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 start up 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…

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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

TBR 2018 1st Quarter Auto Retail Vendor M&A Report

TBR 2018 1st Quarter Auto Retail Vendor M&A Report

April 4, 2018 — A flurry of announcements during the week of the annual National Automobile Dealers Assn.’s convention in late March capped what has been a busy first quarter for M&A activity for automotive retail vendors this year. The 17 investments and acquisitions through March puts the industry on a pace to nearly double…

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Hot Start for Auto Retail Vendor M&A Activity in the First Quarter

Hot Start for Auto Retail Vendor M&A Activity in the First Quarter

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…

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Cars.com Acquires Dealer Inspire

Cars.com Acquires Dealer Inspire

February 14, 2018 — Cars.com announced this morning it is acquiring the Chicago-based automotive retail technology firm Dealer Inspire and its digital advertising agency Launch Digital Marketing (LDM). The acquisition, which is expected to close this month, is the first for Cars.com since it became a stand-alone company after completing its public spinoff from media…

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