DOJ Approves Cox’s Purchase of Dealertrack

DOJ Approves Cox’s Purchase of Dealertrack

September 30, 2015 — The Department of Justice yesterday approved Cox Automotive’s acquisition of Dealertrack provided Dealertrack completes the sale of its Inventory+ solution. The DOJ is requiring the divestiture of Inventory+ because it believes allowing Cox to own both vAuto and Inventory+ would provide Cox with too much of that market , and hence, limit… Continue Reading

IHS – Strong Quarter; Denies Pursuing Solera

IHS – Strong Quarter; Denies Pursuing Solera

September 29, 2015 — The Solera saga takes an interesting turn today as IHS used its quarterly earnings call with analysts to deny media reports that is pursuing an acquisition of Solera. We speculated a couple of weeks ago that Solera would be a good fit for IHS. Both Reuters and Bloomberg reported last week that…

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Cliff Banks - The Banks Report

TBR Weekly Top 10 — Sept. 25

September 25, 2015 — Herb Chambers for Sale?  CFPB Admits Problems; Will Carmakers Kill Uber? Salesman Confidential; Top Trends; WV Catches VW; UAW Vote Not a Slam Dunk; Honda Civic. The TBR Weekly Top 10 is our list of what we believe are the week’s must-read stories from various sources on the web. The stories that… Continue Reading

Cox, Dealertrack Acquisition to Close in October

Cox, Dealertrack Acquisition to Close in October

September 24, 2015 — Despite four extensions of Cox Automotive’s all cash tender offer for Dealertrack, the companies announced today that the deal is now expected to close in October. Executives originally projected the $4.2 billion acquisition would close by the end of the third quarter, but a sale of Dealertrack’s Inventory+ to Dealersocket last month… Continue Reading

Vista’s Acquisition of Solera — Maybe Not

Vista’s Acquisition of Solera — Maybe Not

September 22, 2015 — Vista Equity Partners’ pending $6.5 billion acquisition of Solera Holdings may be on hold as news leaked this week that another buyer has entered the picture creating what may be a bidding war for the service and collision repair software firm. The new potential buyer is IHS, confirming what we speculated…

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Two Big Deals Fuel September Buy-Sell Pace

Two Big Deals Fuel September Buy-Sell Pace

September 18, 2015 — In the first 18 days of September, there have been at least 20 dealerships that have changed hands, bringing the annual total to 342, far surpassing 2014’s 324 total. September’s hot pace has been fueled by two deals this week — Napleton Automotive Group’s purchase of a six store-group in Illinois and… Continue Reading

TBR Weekly Top 10 – Sept. 18

TBR Weekly Top 10 – Sept. 18

September 18, 2015 — Why you need corporate security; Changes in car buying; Preparing for normalization; Why you’ll never buy a driverless vehicle; OEMs slack approach to cyber security; Co-op money – what’s it good for? Hyundai’s future dealership. The TBR Weekly Top 10 is our list of what we believe are the week’s must-read stories… Continue Reading