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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Cars.com Acquires Dealer Inspire

Cars.com Acquires Dealer Inspire

February 14, 2018 — Cars.com announced this morning it is acquiring the Chicago-based automotive retail technology firm Dealer Inspire and its digital advertising agency Launch Digital Marketing (LDM). The acquisition, which is expected to close this month, is the first for Cars.com since it became a stand-alone company after completing its public spinoff from media…

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TBR 2017 Automotive Retail Vendor M&A Year End Report

TBR 2017 Automotive Retail Vendor M&A Year End Report

Februrary 9, 2018 —  Welcome to our fourth annual TBR Automotive Retail Vendor M&A Report. Our M&A reports on vendor acquisition and investment activity are published quarterly along with an annual year-end report. The reports provide insight and analysis of each acquisition, investment and IPO from the previous year including an outlook for the upcoming…

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