The Banks Report is making its analysis of the deal available today at: http://www.thebanksreport.com/quarterly-report.html.
it's the biggest deal since 2002 when Sonic bought the Massey Group, and is the second monster deal in the last couple of weeks -- David Wilson Automotive acquired Fletcher Jones' Las Vegas Toyota store for $75 million two weeks ago.
Below is just some of the data you'll find in the report:
(Report includes industry's most comprehensive list of dealership acquisitions in 2013)…Continue
Last night, AutoTrader filed registration papers with the Securities Exchange Commission to go public. The IPO is slated to start at around $300 million, and will be used to pay off debts, according to AutoTrader.
The company did not indicate how many shares (they will be common stock) or at what price they will be offered. Neither was a date provided, but it should happen before the end of the year.
We had heard rumblings AutoTrader was going to make this move either…
Last October, I gave the keynote presentation at the AICPA conference in Phoenix (going on today and tomorrow in Orlando). In it, I mentioned the OEMs' continued insistence on of "forcing" expensive facility upgrades on their dealers.
A luxury dealer mentioned after the presentation that his OEM was forcing another expensive and profit draining…Continue