation Insights

To increase ad campaign performance visibility, Meineke Car Care Centers, Inc., a leader in franchised automotive services, is using Telmetrics, the leading provider of advertising call measurement solutions, to track the consumer calls generated by...

Dollar Thrifty Expands Automotive Rental Franchise and Corporate Locations

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it has opened 15 new U.S. franchise locations and two corporate locations since Jan. 1, 2010.

Christian Brothers Automotive Corporation Franchise Founder Named Ernst & Young Entrepreneur of the Year Finalist

Mark Carr, founder and CEO of Christian Brothers Automotive Corporation (CBAC), has been selected as a finalist for the 2010 Ernst & Young Entrepreneur of the Year Award for the Houston and Gulf Coast area. This is the fourth time Carr has been...

Auto-Lab Complete Car Care Franchise Centers Adds Zeeland Location to Michigan

Auto-Lab Franchise Management Corporation(R), DBA Auto-Lab Complete Car Care Centers(R), announced the opening of a new store located at 8509 Heritage Drive, Zeeland, MI. The store is owned and operated by Patrick & Associates, and brings...

Dollar Thrifty Automotive Group Franchise Completes New $300 Million Asset Backed Financing

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that its Rental Car Finance Corp. subsidiary completed a private placement of Rental Car Asset Backed Variable Funding Notes, Series 2010-2. When fully funded, the notes will provide...

Eaglerider Motorcycle Franchise Revs Up Motorcycle Industry With New Partnership

EagleRider, the world's largest motorcycle rental and tour company, and Triumph Motorcycles, the fastest growing motorcycle manufacturer on the globe, have announced a partnership that will expand revenue streams for dealers and give customers more...

Jiffy Lube Franchise Anounces Drivers Determined to Achieve Higher Mileage

Roy Lindahl has been driving his white Jeep(R) Cherokee since the day they drove off the lot together seventeen years ago. He and his vehicle, affectionately nicknamed "Jeepy," recently reached a major milestone when the odometer hit 400,000 miles.

Car-X Auto Service Franchise Launches New Website

Car-X Auto Service is one of the most recognizable and trusted names in the automotive repair business. In 1994 Car-X launched its first website and in 2007 revised its website to capitalize on changes in the internet marketing space. Car-X makes a...

Fiesta Auto Insurance Delivers Positive Results at First Annual National Conference

Fiesta Auto Insurance franchise owners and company corporate executives joined together at the Shorebreak Hotel in Huntington Beach to participate in the company's first national conference and celebrate system-wide successes.

RimTyme teams up with Futbolito

Soccer fans enjoyed a day of food, fun and games with a look at custom wheels Saturday in Frisco, Texas. Parked on location, RimTyme showed off rims and tires at MLS Futbolito, an all-day soccer competition.

Midas and SPIN Magazine Rock the Highway This Summer with Search for the Next Great Road Song

On the Road Again. Running on Empty. Traveling Band. For generations, the lure of the open road has inspired long and varied lists of classic songs. Now, Midas International Corporation, one of the world's largest providers of automotive services, is...

Honest-1 Auto Care Franchisees and Area Representatives Gather for 2010 National Franchise Convention

Honest-1 Auto Care franchisees and area representatives received awards for excellent performance, and new vendor relationships were announced at the company's 2010 National Franchise Convention held in mid-May at the Carefree Resort and Villas in...

Ace Hardware Corporation

Ace Hardware Appoints New President Of International Division, Renews Southeast Asian Licenses

Strengthening its reputation as a truly global "Helpful Place," Ace Hardware recently appointed a new president and general manager of Ace International to oversee worldwide growth initiatives. The announcement coincides with the renewal of two...

Alloy Wheel Repair Specialists and Ride-On Join Forces for Distribution to Automobile Sector

Alloy Wheel Repair Specialists and Ride-On Form Strategic Alliance...

Auto-Lab Complete Car Care Centers Adds New Lauderhill Location in Florida

Auto-Lab Franchise Management Corporation, DBA Auto-Lab Complete Car Care Centers, announced the opening of a new store located at 6520 Commercial Blvd, Lauderhill, Florida. The store is owned and operated by Auto-Lab of Lauderhill, LLC, and brings...

Christian Brothers Automotive Corporation Earns 2010 Better Business Bureau Award

Christian Brothers Automotive Corporation, a national automotive repair chain known for its upscale design décor and ethical business practices, has once again been honored with the Better Business Bureau's coveted Winner of Distinction award.

Creative Colors International Franchise Opportunity is ranked in the Top 10% of ALL franchises nationwide!

