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Cliff Banks - The Banks Report

Slow Dealer Buy-Sell Pace Continues First Two Weeks of June

Posted on June 14, 2016 by Cliff Banks • 0 Comments

…Dominguez into the deal likely was part of GM’s strategy to increase its minority-owned dealership numbers. The dealership had been in the Hanigan family for 91 years. The Boucher Group… Continue Reading

Filed Under: Dealers, Dealership Buy/Sells, News, Public Dealer Groups
Cliff Banks - The Banks Report

Private Car Ownership — A dirty Word in Silicon Valley?

Posted on July 11, 2016 by Cliff Banks • 0 Comments

…that consumers have yet to grasp the benefits of electric vehicles, despite what so-called experts say). Instead of ownership, we’ll either share in a lease with friends and family (although… Continue Reading

Filed Under: Blog, Legal/Political, News, Trends
The Modern Showroom — Thoughts from NADA

The Modern Showroom — Thoughts from NADA

Posted on April 8, 2016 by Cliff Banks • 0 Comments

…addition to dealer and brand specific content, ABN has family-friendly prime time content provided by 72 different content partners. A customer can sit in a dealership for a week and… Continue Reading

Filed Under: Analysis, Dealers, Home page, Manufacturers, Trends, Vendors
Buy-Sell Activity to Plummet

Buy-Sell Activity to Plummet

Posted on March 19, 2020 by Cliff Banks • 0 Comments

March 19, 2020 — Earlier this week, the Asbury Automotive Group (ABG) filed an 8-K document with the SEC informing investors it “intends to continue to evaluate alternatives,”...

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Filed Under: Analysis, Dealers, Dealership Buy/Sells, Home page, Reports
Public Dealer Group Buy-Sell Activity to Slow; Private Activity Hot

Public Dealer Group Buy-Sell Activity to Slow; Private Activity Hot

Posted on March 31, 2016 by Cliff Banks • 0 Comments

March 31, 2016 — From January 2013 to December 2015, the six public dealer groups acquired 149 new car dealership rooftops, including 24 stores in Brazil, Spain and the United Kingdom,...

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Filed Under: Analysis, Dealers, Dealership Buy/Sells, Home page, Public Dealer Groups, Reports, Trends
Cliff Banks - The Banks Report

TrueCar Settles — Wins — Legal Dispute with Sonic Automotive

Posted on July 29, 2015 by Cliff Banks • 0 Comments

…Sonic Automotive). Sonic had decided to call its one price initiative TruePrice. TrueCar immediately filed a lawsuit alleging the name infringed upon its “True” family of brands. It wasn’t much… Continue Reading

Filed Under: Analysis, Blog, Dealers, Legal/Political, Public Dealer Groups, Vendors
Cliff Banks - The Banks Report

IndiGO Acquires BMW Store in CA — UPDATED

Posted on September 1, 2016 by Cliff Banks • 0 Comments

…year. Blue acquired the BMW store from the same group he purchased Desert European Cars from in August 2013 — Gene Whisenhunt, Jerry Johnson and the Hickingbotham family.  … Continue Reading

Filed Under: Dealership Buy/Sells, News
Cliff Banks - The Banks Report

Cars.com to Acquire Vehicle Valuation & Appraisal Company

Posted on February 8, 2022 by Cliff Banks • 0 Comments

…the CARS family to help accelerate innovative digital solutions for the auto retail space.” ¹CARS Internal Data, Q3 2021 ²NADA Used Car Data for… Continue Reading

Filed Under: Dealers, Home page, Vendor Acquisitions, Vendors
Cliff Banks - The Banks Report

Primus Capital Invests in FusionZone

Posted on November 1, 2017 by Cliff Banks • 0 Comments

…Competitor Pro, will join the board. Husband and wife team Brett and Karen Sutherlin co-founded the company in 2009 after Brett’s family had sold their 23-store group to AutoNation. Brett… Continue Reading

Filed Under: News, Vendor Acquisitions, Vendors
Westlake Financial Prevails in Patent Dispute with Credit Acceptance Corp.

Westlake Financial Prevails in Patent Dispute with Credit Acceptance Corp.

Posted on January 28, 2016 by Cliff Banks • 0 Comments

January 28, 2016 — The nearly three-year patent dispute between Westlake Financial and the Credit Acceptance Corporation is finally over. And the news wasn’t good for CAC as...

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Filed Under: Analysis, Home page, Legal/Political, News, Vendors
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