TBR’s 2016 3rd Quarter Automotive Retail Vendor M&A Update

TBR’s 2016 3rd Quarter Automotive Retail Vendor M&A Update

October 25, 2016 – Automotive retail vendor merger and acquisition activity slowed slightly in the third quarter with only nine deals and investments announced bringing the total for the year to 25, according data compiled by The Banks Report. The third quarter review provides TBR’s outlook for the fourth quarter along with a recap of all…

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Amazon’s Automotive Retail Play — Is It About the Data?

Amazon’s Automotive Retail Play — Is It About the Data?

August 28, 2016 — Amazon.com surprised the automotive industry last week rolling out Amazon Vehicles, an extension of its Amazon automobiles portal. The question is, how does Amazon’s strategy affect automotive retail? The answer for now is, it doesn’t. But it will depending on what Amazon’s next move is. The initiative is the first step of a…

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CDK Grows Share of DMS Market as Margins Increase

CDK Grows Share of DMS Market as Margins Increase

August 12, 2016 — Perhaps the most striking data point from CDK Global’s recent earnings filing is that it is gaining share of the overall North American dealer management system market while also growing the average amount from those contracts. CDK also announced strong results for its 2016 fiscal year along with an agreement with activist investor Elliott Partners to increase the… Continue Reading

TBR’s 2016 Mid-Year Automotive Retail M&A Report

TBR’s 2016 Mid-Year Automotive Retail M&A Report

July 18, 2016 — TBR’s mid-year report on automotive retail vendor M&A activity recaps the 14 acquisitions that occurred the first six months of the year. The report also provides TBR’s outlook for the rest of the year on who the buyers and sellers are, and what deals may be in play. RECAP With 14 acquisitions this year,…

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TBR 2016 Mid-Year Dealership Buy-Sell Report

TBR 2016 Mid-Year Dealership Buy-Sell Report

July 12, 2016 — Dealership acquisition activity is showing a slight slowdown according to data compiled for TBR’s 2016 Mid-Year Dealership Buy-Sell Report. (Subscribers to The Banks Report can download Excel files with buy-sell activity going back to January 2013).  Through June of 2016, there were 108 different transactions accounting for 177 rooftops changing hands. In…

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Salesforce and Automotive Retail — Is There a Play?

Salesforce and Automotive Retail — Is There a Play?

July 7, 2016 — The automotive retail technology world is dominated by three players today — Cox Automotive, CDK Global and Reynolds and Reynolds. On the CRM side, the major players are DealerSocket and ELead1One. Meanwhile, Salesforce is hovering around the industry. The question is, will this power structure continue over the next two to…

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An Automotive Brexit Primer on What to Watch in the Coming Months

An Automotive Brexit Primer on What to Watch in the Coming Months

July 3, 2016 — The long term effects on the auto industry resulting from Great Britain’s vote to exit the European Union may well be determined by how amicable the divorce proceedings are. Early indications are that the breakup could be ugly. But it’s only been a week since the Brits shocked the world so…

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Air Bags and Dealer Buy-Sells?

Air Bags and Dealer Buy-Sells?

June 13, 2016 — The collateral damage resulting from the Takata airbag disaster likely will start affecting dealership buy-sell activity at the public group level for the near future. The issue is the number of used vehicles that currently are in inventory at the public dealer groups that cannot be sold because of the recall. The…

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Cliff Banks - The Banks Report

Cox Automotive Continues Restructuring

June 10, 2016 — Cox Automotive is still working to properly align its pieces following the $4.1 billion acquisition of DealerTrack last fall. As of NADA, it appeared that the restructuring was complete, but today, executives are announcing internally a series of moves realigning some its most visible pieces. The big move Cox is making…

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CDK Investors Keep Pressure on the Tech Leader

CDK Investors Keep Pressure on the Tech Leader

June 9, 2016 — (UPDATED June 18) — CDK Global activist investor Elliott Management followed up its letter from May 4 with a second letter yesterday urging the tech firm to move faster in implementing its capital return plan while being more transparent with shareholders. Five hours later, CDK announced it is accelerating its $1…

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