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On Jan. 2, GM Financial and GMAC UK acquired Ally’s 40% equity interest in SAIC-GMAC Automotive Finance Company Limited, a joint venture that conducts auto finance operations in China.
Read More →Dealertrack is expected to pay $190.3 million for incadea plc, a DMS provider that has more than 75,000 worldwide end users in nearly 3,500 dealerships.
Read More →Flick Fusion has acquired Dealer Fusion, a video marketing provider. The company will integrate features and applications from Dealer Fusion’s video platform and make them available to customers of both services.
Read More →Autobytel executives said that despite talk of AutoNation and other dealer groups moving away from third-party lead providers, the company has seen a 26% increase in third-quarter revenue thanks to its lead generation services.
Read More →Warren Buffett’s holding company, Berkshire Hathaway, is expected to complete its acquisition of the Van Tuyl Group by the opening of 2015. After the purchase, the 78-store group will operate as Berkshire Hathaway Automotive.
Read More →Banco Santander has reached an agreement with Carfinco to acquire its Canadian business for $298 million Canadian dollars. Under the agreement, a new company will be formed in which Santander will own approximately 95% of the equity, while top management of Carfinco will retain 5%.
Read More →AutoNation has acquired luxury dealership group Barrier Motors in Bellevue, Wash., adding Mercedes-Benz of Bellevue, Barrier Audi, Barrier Porsche and Barrier Volvo.
Read More →Public U.S. auto dealers are on pace to book $1 billion in acquisitions for the year, which would be an increase of 43% from 2013, according to a report from Haig Partners.
Read More →Gannett Co. has signed a definitive agreement to acquire full ownership of Cars.com for $1.8 billion in cash. Under the agreement, the media company will acquire the firm’s remaining 73% interest from its current owner, Classified Ventures LLC.
Read More →Dealertrack announced this week it has acquired all the assets of ASR Pro, a provider of a web-based multipoint-inspection solution and fixed-operations services for dealerships.
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