Cliff Banks - The Banks Report

TBR Notes – Week of September 6

September 6, 2016 — Below is a new section for premium subscribers to The Banks Report. We would call it “Cliff Notes,” but that is copyrighted and I prefer not to tempt the lawyers. So we have opted for the title, “TBR Notes.” It will be our perspective of the bigger news stories and what they may mean…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

Why Private Equity Likes Automotive Retail

While much of the media’s attention is on solutions and companies poised to take advantage of the pending “Connected Car” era, the investment community has made some big plays in automotive retail technology. Within the last 42 months, according to data compiled by The Banks Report nearly $50 billion in capital has changed hands through IPOs, mergers, investments… Continue Reading

How FCA’s Sales Scheme was Different Than Typical ‘Punching’ Practices

How FCA’s Sales Scheme was Different Than Typical ‘Punching’ Practices

July 19, 2016 — As news leaked yesteday that the FBI and SEC is investigating Fiat Chrysler Automobiles for possible sales fraud, a key question kept popping up in conversations — how is what FCA allegedly did any different than what other automakers do when it comes to reporting sales? For years — even decades —… Continue Reading

Cliff Banks - The Banks Report

Private Car Ownership — A dirty Word in Silicon Valley?

To steal a phrase, Silicon Valley appears to be gripped by an “irrational exuberance” for the future utopia promised by connected and autonomous vehicle technology. At the recent Connected & Charged conference presented by Prospect Silicon Valley held at the SAP campus in Palo Alto, CA, it was striking to see the attention given by panelists and speakers on… Continue Reading

Cadillac’s Project Pinnacle Becomes Reality — Virtually

Cadillac’s Project Pinnacle Becomes Reality — Virtually

June 16, 2016 — Dominating headlines over the last 10 days was Cadillac’s pending move to “encourage” approximately 400 of it smaller franchises to become virtual stores. It’s a story that demands attention — Cadillac moving to virtual reality dealerships. But the reality (not virtual) is, the move likely will have little effect except to ultimately force…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

Data Access Issues Not Unique to Automotive Retail

June 8, 2016 — I hear often from third party vendors that the “heavy-handed” data access or integration practices of Reynolds and Reynolds and CDK Global is a dynamic unique to the automotive industry. That’s not exactly the truth. An intriguing article in American Banker magazine this week highlights the struggles the banking industry is having… Continue Reading