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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How FCA’s Sales Scheme was Different Than Typical ‘Punching’ Practices

How FCA’s Sales Scheme was Different Than Typical ‘Punching’ Practices

July 19, 2016 — As news leaked yesteday that the FBI and SEC is investigating Fiat Chrysler Automobiles for possible sales fraud, a key question kept popping up in conversations — how is what FCA allegedly did any different than what other automakers do when it comes to reporting sales? For years — even decades —… Continue Reading

Cliff Banks - The Banks Report

CDK Finishes Fiscal Year Strong

July 18, 2016 — Brian MacDonald’s turn around plan for CDK Global appears to be off to a good start, according to preliminary results for its fourth quarter fiscal year earnings (ending June 30, 2016). MacDonald, who was appointed president and CEO of CDK earlier this year, stepped up the company’s transformation plan that was… Continue Reading

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… Continue Reading