Auto Retail’s Industry’s Next Disruptor?

Auto Retail’s Industry’s Next Disruptor?

January 13, 2019 — Two somewhat obscure press releases last week hint at what may be the next “disruption” in the auto retail industry. Disruption is an easy term to throw around, but in automotive retail, three areas are ripe for significant innovation — CRM, service and dealer management systems. The Banks Report isn’t in…

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Cliff Banks - The Banks Report

Launch of Pivet Solution Indicates Bigger Mobility Play by Cox

January 13, 2019 — As part of its transformation into becoming a leading player in automotive mobility, Cox Automotive’s Mobility Group launched its new Pivet brand Sunday at a media event in Detroit prior to today’s opening of the North American International Auto Show. Pivet aims to build a network of service and maintenance hubs…

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Fair to Go Global with SoftBank Investment

December 20, 2018 — Fueled by a $385 million Series B investment led by SoftBank, vehicle subscription platform Fair is going global. After officially launching in August 2017, Fair is now in 26 U.S. markets with nearly 52,000 vehicles from 3,200 dealerships available on its mobile app. More than 20,000 consumers have used the platform… Continue Reading

Vendor M&A at Record Levels

Vendor M&A at Record Levels

November 13, 2018 —  A flurry of 26 deals since the beginning of September has pushed the year’s total to 64, a record for investments and acquisitions in the automotive retail vendor space. The blistering pace continued into the first week of November with data analytics firm Marchex’s purchase of Telmetrics and Infomedia’s acquisition of…

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Amazon’s Automotive Play

For Autovate 2018 Attendees 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… Continue Reading

Cliff Banks - The Banks Report

Former Intel CEO Assumes Top Spot at CDK Global

November 7, 2018 — CDK Global announced this morning it has named Brian Krzanich as president and chief executive officer, replacing Brian MacDonald. Krzanich, 58, spent 36 years at Intel, including serving as its CEO from May 2013 to June 2018. He also was named to CDK’s board of directors. Krzanich generally received high marks… Continue Reading

CDK, Reynolds and Reynolds Fourth Attempt to Dismiss Antitrust Cases Fails

CDK, Reynolds and Reynolds Fourth Attempt to Dismiss Antitrust Cases Fails

October 23, 2018 — Reynolds and Reynolds and CDK Global and their joint venture Computer Vehicle Registration (CVR) failed in their fourth attempt to dismiss the lawsuits alleging they engaged in several antitrust activities. Late Monday, Judge Robert Dowd in Illinois’ Northern District denied the defendant’s motions to dismiss the lawsuits filed by Motor Vehicle… Continue Reading