Cars.com Sale Likely Close, Here’s a Rundown of Possible Buyers

Cars.com Sale Likely Close, Here’s a Rundown of Possible Buyers

March 10, 2019 — An announcement regarding who Cars.com’s new owner will be could be made as early as this week. The company is an attractive play for numerous players — both from a strategic and an investment perspective. Cars announced in January the board had voted at the end of September to retain J.P.…

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Flurry of M&A Deals in Auto Retail Tech Kicks Off 2019

Flurry of M&A Deals in Auto Retail Tech Kicks Off 2019

January 21, 2019 — A flurry of several mergers and acquisitions last week among auto retail vendors started 2019 off with a bang. Through the first two weeks of the year, six deals have been announced. The fast start follows a record-breaking 2018 in which 77 deals were completed. Additionally, Cars.com announced last week its board retained…

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Vendor M&A at Record Levels

Vendor M&A at Record Levels

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…

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Cox Automotive Acquires Clutch Technologies; Creates Mobility Solutions Division

Cox Automotive Acquires Clutch Technologies; Creates Mobility Solutions Division

August 13, 2018 — Cox Automotive is announcing early Monday morning it has acquired vehicle subscription startup Clutch Technologies as part of the creation of its new Mobility Solutions Division. The moves are part of a restructuring that includes an ongoing intensive review of where its 34 brands and investments fit in its overall strategy…

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Carvana Adds 3D Augmented Reality with Acquisition of Car360

Carvana Adds 3D Augmented Reality with Acquisition of Car360

April 17, 2018 — Online used vehicle retailer Carvana announced this morning it has acquired Car360, an Atlanta-based start up that developed a mobile app with one the first commercially available uses of 3D computer vision, machine learning and augmented reality technology for the automotive industry. The acquisition adds 3D and augmented reality technology to the… Continue Reading

Cliff Banks - The Banks Report

FusionZONE Acquires Seattle-based MotorWebs

April 4, 2018 — Acquisition activity in the dealer website world suddenly has become hot with the third deal since last November. This afternoon, fusionZONE Automotive LLC announced it is acquiring competitor MotorWebs Inc. The acquisition is the 18th automotive retail vendor deal this year and follows Primus Capital’s majority investment into fusionZONE last November.… Continue Reading