Cliff Banks - The Banks Report

Solera, CDK Deals Close

September 10, 2015 — Reports continue to trickle out of Wall Street about pending deals for Solera Holdings and CDK Global. An announcement for Solera could come as early as this week — and one potential buyer hints at an intriguing tie up with another big industry player.  SOLERA HOLDINGS  Reports in Bloomberg this week indicate… Continue Reading

Cliff Banks - The Banks Report

Urban Science Acquires AutoHook

September 10, 2015 — Urban Science has acquired AutoHook from HookLogic in a play to expand its online lead management services for automakers and dealers. Urban Science, long known for helping manufacturers plan their retail networks as they determine where to place dealerships, also acts as a traffic cop in the online lead space, gathering leads from automaker and third party… Continue Reading

July-August Dealership Buy-Sells Sizzling Pace

July-August Dealership Buy-Sells Sizzling Pace

September 9, 2015 — A torrid July and August in the dealership buy-sell market saw 81 rooftops change hands bringing the 2015 total to 322 through the first eight months of the year — just two shy of all of 2014’s total. Averaging about 40.25 buy-sells a month this year, the industry is on pace to…

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Cliff Banks - The Banks Report

“Punching” Sales Practice Under Fire from Maserati Dealer

September 3, 2015 — Last Friday, Stuart Hayim, owner of Recovery Racing, a group that owns Maserati and other luxury franchises in New York, New Jersey and Florida, filed a $200 million lawsuit against Maserati North America alleging the automaker forced dealers to participate in discriminatory incentive and sales programs designed to prop up sales numbers… Continue Reading

Cliff Banks - The Banks Report

Ranger’s Return?

August 28, 2015 — In December, we speculated about the possibility that Ford would resurrect the Ranger, its compact truck, in the U.S. market. Earlier this week, sources leaked to the Detroit News that Ford indeed is considering bringing the Ranger along with the Bronco back to the U.S. The move likely is part of… Continue Reading