Top Dealer Groups – Not Much Change in 20 Years

Top Dealer Groups – Not Much Change in 20 Years

May 31, 2024 — Automotive News recently published its annual list of the industry’s top 150 dealer groups. Each year, I study the list to see the trends, and to determine whether any seismic industry changes may be lurking beneath the radar. Until a couple of years ago when Ward’s stopped publishing it, the annual… Continue Reading

Serent Capital-Backed CallRevu Acquires TotalCX, Bringing 2024 Industry Deal Total to 11

Serent Capital-Backed CallRevu Acquires TotalCX, Bringing 2024 Industry Deal Total to 11

May 15, 2024 — Serent Capital-backed CallRevu announced this week that it has acquired TotalCX from its founders, Gary Graves and Jack Behar.  The deal is Serent Capital’s fourth investment in the automotive technology sector. It acquired fintech provider and auto retailer Tricolor Auto in 2010 (sold to Ganas Auto group in 2016), Motility Software,… Continue Reading

M&A Action in Automotive Retail Heats Up as 3 Monster Deals Take Shape

M&A Action in Automotive Retail Heats Up as 3 Monster Deals Take Shape

May 6, 2024 — A flurry of transactions in April indicates that investment and acquisition activity among tech players in the automotive retail space is starting to heat up after a slow 2023 and early 2024.  Anchoring the activity are three pending monster deals that, if completed, could raise multiples for other companies looking for… Continue Reading

Inflation Data Not Yet Cooperating for Interest Rate Cuts This Year – But That May Change

Inflation Data Not Yet Cooperating for Interest Rate Cuts This Year – But That May Change

March 12, 2024 — At the start of 2024, conventional wisdom held that Federal Reserve Chairman Jay Powell would initiate a series of interest rate cuts throughout the year as inflation began to slow. Some optimistic economists even predicted up to six cuts in total for this year. However, the financial narrative took an unexpected… Continue Reading

The Coming China Automotive Godzilla – A threat or Opportunity for Dealers? The Answer is Yes

The Coming China Automotive Godzilla – A threat or Opportunity for Dealers? The Answer is Yes

A modern-day automotive Godzilla, the likes of which we have not seen before, is how China expert Michael Dunne described China’s automotive juggernaut last week in a presentation at the Canadian Automobile Dealers Association Summit.  Chinese automakers “could be the single biggest disruptor this decade” in the auto industry, Dunne said.  The question is whether… Continue Reading

Ford Dealers Win in Illinois

Ford Dealers Win in Illinois

November 14, 2023 — According to a bulletin from the Illinois Automobile Dealers Association today, the state’s Motor Vehicle Review Board confirmed the October 24th proposed decision by Hearing Officer Mark Kuchler finding for the 26 Ford dealers who filed a protest against Ford’s Model e certification program.  Today’s announcement was a formality as Ford had indicated it would… Continue Reading