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Recent Analysis

Magnesium & Silicon Shortages Threaten Vehicle Production

Magnesium & Silicon Shortages Threaten Vehicle Production

October 27, 2021 — As the auto industry continues to manage an ongoing chip shortage, a looming magnesium and silicon shortage is threatening to erode vehicle production even further. Magnesium and silicon are key ingredients in the production of aluminum alloy, which is used in numerous vehicle parts. Silicon also is a main component in…

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Automotive Retail Tech & Investor Conference Returns to Austin in December 2021

Follow the money — or more specifically, the investment capital. I became convinced during my 10 years as a reporter and editor at WardsAuto that the investment community fuels much of the vendor growth and strategy in automotive retail. But it is an under-reported and underserved — and often, misunderstood — component of the industry.… Continue Reading

Rodo Lands Big Investors as Investment in Auto Digital Retailing Remains Hot

Rodo Lands Big Investors as Investment in Auto Digital Retailing Remains Hot

(Photo Source: Shutterstock, Photographer: Jaguar PS) July 28, 2021 — Hollywood actor and noted comedian Kevin Hart sees the upside in automotive digital retailing and has decided to ride along with a group of investors putting $18 million into Rodo, a mobile app that lets customers lease, purchase, or sell a vehicle online. Hart’s investment… Continue Reading

Layoffs at DealerSocket, Omnitracs Further Evidence Vista Equity is Preparing an IPO for Solera

Layoffs at DealerSocket, Omnitracs Further Evidence Vista Equity is Preparing an IPO for Solera

July 21, 2021 — Following a scuttled SPAC attempt earlier this year for portfolio company Solera Holdings, Vista Equity Partners now is planning for an initial public offering later this year or early next year. The original strategy called for partnering with special purpose acquisition company Apollo Growth Strategic Capital, which had raised $817 million…

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J.D. Power’s Purchase of Darwin Shows a Sector Moving Into Acquisition Phase

July 7, 2021 — After more than $200 million being invested in automotive digital retailing firms the last few years, two large strategic transactions in June signaled the sector has entered the acquisition/consolidation phase. A third deal, set to be announced this morning, pushes the total amount spent on purchases of firms offering digital retailing…

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CDK Global, Authenticom Settle Data Access Lawsuits

CDK Global, Authenticom Settle Data Access Lawsuits

October 30, 2020 — Earlier this week, CDK Global and Authenticom settled their lawsuits that were part of several data access-related lawsuits that were consolidated into a multi-district litigation (MDL) in federal court in Illinois’ Northern District. From February 2017 to February 2019 as many as seven vendors and 25 dealerships filed lawsuits against either…

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$150 Million Investment Gets Automotive DMS Startup Tekion a $1.1 Billion Valuation

$150 Million Investment Gets Automotive DMS Startup Tekion a $1.1 Billion Valuation

October 22, 2020 — Dealership technology vendor Tekion Corp. announced this morning it has raised $150 million in a recently completed Series C round led by Advent International. Other investors in the latest round are Index Ventures, Exor (the holding company of Fiat Chrysler Automobiles and Ferrari), Airbus Ventures, and FM Capital, which includes a… Continue Reading

Thoma Bravo Adds Two New Firms to the Growing J.D. Power Empire

Thoma Bravo Adds Two New Firms to the Growing J.D. Power Empire

August 7, 2020 — Since May 2019, Private equity firm Thoma Bravo has engaged in an acquisition spree in the automotive space compiling a group of five companies providing data and software services to automakers and dealers. In the last 15 months, Thoma Bravo has acquired Autodata Solutions (ChromeData), J.D. Power and Associates, Trilogy Automotive,…

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