CDK Global, Authenticom Settle Data Access Lawsuits

CDK Global, Authenticom Settle Data Access Lawsuits

October 30, 2020 — Earlier this week, CDK Global and Authenticom settled their lawsuits that were part of several data access-related lawsuits that were consolidated into a multi-district litigation (MDL) in federal court in Illinois’ Northern District. From February 2017 to February 2019 as many as seven vendors and 25 dealerships filed lawsuits against either…

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Thoma Bravo Adds Two New Firms to the Growing J.D. Power Empire

Thoma Bravo Adds Two New Firms to the Growing J.D. Power Empire

August 7, 2020 — Since May 2019, Private equity firm Thoma Bravo has engaged in an acquisition spree in the automotive space compiling a group of five companies providing data and software services to automakers and dealers. In the last 15 months, Thoma Bravo has acquired Autodata Solutions (ChromeData), J.D. Power and Associates, Trilogy Automotive,…

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Legal and Legislative Update on the Ongoing War for DMS Data Access

Legal and Legislative Update on the Ongoing War for DMS Data Access

August 5, 2020 — A recent judicial ruling may be the most promising sign yet that third-party technology vendors will soon be free of alleged expensive and restrictive data access policies enacted by CDK Global and Reynolds and Reynolds. On July 24, a judge in Arizona’s District Court ruled against a motion filed by Reynolds…

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Lithia Motors Strong 2nd Qtr; Armed for Aggressive Acquisition Strategy

Lithia Motors Strong 2nd Qtr; Armed for Aggressive Acquisition Strategy

Updated: 5-yr growth plan and new online brand unveiled. July 22, 2020 — Lithia Motors’ share price is at its all-time high trading above $195 in early trading this morning — which is up from $62.98 on March 18. The Oregon-based dealer group reported its highest ever second-quarter net income this morning generating $3.72 per… Continue Reading

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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