(Photo Source: Shutterstock, Photographer: Jaguar PS) July 28, 2021 — Hollywood actor and noted comedian Kevin Hart sees the upside in automotive digital retailing and has decided to ride along with a group of investors putting $18 million into Rodo, a mobile app that lets customers lease, purchase, or sell a vehicle online. Hart’s investment… Continue Reading
July 9, 2020 — After a short COVID-19-induced respite in April and May, the dealership buy-sell market is back in business in a big way finishing the first half on par with 2019 activity. All signs are pointing to a sizzling third quarter continuing a pace set in June that saw 22 transactions involving 31…
May 15, 2020 — Despite recent speculation the government will enact a “Cash-for-Clunkers” type deal to help spur car sales as it did in 2009, there are several reasons why a similar play this year likely will not happen. The “Cash-for-Clunkers” program — its official name was the Car Allowance Rebate System (CARS) — was…
February 3, 2020 — A month into the new year and there have been seven investments and acquisitions announced with at least one more expected in the next several days in the auto retail vendor space. The January activity continues the pace set in 2019 in which more than 70 acquisitions and investments were transacted.…
November 1, 2019 — Pivotal. That’s probably the best word to describe vendor mergers and acquisitions and investments among automotive retail vendors in 2019. Aggressive roll-up plays, new directions, and evolving industries forming now will reshape the industry over the next five years. In TBR’s Third Quarter Report on Auto Retail Vendor Merger and Acquisition…
November 13, 2018 — A flurry of 26 deals since the beginning of September has pushed the year’s total to 64, a record for investments and acquisitions in the automotive retail vendor space. The blistering pace continued into the first week of November with data analytics firm Marchex’s purchase of Telmetrics and Infomedia’s acquisition of…
July 3, 2018 — The Banks Report has compiled a list of 32 different companies providing aspects of the digital retailing/online transaction process in the automotive industry. The list has grown since our initial report in January on digital retailing. In addition, TBR is putting together an analysis of what’s actually working on the online… Continue Reading
As automakers begin flooding the market with electric vehicles (EV) the next couple of years, a key question yet to be answered is just how much tax credits drive demand for a segment that makes up 1% of the new car market. For Tesla and General Motors, the question is critical because both automakers are… Continue Reading
March 6, 2018 — Despite industry perception that dealership consolidation is on the rise, buy-sell activity of U.S.-based stores declined in 2017 for the second consecutive year, based on data compiled by The Banks Report. Even with the downward trend the last two years, the buy-sell market has been vibrant since 2013 as the industry… Continue Reading
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…