2017 Mid-Year Auto Retail Vendor M&A Report

2017 Mid-Year Auto Retail Vendor M&A Report

August 17, 2017 — Following a first quarter with only one announced acquisition, the second quarter ended with eight acquisitions, two public offerings and three investments, bringing the mid-year total to 13 deals in the automotive retail vendor space. The rebound puts 2017 on a similar pace with 2016 which saw 31 total deals. Much of…

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Stunning Downfall of a Manhattan Automotive Empire

Stunning Downfall of a Manhattan Automotive Empire

August 7, 2017 — Less than a year ago, Gary Flom was building an automotive empire consisting of eight dealerships in the heart of New York City with plans to sell more than $600 million worth of vehicles this year. Today, that empire is in tatters, due to a frenetic growth pace railroaded by a bitter…

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A Stay of Injunction & a FTC Investigation

A Stay of Injunction & a FTC Investigation

August 1, 2017 — Good news and bad news today on the antitrust front for CDK Global and Reynolds Reynolds. First, in the lawsuit filed by Authenticom, Judge James Peterson of the Wisconsin district court issued a temporary seven-day stay this afternoon of the preliminary injunction he granted Authenticom on Friday to give the appeals…

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Authenticom Wins Preliminary Injunction in Reynolds, CDK Antitrust Lawsuit – What Does It Mean?

Authenticom Wins Preliminary Injunction in Reynolds, CDK Antitrust Lawsuit – What Does It Mean?

July 14, 2017 — BREAKING NEWS — Authenticom today won its request for an emergency preliminary injunction forcing Reynolds and Reynolds and CDK Global to allow it access to their dealer management systems during the course of the antitrust litigation. Authenticom sued Reynolds and CDK in May alleging the two technology firms engaged in antitrust…

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CDK’s Acquisition of AutoMate – Bold Move for Investors; for Dealers, Jury is Still Out

CDK’s Acquisition of AutoMate – Bold Move for Investors; for Dealers, Jury is Still Out

June 4, 2017 — CDK Global’s pending acquisition of competitor Auto/Mate is a brilliant deal that should make investors happy. With only 1,300 or so dealerships in play and a price tag that won’t dent the bottom line (although Auto/Mate will get a nice multiple) it isn’t that big of a deal on the surface.…

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Toyota’s Vision of How Blockchain Will Change the Auto Industry

Toyota’s Vision of How Blockchain Will Change the Auto Industry

May 22, 2017 — Imagine a world where automotive vehicles are no longer depreciating assets, but are profit generating machines. That world may be here much sooner than we think. Automakers are beginning to explore blockchain, a new and disruptive technology that may prove to be critical to the creation of a mobile ecosystem where autonomous… Continue Reading

Dealership Buy-Sell Market Plummets — TBR’s 2017 1st Qtr Report

Dealership Buy-Sell Market Plummets — TBR’s 2017 1st Qtr Report

May 22, 2017 — The downward trend in dealership buy-sell activity which began in 2016 continued into the first quarter of this year with a 36% year-over-year decline, according to data compiled by The Banks Report. Also in the first quarter report, Audi continues to be aggressive in using the Right of First Refusal to…

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