Get Ready to Rumble — UAW Negotiations with the Detroit 3 Begin This Week

Get Ready to Rumble — UAW Negotiations with the Detroit 3 Begin This Week

July 10, 2023 — Dealers selling one or more of the Big Three domestic automotive brands may want to mark September 14, 2023, on their calendars.  At midnight on September 14, the current contracts between the United Auto Workers Union and Ford Motor Co., General Motors, and Stellantis will expire, resulting in what likely will… Continue Reading

Cliff Banks - The Banks Report

Relative Unknown Makes Big Play in UK

June 25, 2023 — A surprise announcement last week as The Alpha Auto Group (a Canadian-based with stores in the US) has made a bid to acquire the UK-based Lookers group for $596 million (£465mn). A few months ago, we heard that a Canadian group was looking at the British market but assumed it was… Continue Reading

Knight Rider Era Begins?

Knight Rider Era Begins?

June 20, 2023 — Remember Knight Rider? Nearly 41 years ago, the talking and intelligent 1982 Pontiac Firebird Trans Am (AKA known as KITT) first appeared on NBC, tickling our imaginations about what it would be like to have a conversation with our cars. Nothing more than fantasy land. Talking to a car has been… Continue Reading

Cliff Banks - The Banks Report

Hot Start for M&A Activity in Auto Retail Tech in 2023

January 26, 2023 — M&A activity in the auto retail vendor space continues its brisk pace at the beginning of 2023 with Vehlo’s announcement this week that it has acquired Velocity Automotive from Hugh Hathcock and Rapid Recon from Dennis McGinn. Both deals were completed late in the fourth quarter, but announced only this week.…

This content is for subscribers only.
Log In Subscribe
J.D. Power Acquires ZappyRide

J.D. Power Acquires ZappyRide

January 10, 2023 — Acquisition activity in the automotive retail vendor space is off to a brisk start in 2023. Following last week’s announcement that APCO Holdings had acquired National Auto Care, J.D. Power announced this morning it has acquired ZappyRide, to bolster its new E-Vision initiative created to provide software and data to greentech… Continue Reading