Automotive Digital Retailing Companies

Automotive Digital Retailing Companies

July 3, 2018 — The Banks Report has compiled a list of 32 different companies providing aspects of the digital retailing/online transaction process in the automotive industry. The list has grown since our initial report in January on digital retailing. In addition, TBR is putting together an analysis of what’s actually working on the online…

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Reynolds, CDK File Counter-Suits in Antitrust Litigation

Reynolds, CDK File Counter-Suits in Antitrust Litigation

July 3, 2018 — Reynolds and Reynolds and CDK Global counter-sued Authenticom last week alleging the Wisconsin-based firm participated in cyber piracy, trade secret theft and fraud. The counter-suits are the latest in an ongoing legal battle in which as many as four vendors and 25 dealers have accused Reynolds and CDK of antitrust violations.…

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Carvana Adds 3D Augmented Reality with Acquisition of Car360

Carvana Adds 3D Augmented Reality with Acquisition of Car360

April 17, 2018 — Online used vehicle retailer Carvana announced this morning it has acquired Car360, an Atlanta-based start up that developed a mobile app with one the first commercially available uses of 3D computer vision, machine learning and augmented reality technology for the automotive industry. The acquisition adds 3D and augmented reality technology to the… Continue Reading

Cliff Banks - The Banks Report

Leucadia Becomes Second Large Investment Firm to Exit Dealership Business in 6 Months

April 10, 2018 — Leucadia National Corporation announced yesterday it is selling its equity and real estate interests in dealer group Garcardia to the Garff family, its partners in the joint venture that began in 2006. Leucadia, a publicly traded holding company (LUK – NYSE) holds a 75% interest in Garcadia, which includes 28 dealerships…

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TBR 2018 1st Quarter Auto Retail Vendor M&A Report

TBR 2018 1st Quarter Auto Retail Vendor M&A Report

April 4, 2018 — A flurry of announcements during the week of the annual National Automobile Dealers Assn.’s convention in late March capped what has been a busy first quarter for M&A activity for automotive retail vendors this year. The 17 investments and acquisitions through March puts the industry on a pace to nearly double…

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Cliff Banks - The Banks Report

Auto Industry Enters Era of Uncertainty

March 30, 2018 — On the wall outside the executive conference room at Cars.com’s headquarters, is a mural. It’s a picture of a two-lane road in the forest that bends abruptly to the left. The turn —  which is a bit misty — is so sharp, we can’t see what’s beyond the bend. CEO and… Continue Reading

Cliff Banks - The Banks Report

Why the Dealer Franchise Model Will Not Go Extinct

(Republished from LinkedIn) March 21, 2018 — There’s a narrative being pushed at conferences, in headlines, on social media, in studies or customer surveys and in investor meetings that the dealership model is not long for this earth. And this mindset is starting to take hold within the industry itself — consultants, vendors and even… Continue Reading

Hot Start for Auto Retail Vendor M&A Activity in the First Quarter

Hot Start for Auto Retail Vendor M&A Activity in the First Quarter

February 26, 2018 — We’re still not through February but there have been 14 investments, acquisitions and mergers already this year with vendors in the automotive retail space, up from two in the first quarter of last year. Seven of the deals have been in the online transaction space where investments have continued a frenzied…

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