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Lithia will acquire 100% of DCH Auto Group Inc.'s outstanding shares, bringing together two of the largest dealer groups in the nation.
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Dealertrack officials reported this week that average monthly subscription revenues from dealers were up 30% in the first quarter, thanks in part to the company’s recent acquisition of Dealer.com. Company officials also revealed plans to combine Dealer.com’s CRM capabilities with Dealertrack's own offering to produce a single solution.
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Dealertrack’s Raj Sundaram says the industry is in the midst of major change. He believes the company’s acquisition of Dealer.com puts the firm in the perfect position to respond.
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GM Financial realized its second best year for credit metrics in 2013, which drove profitability for the captive finance company. But officials believe credit will be ‘a bit weaker’ in 2014.
Read More →Public dealer groups continue to exercise discipline in terms of their acquisition strategy, but The Banks Report shows that acquisition activity was robust overall last year — particularly during the opening and closing months of 2013.
Read More →Fiat completed its acquisition of all of the VEBA Trust’s membership interests in Chrysler Group LLC. Chrysler Group is now a wholly-owned subsidiary of Fiat.
Read More →The transaction significantly expands Autobytel’s dealer network and is expected to deliver meaningful increases in revenue and cash flow.
Read More →Dealertrack Technologies reports that an agreement is in place for the technology company to acquire Dealer.com. Dealertrack will retain the Dealer.com name and is expected to appoint CEO Rick Gibbs as executive vice president and group president of its digital marketing solution team.
Read More →Group 1 Automotive Inc. has completed the acquisition of Jay Automotive Group, which operates six franchises in Columbus, Ga.
Read More →Reynolds acquires XtreamService, a company that provides a data mining tool designed to help dealerships identify in-market customers. The software company counts the chairman of Hendrick Automotive Group as one of its founders.
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