February 25, 2016 — CDK Global made it official yesterday announcing it has acquired the product portfolios of NewCar IQ and Red Bumper from Pearl Technology Holdings LLC. NewCar IQ is a new vehicle inventory management system while Red Bumper helps dealers manage their used vehicle inventories. CDK will combine the two products to create a solution…
February 23, 2016 — Reynolds and Reynolds will announce today that it has acquired ReverseRisk, a web-based analytics reporting platform for automotive dealers. It will become part of Reynold’s Retail Management System. Additionally, NCM Associates’s agreement to resell the platform under the NCM axcessa name will continue following the acquisition. David Spisak, co-founder and president of… Continue Reading
February 20, 2016 — Building on a strategy he hinted at more than a year ago, Cadillac President President Johan de Nysschen outlined a retail strategy this week at a dealer meeting in California that calls for hundreds of the brand’s smaller dealerships to become virtual showrooms. A key part of de Nysschen’s strategy is how… Continue Reading
February 18, 2016 — Chip Perry’s first priority as the new CEO of TrueCar is to help the company regain dealer trust. A close second is managing investor expectations of what’s realistic for the public company this year as it makes several investments to position itself for long term growth. Perry laid out his vision…
February 12, 2016 (UPDATED February 15 – in bold) — The U.S. junk-bond market may be giving the folks at Vista Equity Partners and Solera Holdings some heartburn this week. According to a report in Reuters this morning, Solera is having trouble convincing investors to participate in $4 billion debt sale to back its acquisition…
February 6, 2016 — Group 1 Automotive continues to trim its presence in the Northeast divesting of three dealerships there within the last several weeks. Meanwhile, the nation’s third largest dealer group announced this week it has completed the acquisition of the 12-store Spire Automotive Group located in metro London in the United Kingdom. At the end of… Continue Reading
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 the Patent Trial and Review Board ruled this week that several claims it makes regarding the disputed patent fall under the Cover Business Method (CBM) classification, essentially…
January 20, 2016 — The domains are going quick — more than 700 auto-specific domains have purchased from Cars Registry, a joint venture between XYZ and Uniregistry, since the “sunrise” period began on December 9 of last year. Today marks the beginning of public availability of urls with the .Car, .Cars and .Auto extensions. Several dealership… Continue Reading
January 16, 2016 — General Motors’ Factory Pre-owned Collection, announced last week during the North American International Auto Show, looks to be an intriguing opportunity for the automaker’s dealers, but it does raise questions. There are benefits, but numerous dealers have emailed TBR expressing concern that GM is trying to provide a solution to a problem that doesn’t…
January 18, 2016 — When the stock market closed Friday, shares of the seven publicly traded automotive retail companies (including Carmax) had lost on average, 27% of their value since the market’s opening for the year two weeks earlier on January 4. Wall Street finished the week with its roughest two-week opening of any year…
