Gannett’s Buy of Cars.com Pushes 2014 to Record Yr for Acquisitions in Automotive Retail

Gannett’s Buy of Cars.com Pushes 2014 to Record Yr for Acquisitions in Automotive Retail

Confirming rumors that have persisted since April, Gannett Co. announced this morning that it is paying $1.8 billion to its four partners to acquire the portion of Cars.com it does not already own. Cars.com is owned by Classified Ventures, which is a joint venture between Gannett, A.H Belo Corp., Graham Holdings Co., Tribune Media and McClatchy. Gannett…

This content is for subscribers only.
Log In Subscribe
Dean Evans to LotLinx

Dean Evans to LotLinx

Now we know where Dean Evans has landed – LotLinx. We wrote about LotLinx (last fall) and it’s an intriguing product that is trying to capitalize on the current dissatisfaction with the third-party lead model by pushing shoppers directly to the dealership’s vehicle display page. We’ll have a lot more to write about on this…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

KKR Acquires Internet Brands and CarsDirect

Internet Brands, the parent company to CarsDirect.com and AutoData Solutions, was acquired today by the private equity group KKR for $1.1 billion. JMI Equity and Hellman & Friedman have owned Internet Brands since 2010 when they paid $640 million to take the company private. CEO Bob Brisco, who has run the company since the fall…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

Vista’s Interesting Play with DealerSocket

The story regarding DealerSocket and Vista Equity Partners’ investment in the CRM firm is a bit clearer today but still raises several questions. TBR first broke the story while at the Digital Dealer conference in Atlantic City on May 6th on Twitter reporting that Vista Equity had acquired a majority interest in DealerSocket. A private…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

Vista Equity Acquires Majority Stake in DealerSocket

The story regarding DealerSocket and Vista Equity Partners’ investment in the CRM firm is a bit clearer today but still raises several questions. TBR first broke the story while at the Digital Dealer conference in Atlantic City on May 6th on Twitter reporting that Vista Equity had acquired a majority interest in DealerSocket. A private…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

DealerTrack Acquires Dealer.com — What the Deal Means

Editor’s note: We updated a couple of sections below — the updates are in italics. We stated that Dealer.com was number one in marketshare for websites. The Cobalt Group has an estimated 9,000 franchise dealer websites in North America, Dealer.com has 7,000.  We have several thoughts regarding DealerTrack’s acquisition of Dealer.com which was announced late…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

Industry Data Practices Leave Dealers Legally Exposed

December 3, 2013 — Several days ago automotive data analytics firm Dataium announced it had settled with the New Jersey Attorney General’s office over an investigation into how it was tracking the web browsing habits of visitors to automotive dealership websites. New Jersey’s Consmer Affairs Division alleged Dataium engaged in “history sniffing,” in which it…

This content is for subscribers only.
Log In Subscribe