TBR 2016 Report on Dealership Buy-Sell Activity

TBR 2016 Report on Dealership Buy-Sell Activity

March 18, 2017 — Although 2016 saw a slight downturn in the number of transactions from 2015, dealership buy-sell activity the last three years has stayed fairly consistent, according to data compiled by The Banks Report. And 2017 is shaping up to be on par with the previous three years. From 2015 to 2016, the…

This content is for subscribers only.
Log In Subscribe
CDK, Reynolds and Reynolds Sued for Alleged Antitrust Practices

CDK, Reynolds and Reynolds Sued for Alleged Antitrust Practices

February 4, 2017 — In what may become the year’s biggest story in automotive retail, the long simmering battle over data access in the automotive retail world escalated yesterday when a third party vendor sued tech giants CDK Global, Reynolds and Reynolds and one of their joint ventures for engaging in antitrust practices. This is the first…

This content is for subscribers only.
Log In Subscribe
Asbury Acquires Oldest Family-Owned Transportation Co. in the U.S.

Asbury Acquires Oldest Family-Owned Transportation Co. in the U.S.

January 16, 2017 — The Asbury Automotive Group is buying Hare Chevrolet and its affiliated companies — a collision center, an Isuzu dealership and a truck center. Hare Chevrolet, which sits a few miles north of Indianapolis in the town of Noblesville on State Road 37, is unique because it is the oldest family-owned transportation… Continue Reading

TBR 2016 3rd Quarter Report on Dealership Buy-Sell Activity

TBR 2016 3rd Quarter Report on Dealership Buy-Sell Activity

Dealership buy-sell activity rebounded in September and October following a slow second quarter and should remain brisk for the foreseeable future. With 17 fewer transactions through the end of the third quarter, the 2016 pace is slightly off what was a record year in 2015, according to data compiled for TBR’s 2016 Third Quarter Dealership Buy-Sell Report. (Subscribers…

This content is for subscribers only.
Log In Subscribe
Lithia Acquires Carbone Auto Dealership Group

Lithia Acquires Carbone Auto Dealership Group

September 12, 2016 — Lithia Motors has acquired the 13-store Carbone Automotive Group located in New York and Vermont. It’s the second largest acquisition by number of rooftops this year, following the Holman purchase of the 15-dealership Kuni Automotive Group. Since January 2013, Lithia has acquired 67 stores, including  17 this year. The publicly traded dealer group,… Continue Reading

Salesforce and Automotive Retail — Is There a Play?

Salesforce and Automotive Retail — Is There a Play?

July 7, 2016 — The automotive retail technology world is dominated by three players today — Cox Automotive, CDK Global and Reynolds and Reynolds. On the CRM side, the major players are DealerSocket and ELead1One. Meanwhile, Salesforce is hovering around the industry. The question is, will this power structure continue over the next two to…

This content is for subscribers only.
Log In Subscribe
An Automotive Brexit Primer on What to Watch in the Coming Months

An Automotive Brexit Primer on What to Watch in the Coming Months

July 3, 2016 — The long term effects on the auto industry resulting from Great Britain’s vote to exit the European Union may well be determined by how amicable the divorce proceedings are. Early indications are that the breakup could be ugly. But it’s only been a week since the Brits shocked the world so…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

Slow Dealer Buy-Sell Pace Continues First Two Weeks of June

June 14, 2016 — (UPDATED June 16) Of the nine dealership acquisitions through the first two weeks of June, four occurred in the Denver market. In two separate transactions last week, the Larry H. Miller Group acquired three stores from Doug Moreland — Cherry Creek Dodge in Denver, Fiat of Denver and Colorado Chrysler Jeep of Aurora… Continue Reading