Cliff Banks - The Banks Report

The TBR Weekly Top 10 – October 10, 2015

October 10, 2015 — Volkswagen dealers screwed; Consumer Reports tests VW cars; Former rockstar dealer pleads guilty; Musk slams Apple; Land Rover driving Tata Motors stock; Criminal employees; Changing car ownership; Civic tries to regain its crown; FCA misfires on tier-two. The TBR Weekly Top 10 is our list of what we believe are the… Continue Reading

Cliff Banks - The Banks Report

TBR Weekly Top 10 — October 2, 2015

October 2, 2015 — 500 Car Pileup; Dealerships and car hacking; 30 minute car deals; Karma returns – sort of; Diesel scandal hurting car sales? Why are we still buying from dealers? Automakers driving car sharing; X marks the spot; GM’s vision of the future. The TBR Weekly Top 10 is our list of what… Continue Reading

Cliff Banks - The Banks Report

Scary News for Dealers from the Cyber War Front

October 2, 2015 — As the automotive industry moves at breakneck speed into the connected car era, making cyber security a leading challenge, dealerships are often left out of the conversation. TBR wrote in December 2014 an analysis of how dealerships were going to become a key battlefront in defending against cyber attacks. One of… Continue Reading

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

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

Krafcik Leaves TrueCar for Google

Krafcik Leaves TrueCar for Google

September 14, 2015 — (We updated this story on September 18). It was a busy late Sunday evening/Monday morning as news broke last night that TrueCar President John Krafcik has left the company to lead Google’s autonomous vehicle efforts. Krafcik is the biggest name hired by either Google or Apple for their autonomous vehicle programs. He… Continue Reading

Cliff Banks - The Banks Report

TBR Weekly Top 10

September 11, 2015 — This feature is a list of of intriguing, quirky and informative stories about the automotive industry that we found on the Internet from this week. Look for this is going to become a regular feature each week of the TBR Weekly. We hope you enjoy! 1. Speeding Up Online Car Sales Car Lister… Continue Reading

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

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