What China’s Automotive Struggles Means for the U.S.

What China’s Automotive Struggles Means for the U.S.

January 1, 2015 — China’s car dealers’ inventory battle with automakers shows the need for strong franchise laws. Also, what do the current challenges in the Chinese automotive market mean for the U.S. and the potential entry by players such as Volvo’s parent Geely or the Warren Buffett-backed BYD Auto?  The recent spate of stories highlighting…

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Cliff Banks - The Banks Report

Dealerships Are Key in Cyber Attack Wars

December 27, 2014 — Much of the auto industry’s discussion regarding cyber warfare focuses on the inherent vulnerabilities of the connected vehicle. But one area that receives little scrutiny is the retail side of the automotive industry. This will soon change as dealerships likely will become one of the central battlefields in the cyber wars that will be… Continue Reading

Cliff Banks - The Banks Report

DealerTrack Announces incadea Acquisition

December 18, 2014 — DealerTrack today announced it has acquired the international DMS firm incadea for $190.3 million (about $63 million more than incadea’s market cap) using cash on hand and cash from existing credit facilities. The company was once owned by Reynolds and Reynolds from 2003 to 2007. It’s an important deal — and…

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Auto Alert Patent Dispute Has Big Implications

Auto Alert Patent Dispute Has Big Implications

December 11, 2014 — Recent developments in patent law playing out in an expensive two year dispute involving Auto Alert, DealerSocket and Dominion Dealer Services portend a world in which defending patents that are for business based processes becomes significantly more difficult. How will the dispute affect the data mining equity world in automotive retail space? And…

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DealerTrack to go Global?

DealerTrack to go Global?

December 5, 2015 — DealerTrack apparently likes to make surprise announcements in December. Last year, it announced the acquisition of Dealer.com in what turned out to be a $987 million deal. Yesterday, the Long Island-based dealer technology firm confirmed it is in preliminary discussions to make another acquisition and will announce its decision by or on January 1,…

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