February 13, 2015 — In a lawsuit you don’t see every day, Hyundai is suing a Chevrolet store for importing parts and selling them to its dealers in the U.S. Meanwhile, Subaru filed a lawsuit against one of its California dealers for falsifying customer service surveys. Wonder how long before that store is on the…
February 12, 2014 — Right now, it’s a simple share buyback plan that would be-activist investor Harry Wilson is trying to foist upon General Motors. But does the former architect of President Obama’s automotive bailout plan have other plans in mind also? If so, it could be bad news for General Motors dealers. This week, Harry…
February 4, 2015 — Felix Sabates Closes Bentley Store; Number of Stores & Average Sales Up in 2014; Mike Sullivan, Barry Switzer Acquire Primeaux Kia in Tulsa Felix Sabates Closes Bentley Store Felix Sabates, has closed the Bentley dealership in Charlotte that he opened in November 2013. Sabates is a partner in several stores with Terry Taylor and…
January 29, 2015 — Group 1 & Prestige Reach Settlement; FCA’s Impressive 2014; W.P. Carey expands into U.K. with $350 Million Deal; Jim Ellis Sells VW Store/ Group 1 Automotive and Prestige Imports Reach Settlement Group 1 Automotive’s pending acquisition of the nation’s top selling Audi dealership took a step closer to completion yesterday following…
January 28, 2015 — Fort Walton Beach Stores Sold for $80 Million; Penske Buys Land Rover Dealership; Texans Find Ohio to be Tough; Oregon Dealer Dies; It’s Huge — and Not in a Good Way; Mac Haik Acquires Nissan Store Fort Walton Beach Stores Sold for $80 Million In a deal we reported on two weeks ago, Texas-based…
January 26, 2015 — Sitting in the San Francisco airport waiting for a flight (after missing my morning flight) and going through nearly 50 pages of notes from last week’s NADA convention and related conferences. I’m not a big theme guy, but on the last day of the convention, that seemed to be the question I heard the… Continue Reading
January 15, 2015 — It’s time for some perspective now that some of the dust has settled from Elon Musk’s explosive appearance in Detroit on Tuesday during which he managed to casually drop at least three bombshells about Tesla. When he first got on stage at the Automotive News World Congress, Tesla’s founder and CEO appeared…
January 14, 2015 — In today’s TBR Daily Report: IHS’ shares jump on strong fourth quarter; Former GM, Partner in Alex Rodriguez Mercedes to Buy Florida Luxury Group; Volvo to import cars from China IHS Reports Strong 4th Quarter We include IHS in our coverage because it is the parent company of R. L. Polk…
January 13, 2015 — The Banks Report began a new feature this week for subscribers — The TBR Daily Report, which provides short clips of analysis and news you may have missed. In today’s TBR Daily Report:: Chinese online firm BitAuto’s shares plunge; Volkswagen to add 100 dealerships; Washington, IA dealership bankrupt. AutoTrader’s Bitauto Gets…
January 12, 2015 — We are announcing a new feature for the subscribers of The Banks Report — a daily news wrap of stories you may have missed or you that you may find only on The Banks Report. News of Interest today includes DealerTrack exiting the Canadian market; Toyota Motor Sales and Sirius XM…