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

Tentative UAW Contracts a Win-Win for All Parties, but Some Workers are Saying, No Deal

Tentative UAW Contracts a Win-Win for All Parties, but Some Workers are Saying, No Deal

Photo courtesy of Shutterstock & Luigi Morris October 30, 2023 (With November 14th updates) — The dust is still settling from the recent tentative settlements between the United Auto Workers union and the Detroit Three automakers. Still, initial details reflect agreements that may be a win-win for both sides following a 40+ day strike costing… Continue Reading

Asbury in Talks to Acquire Jim Koons – An Analysis

Asbury in Talks to Acquire Jim Koons – An Analysis

September 7, 2023 — This week, the Asbury Automotive Group filed an 8-K with the SEC, alerting the market it is talking to the Jim Koons Automotive Companies about purchasing its 21 dealerships.  (UPDATE: Asbury announced it is acquiring Koons — Read more Here.) The filing most likely was precipitated by the news leaking out… Continue Reading

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

Magnesium & Silicon Shortages Threaten Vehicle Production

Magnesium & Silicon Shortages Threaten Vehicle Production

October 27, 2021 — As the auto industry continues to manage an ongoing chip shortage, a looming magnesium and silicon shortage is threatening to erode vehicle production even further. Magnesium and silicon are key ingredients in the production of aluminum alloy, which is used in numerous vehicle parts. Silicon also is a main component in…

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Rodo Lands Big Investors as Investment in Auto Digital Retailing Remains Hot

Rodo Lands Big Investors as Investment in Auto Digital Retailing Remains Hot

(Photo Source: Shutterstock, Photographer: Jaguar PS) July 28, 2021 — Hollywood actor and noted comedian Kevin Hart sees the upside in automotive digital retailing and has decided to ride along with a group of investors putting $18 million into Rodo, a mobile app that lets customers lease, purchase, or sell a vehicle online. Hart’s investment… Continue Reading

Layoffs at DealerSocket, Omnitracs Further Evidence Vista Equity is Preparing an IPO for Solera

Layoffs at DealerSocket, Omnitracs Further Evidence Vista Equity is Preparing an IPO for Solera

July 21, 2021 — Following a scuttled SPAC attempt earlier this year for portfolio company Solera Holdings, Vista Equity Partners now is planning for an initial public offering later this year or early next year. The original strategy called for partnering with special purpose acquisition company Apollo Growth Strategic Capital, which had raised $817 million…

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Cliff Banks - The Banks Report

J.D. Power’s Purchase of Darwin Shows a Sector Moving Into Acquisition Phase

July 7, 2021 — After more than $200 million being invested in automotive digital retailing firms the last few years, two large strategic transactions in June signaled the sector has entered the acquisition/consolidation phase. A third deal, set to be announced this morning, pushes the total amount spent on purchases of firms offering digital retailing…

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