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

Cox Automotive Acquires Xtime

It continues to be a sizzling year for acquisitions in the automotive retail space. The Banks Report has learned the latest company to be acquired is Xtime, a firm that provides technology solutions to dealership service departments. Cox Automotive is announcing this afternoon that it has acquired the Redwood City, CA-based firm for $325 million…

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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…

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