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Recent Analysis

Reynolds Reaches Agreement to Settle Dealer Class Action Lawsuit

Reynolds Reaches Agreement to Settle Dealer Class Action Lawsuit

October 2, 2018 — The Reynolds and Reynolds Company and several dealers part of a class action lawsuit filed against the technology vendor agreed in principle last week to settle, according to a court document filed late Friday. There is no word on what the terms of the pending settlement are. A similar agreement with…

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Amazon’s Automotive Play May Not Be What You Think

Amazon’s Automotive Play May Not Be What You Think

September 20, 2018 — Two years ago, Amazon launched its Amazon Vehicles page setting off a flurry of industry predictions the tech giant was preparing to upend and take over the automotive retail space. Not so fast. Amazon is preparing a huge push into automotive, but it’s not going to be in the sales and…

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Cox Automotive Acquires Clutch Technologies; Creates Mobility Solutions Division

Cox Automotive Acquires Clutch Technologies; Creates Mobility Solutions Division

August 13, 2018 — Cox Automotive is announcing early Monday morning it has acquired vehicle subscription start up Clutch Technologies as part of the creation of its new Mobility Solutions Division. The moves are part of a restructuring that includes an ongoing intensive review of where its 34 brands and investments fit in its overall…

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CDK Global to Integrate Lyft Concierge into Fortellis Platform

CDK Global to Integrate Lyft Concierge into Fortellis Platform

August 12, 2018 — Sources have confirmed CDK Global will announce Monday morning it is partnering with ride hailing company Lyft to provide a transportation solution for dealership service departments to integrate into their loaner fleet programs. Lyft Business’ Concierge dispatch solution — already being used by approximately 300 dealerships — will be integrated into… Continue Reading

Automotive Digital Retailing Companies

Automotive Digital Retailing Companies

July 3, 2018 — The Banks Report has compiled a list of 32 different companies providing aspects of the digital retailing/online transaction process in the automotive industry. The list has grown since our initial report in January on digital retailing. In addition, TBR is putting together an analysis of what’s actually working on the online…

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Reynolds, CDK File Counter-Suits in Antitrust Litigation

Reynolds, CDK File Counter-Suits in Antitrust Litigation

July 3, 2018 — Reynolds and Reynolds and CDK Global counter-sued Authenticom last week alleging the Wisconsin-based firm participated in cyber piracy, trade secret theft and fraud. The counter-suits are the latest in an ongoing legal battle in which as many as four vendors and 25 dealers have accused Reynolds and CDK of antitrust violations.…

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