Dealership Buy-Sell June Recovery Points to Sizzling 2nd Half

Dealership Buy-Sell June Recovery Points to Sizzling 2nd Half

July 9, 2020 — After a short COVID-19-induced respite in April and May, the dealership buy-sell market is back in business in a big way finishing the first half on par with 2019 activity. All signs are pointing to a sizzling third quarter continuing a pace set in June that saw 22 transactions involving 31…

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Ansira Completes Acquisition of CDK’s Digital Marketing Business

Ansira Completes Acquisition of CDK’s Digital Marketing Business

April 22, 2020 — Ansira Partners this morning announced it has finalized the purchase of CDK Global Digital Marketing Business and is renaming it Sincro. including all advertising solutions and website services. The deal positions Ansira to expand its automotive business, specifically with General Motors, one of CDK’s top OEM clients. Ansira has had a… Continue Reading

Carvana Leads the Charge Public Dealer Groups Rebound

Carvana Leads the Charge Public Dealer Groups Rebound

April 14, 2020 — Online used-vehicle retailer Carvana share price jumped nearly 23% yesterday to $75.28 and is up nearly another $7 in early trading this morning. That’s a 228.6% increase from just over three weeks ago when its stock price hit its 52-week low of $22.91. Each of the eight public dealer group stocks…

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Buy-Sell Activity to Plummet

Buy-Sell Activity to Plummet

March 19, 2020 — Earlier this week, the Asbury Automotive Group (ABG) filed an 8-K document with the SEC informing investors it “intends to continue to evaluate alternatives,” regarding its pending acquisition of 10 dealerships from the Park Place group in Texas. The announcement is not a surprise given what the entire country — and…

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DealerSocket’s Pending Purchase of Auto/Mate Gives Window into Vista Equity’s Automotive Strategy

DealerSocket’s Pending Purchase of Auto/Mate Gives Window into Vista Equity’s Automotive Strategy

January 8, 2020 — Vista Equity Partners-backed DealerSocket announced this week it has agreed to acquire dealer management software vendor Auto/Mate. The deal (which as of yet, does not have a timeline) provides insight into Vista’s automotive plans, but there are questions still to be answered. Vista Equity is one of the bigger investors in…

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General Motors Announces New Dealership Website Vendors – Why It’s a Big Deal

General Motors Announces New Dealership Website Vendors – Why It’s a Big Deal

September 16, 2019 — CDK Global’s 15-year run as being the exclusive vendor for General Motors’ dealership websites came to an official end last week as the automaker announced an additional three providers to its website program. The move likely will reshape the dealership website landscape over the next couple of years. The new vendors…

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Public Dealer Stocks on a Tear

Public Dealer Stocks on a Tear

July 25, 2019 — Public dealer stocks have jumped an average of more than $5 over the last two days fueled by stronger-than-expected second-quarter earnings from AutoNation and Lithia Motors. The run began with AutoNation’s second-quarter earnings release on Tuesday in which it reported a record $1.12 earnings-per-share exceeding analysts expectations. The nation’s largest dealer…

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Not the First Choice, but Miller is the Right Choice for AutoNation

Not the First Choice, but Miller is the Right Choice for AutoNation

July 23, 2019 — Late yesterday afternoon, AutoNation announced long-time CFO and vice president Cheryl Miller as its new CEO and president. She’s replacing Carl Liebert. On the surface, the change was a shock. Liebert had only assumed the top job at the nation’s top-selling dealer group in March after a months-long search that reportedly…

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