Cliff Banks - The Banks Report

TBR Daily Report — January 14, 2015

January 14, 2015 — In today’s TBR Daily Report: IHS’ shares jump on strong fourth quarter; Former GM, Partner in Alex Rodriguez Mercedes to Buy Florida Luxury Group; Volvo to import cars from China IHS Reports Strong 4th Quarter We include IHS in our coverage because it is the parent company of R. L. Polk…

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Cliff Banks - The Banks Report

TBR Daily Report — January 13

January 13, 2015 — The Banks Report began a new feature this week for subscribers — The TBR Daily Report, which provides short clips of analysis and news you may have missed. In today’s TBR Daily Report:: Chinese online firm BitAuto’s shares plunge;  Volkswagen to add 100 dealerships; Washington, IA dealership bankrupt. AutoTrader’s Bitauto Gets…

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Cliff Banks - The Banks Report

The TBR Daily Report — January 12

January 12, 2015 — We are announcing a new feature for the subscribers of The Banks Report — a daily news wrap of stories you may have missed or you that you may find only on The Banks Report. News of Interest today includes DealerTrack exiting the Canadian market; Toyota Motor Sales and Sirius XM…

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GM vs. Tesla Heats Up

GM vs. Tesla Heats Up

January 11, 2015 — The auto show in Detroit hasn’t yet officially begun, but we already have what likely will be the event’s biggest story — the suddenly heated battle between General Motors and Tesla for dominance over the electric vehicle segment. Tomorrow morning’s unveiling of GM’s concept of its new electric vehicle, dubbed the Bolt —… Continue Reading

Why Are Activist Investors Targeting CDK?

Why Are Activist Investors Targeting CDK?

January 11, 2015 — CDK Global suddenly is attracting the attention of Wall Street investors and analysts following two prominent hedge funds taking activist positions in the company since its IPO and spinoff from ADP in early October. The early returns have been strong — a stock price that began trading in the mid-twenties hit…

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What China’s Automotive Struggles Means for the U.S.

What China’s Automotive Struggles Means for the U.S.

January 1, 2015 — China’s car dealers’ inventory battle with automakers shows the need for strong franchise laws. Also, what do the current challenges in the Chinese automotive market mean for the U.S. and the potential entry by players such as Volvo’s parent Geely or the Warren Buffett-backed BYD Auto?  The recent spate of stories highlighting…

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Cliff Banks - The Banks Report

Dealerships Are Key in Cyber Attack Wars

December 27, 2014 — Much of the auto industry’s discussion regarding cyber warfare focuses on the inherent vulnerabilities of the connected vehicle. But one area that receives little scrutiny is the retail side of the automotive industry. This will soon change as dealerships likely will become one of the central battlefields in the cyber wars that will be… Continue Reading

Cliff Banks - The Banks Report

DealerTrack Announces incadea Acquisition

December 18, 2014 — DealerTrack today announced it has acquired the international DMS firm incadea for $190.3 million (about $63 million more than incadea’s market cap) using cash on hand and cash from existing credit facilities. The company was once owned by Reynolds and Reynolds from 2003 to 2007. It’s an important deal — and…

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