Holman Automotive to Acquire Kuni Automotive

Holman Automotive to Acquire Kuni Automotive

April 11, 2016 — The Holman Automotive Group will announce tomorrow morning that it is acquiring Kuni Automotive, The Banks Report has learned. The acquisition brings together two storied automotive companies and creates one of the country’s largest privately held dealer groups with 33 dealerships located in eight states generating more than $3 billion in annual revenue.… Continue Reading

The Modern Showroom — Thoughts from NADA

The Modern Showroom — Thoughts from NADA

Most dealerships today are configured to yesterday’s processes and experiences. The environment hasn’t kept up with the digital age.  While most dealerships have effective websites and Internet processes, their store images often don’t reflect the new realities of today’s society – touch screen mobile devices; interactive and personalized digital signage and virtual reality (VR) applications. But… Continue Reading

1st Quarter Recap & Future Outlook for Auto Retail Vendor Acquisitions

1st Quarter Recap & Future Outlook for Auto Retail Vendor Acquisitions

April 5, 2016 — Despite a relatively quiet first quarter, the hot merger and acquisition pace among automotive retail vendors the last couple of years should continue well into 2016. From January 2014 to December 2015, the industry saw 47 IPOs, acquisitions and investments totaling an estimated $37 billion in capital changing hands. (Read TBR’s recap…

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Public Dealer Group Buy-Sell Activity to Slow; Private Activity Hot

Public Dealer Group Buy-Sell Activity to Slow; Private Activity Hot

March 31, 2016 — From January 2013 to December 2015, the six public dealer groups acquired 149 new car dealership rooftops, including 24 stores in Brazil, Spain and the United Kingdom, adding an approximate $8.7 billion in revenue over the three years. The acquisitions comprise 15% of the 1,002 total buy-sells tracked by The Banks Report the last three years.…

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Fiat Revamps Floundering Retail Strategy

Fiat Revamps Floundering Retail Strategy

March 10, 2016 — It’s back to the drawing board for Sergio Marchionne’s grand strategy for Fiat’s return to the U.S. Five years after the Italian brand began its comeback in the U.S., Marchionne’s retail strategy is floundering. Sales are down 15% through February this year, even with the recent launch of the much-awaited 500X, whose…

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Big Earnings Miss for TrueCar; Perry Manages Expectations

Big Earnings Miss for TrueCar; Perry Manages Expectations

February 18, 2016 — Chip Perry’s first priority as the new CEO of TrueCar is to help the company regain dealer trust. A close second is managing investor expectations of what’s realistic for the public company this year as it makes several investments to position itself for long term growth. Perry laid out his vision…

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Westlake Financial Prevails in Patent Dispute with Credit Acceptance Corp.

Westlake Financial Prevails in Patent Dispute with Credit Acceptance Corp.

January 28, 2016 — The nearly three-year patent dispute between Westlake Financial and the Credit Acceptance Corporation is finally over. And the news wasn’t good for CAC as the Patent Trial and Review Board ruled this week that several claims it makes regarding the disputed patent fall under the Cover Business Method (CBM) classification, essentially…

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GM’s Factory Pre-Owned Collection – Good for Dealers?

GM’s Factory Pre-Owned Collection – Good for Dealers?

January 16, 2016 — General Motors’ Factory Pre-owned Collection, announced last week during the North American International Auto Show, looks to be an intriguing opportunity for the automaker’s dealers, but it does raise questions. There are benefits, but numerous dealers have emailed TBR expressing concern that GM is trying to provide a solution to a problem that doesn’t…

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Pounding of Auto Retail Stocks Continues

Pounding of Auto Retail Stocks Continues

January 18, 2016 — When the stock market closed Friday, shares of the seven publicly traded automotive retail companies (including Carmax) had lost on average, 27% of their value since the market’s opening for the year two weeks earlier on January 4. Wall Street finished the week with its roughest two-week opening of any year…

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