Cliff Banks - The Banks Report

Launch of Pivet Solution Indicates Bigger Mobility Play by Cox

January 13, 2019 — As part of its transformation into becoming a leading player in automotive mobility, Cox Automotive’s Mobility Group launched its new Pivet brand Sunday at a media event in Detroit prior to today’s opening of the North American International Auto Show. Pivet aims to build a network of service and maintenance hubs…

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Cliff Banks - The Banks Report

Former Intel CEO Assumes Top Spot at CDK Global

November 7, 2018 — CDK Global announced this morning it has named Brian Krzanich as president and chief executive officer, replacing Brian MacDonald. Krzanich, 58, spent 36 years at Intel, including serving as its CEO from May 2013 to June 2018. He also was named to CDK’s board of directors. Krzanich generally received high marks… Continue Reading

CDK, Reynolds and Reynolds Fourth Attempt to Dismiss Antitrust Cases Fails

CDK, Reynolds and Reynolds Fourth Attempt to Dismiss Antitrust Cases Fails

October 23, 2018 — Reynolds and Reynolds and CDK Global and their joint venture Computer Vehicle Registration (CVR) failed in their fourth attempt to dismiss the lawsuits alleging they engaged in several antitrust activities. Late Monday, Judge Robert Dowd in Illinois’ Northern District denied the defendant’s motions to dismiss the lawsuits filed by Motor Vehicle… Continue Reading

Cliff Banks - The Banks Report

Lyft’s RideShare Services Integrated into RedCap’s Transportation Platform

October 11. 2018 — While Lyft executives continue to predict the end of private ownership, the rideshare company is expanding its business into dealerships. It’s latest foray is with RedCap Technologies, which today announced the launch of a new courtesy shuttle solution leveraging Lyft’s Concierge API platform. RedCap, which was acquired by Solera Holdings earlier… Continue Reading

Reynolds Reaches Agreement to Settle Dealer Class Action Lawsuit

Reynolds Reaches Agreement to Settle Dealer Class Action Lawsuit

October 2, 2018 — The Reynolds and Reynolds Company and several dealers part of a class action lawsuit filed against the technology vendor agreed in principle last week to settle, according to a court document filed late Friday. There is no word on what the terms of the pending settlement are. A similar agreement with…

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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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CDK Global to Integrate Lyft Concierge into Fortellis Platform

CDK Global to Integrate Lyft Concierge into Fortellis Platform

August 12, 2018 — Sources have confirmed CDK Global will announce Monday morning it is partnering with ride hailing company Lyft to provide a transportation solution for dealership service departments to integrate into their loaner fleet programs. Lyft Business’ Concierge dispatch solution — already being used by approximately 300 dealerships — will be integrated into… Continue Reading

Automotive Digital Retailing Companies

Automotive Digital Retailing Companies

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