Vendor M&A Activity Quiet — Except for JMI Equity

Vendor M&A Activity Quiet — Except for JMI Equity

Except for a couple of investments from JMI Equity, M&A activity in the automotive retail vendor space has been silent in the fourth quarter. With three weeks left to go in the year, there have been 27 investments or acquisitions among vendors to date. (For more analysis on investment and acquisitions in the automotive retail…

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Connected Car Over the Air Updates Not a Sure Thing

Connected Car Over the Air Updates Not a Sure Thing

November 28, 2016 — Is a potential battle looming between automakers and tech firms with the government over security issues with over-the-air updates made possible by connected car technology? Billions of dollars are at stake for automakers, technology firms and even dealers, but comments from various government officials over the last several months indicate OTAs… Continue Reading

Cliff Banks - The Banks Report

Why Private Equity Likes Automotive Retail

While much of the media’s attention is on solutions and companies poised to take advantage of the pending “Connected Car” era, the investment community has made some big plays in automotive retail technology. Within the last 42 months, according to data compiled by The Banks Report nearly $50 billion in capital has changed hands through IPOs, mergers, investments… Continue Reading

TBR’s 2016 Mid-Year Automotive Retail M&A Report

TBR’s 2016 Mid-Year Automotive Retail M&A Report

July 18, 2016 — TBR’s mid-year report on automotive retail vendor M&A activity recaps the 14 acquisitions that occurred the first six months of the year. The report also provides TBR’s outlook for the rest of the year on who the buyers and sellers are, and what deals may be in play. RECAP With 14 acquisitions this year,…

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TBR 2016 Mid-Year Dealership Buy-Sell Report

TBR 2016 Mid-Year Dealership Buy-Sell Report

July 12, 2016 — Dealership acquisition activity is showing a slight slowdown according to data compiled for TBR’s 2016 Mid-Year Dealership Buy-Sell Report. (Subscribers to The Banks Report can download Excel files with buy-sell activity going back to January 2013).  Through June of 2016, there were 108 different transactions accounting for 177 rooftops changing hands. In…

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Cliff Banks - The Banks Report

Private Car Ownership — A dirty Word in Silicon Valley?

To steal a phrase, Silicon Valley appears to be gripped by an “irrational exuberance” for the future utopia promised by connected and autonomous vehicle technology. At the recent Connected & Charged conference presented by Prospect Silicon Valley held at the SAP campus in Palo Alto, CA, it was striking to see the attention given by panelists and speakers on… 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…

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Cadillac’s Project Pinnacle Becomes Reality — Virtually

Cadillac’s Project Pinnacle Becomes Reality — Virtually

June 16, 2016 — Dominating headlines over the last 10 days was Cadillac’s pending move to “encourage” approximately 400 of it smaller franchises to become virtual stores. It’s a story that demands attention — Cadillac moving to virtual reality dealerships. But the reality (not virtual) is, the move likely will have little effect except to ultimately force…

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