Cliff Banks - The Banks Report

BMW Inflating Sales Again?

TBR has talked to several BMW dealers the last two weeks who say that BMW has been exerting significant pressure on them to engage in a practice commonly known as “punching” sales. According to the dealers, BMW zone officials have been offering anywhere from $1,000 to $3,500 in some cases, to count vehicles as sold,…

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Cliff Banks - The Banks Report

Napleton vs. Jaguar – Another Right of First Refusal Lawsuit

Longtime Illinois dealer Ed Napleton is suing Florida attorney and New York dealer Manuel Kadre; Jaguar Land Rover North America; the Long Island Automotive Group, MMS-HM and their owners, the Marubeni America Corp. It’s another lawsuit resulting from a manufacturer’s exercise of the right of first refusal in which they nix one buyer and bring… Continue Reading

Cliff Banks - The Banks Report

Analysis of DealerTrack’s Purchase of ASR Pro

DealerTrack yesterday announced the acquisition of ASR Pro, a firm that provides services to the fixed operations department. Although the deal was only for $14 million ($12 million cash, $2 million in stock and another $3 million if future performance levels are met), it sort of is a big deal in that it positions DealerTrack…

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