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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
Asbury Acquisition Highlights Growing Trend of Move into Midwest

Asbury Acquisition Highlights Growing Trend of Move into Midwest

Posted on January 9, 2018 by Cliff Banks • 0 Comments

…be looking to build a platform of dealerships in the Indianapolis market using the Hare brand. Hare began as a wagon-building shop in 1847 and had been in the same family… Continue Reading

Filed Under: Dealers, Dealership Buy/Sells, News, Public Dealer Groups, 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
CDK’s Acquisition of AutoMate – Bold Move for Investors; for Dealers, Jury is Still Out

CDK’s Acquisition of AutoMate – Bold Move for Investors; for Dealers, Jury is Still Out

Posted on June 5, 2017 by Cliff Banks • 0 Comments

June 4, 2017 — CDK Global’s pending acquisition of competitor Auto/Mate is a brilliant deal that should make investors happy. With only 1,300 or so dealerships in play...

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Filed Under: Analysis, Dealers, Home page, Manufacturers, 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
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