August 5, 2024 — The world’s economy looks much different than it did last Wednesday. Overnight, Japan’s Nikkei 225 stock index plunged more than 4,400 points – 12.5% – the biggest drop since 1987, forcing a suspension of trading. The Nikkei’s Monday decline follows a series of troubling economic news in the U.S. at the… Continue Reading
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
(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
July 9, 2020 — After a short COVID-19-induced respite in April and May, the dealership buy-sell market is back in business in a big way, finishing the first half on par with 2019 activity. All signs point to a sizzling third quarter, continuing the pace set in June, which saw 22 transactions involving 31 rooftops.… Continue Reading
May 15, 2020 — Despite recent speculation the government will enact a “Cash-for-Clunkers” type deal to help spur car sales as it did in 2009, there are several reasons why a similar play this year likely will not happen. The “Cash-for-Clunkers” program — its official name was the Car Allowance Rebate System (CARS) — was…
February 3, 2020 — A month into the new year and there have been seven investments and acquisitions announced with at least one more expected in the next several days in the auto retail vendor space. The January activity continues the pace set in 2019 in which more than 70 acquisitions and investments were transacted.…
November 1, 2019 — Pivotal. That’s probably the best word to describe vendor mergers and acquisitions and investments among automotive retail vendors in 2019. Aggressive roll-up plays, new directions, and evolving industries forming now will reshape the industry over the next five years. In TBR’s Third Quarter Report on Auto Retail Vendor Merger and Acquisition…
November 13, 2018 — A flurry of 26 deals since the beginning of September has pushed the year’s total to 64, a record for investments and acquisitions in the automotive retail vendor space. The blistering pace continued into the first week of November with data analytics firm Marchex’s purchase of Telmetrics and Infomedia’s acquisition of…
July 3, 2018 — The Banks Report has compiled a list of 32 different companies providing aspects of the digital retailing/online transaction process in the automotive industry. The list has grown since our initial report in January on digital retailing. In addition, TBR is putting together an analysis of what’s actually working on the online… Continue Reading
As automakers begin flooding the market with electric vehicles (EV) the next couple of years, a key question yet to be answered is just how much tax credits drive demand for a segment that makes up 1% of the new car market. For Tesla and General Motors, the question is critical because both automakers are… Continue Reading