After much research and compiling survey results, Creative Colors International, Inc., has been named by G.I. Jobs magazine as a Military Friendly Franchise for 2010.

Honest-1 Auto Care Announces Signing of Franchise Agreement in Minneapolis/St. Paul

Honest-1 Auto Care, the only national full-service auto repair and maintenance franchise that is 100 percent ESA™ Certified Eco-Friendly, today announced the signing of a franchise development agreement with Matt Sederstrom to open a new location at

Precision Tune Auto Care signs agreement with Nigerian Company to open stores in Nigeria and Ghana

Precision Auto Care, Inc. (OTC Bulletin Board: PACI) signed a master franchise agreement with senior executives of Linkup Global Concept Limited RC (Nigeria) giving that firm's affiliate, Precision Tune Auto Care (Nigeria) Company Limited, a license...

Dollar Thrifty Automotive Group Comments on Avis Budget Group Letter

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today issued the following statement on Avis Budget Group's May 3, 2010 letter:

Fiesta Auto Insurance Opens New Location in New York

Fiesta Auto Insurance, the nation's only insurance and tax preparation business, announced the grand opening of its newest location situated at 235 E. 117th Street in New York.

Dollar Thrifty Automotive Franchise Group Reports Best First Quarter Profit In Its History

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the first quarter ended March 31, 2010. Net income for the 2010 first quarter was $27.3 million, or $0.91 per diluted share, compared to a net loss of $8.9 million, or $0.42...


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Features & Special Reports

Franchising With Family Members Can Be Fraught With Danger Or Filled With Success

It can be difficult enough to get a franchise up and running on your own, or with other operational and investing partners, but it can be downright arduous if family members are involved in the deal. But that's the route some franchisees take and when done properly this management model can provide years of personal and professional harmony. But there are some secrets to making it work. Go in unprepared and you could break up a business and a family.

The Winner's Column

As savvy franchise companies continue to flourish in this challenging economy, FUSR will continue to bring you good news each month, highlighting brands that are adding units, increasing comp store sales, striking deals with investors, and continuing to grow despite the economy - maybe even because of it. And, as the U.S. struggles through its "jobless recovery," growth-oriented franchisors continue to look overseas for expansion opportunities.

Sales Intelligence for Superior Performance, Part 2

Aggressive growth companies measure the performance of their sales personnel just as they do their advertising. With high recruitment expenses you can't afford mediocre selling performance, which costs dearly in lost franchise deals. A policyholder survey by Prudential Insurance revealed that the greatest influencing factor in the buying process is the sales person.

Turning Around Struggling Franchisees

Two years of tight credit and reduced consumer spending have left many franchisees reeling and put a serious crimp in franchisors' royalty streams. Workout professionals and bankruptcy attorneys experienced in franchising discuss what franchisors can do to help turn around distressed units - without spending scarce funds or getting themselves into legal hot water.

New Gift Card Regulations Kicked in August 22nd

Last year when President Obama signed the Credit Card Act of 2009 (the Act") into law, the nation's attention largely focused on those provisions of the law that aim to change the way credit card companies do business with consumers. However, since the Act imposes requirements on gift card issuers, it also changed the way many retailers and franchise companies will do business with consumers.

Strong Cultures Sell More Franchises!

Every franchise organization has a culture, the same way every person has a personality. If your franchise brand is serious about growth and development, ask yourself these two questions: 1) Does our franchise system have a strong, positive culture?; and 2) Is it a culture that promotes selling franchises?

Special Operations: Franchising in a Strange Land

Opening franchise units in nontraditional locations has been the domain of specialists--but not anymore. With the economy still slumping, lending still tight, and suburban expansion at a standstill, many multi-unit franchisees are exploring the viability of sites such as airports, hotels, colleges, senior centers, highway rest stops, hospitals, and military bases.

Rolling with the Punches: Franchisors Continue Adapting to Change

The rules and methods for franchise sales are changing daily with the general public's increasing awareness of the economy, deficits, lending, the housing market, and more. As some of us "graybeards" can remember, this isn't the first time the rules have changed--and it won't be the last.

Change on the Horizon

Just like any business, the franchising business is one that I have seen evolve tremendously over the past 30 years. While many of the cornerstones and crucial elements - product, simplicity, control, and support - remain the same, so much is changing.

Hiring Entrepreneurs: A Case Study of Hiring the Spirit of Success

As we continue to mine Dave Melton's book, <i>Hire the American Dream,</i> I thought it would be interesting to highlight a case study that demonstrates just how successful smart hiring can be. Here Melton describes his experience hiring an immigrant.

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