Cliff Banks's Page
Profile Information
- Which best describes you?
- Vendor Partner
- What company do you work for (or own)?
- The Banks Report
- What is your current position within your organization?
- President
- What is your company website?
- http://www.TheBanksReport.com
- What is your Facebook page/URL?
- http://https://www.facebook.com/cliff.banks1
- What is your LinkedIn page/URL?
- http://Cliff Banks
- How did you specifically hear about DealerELITE? If referred, who?
- Chris Saraceno
- Not everyone gets approved for DealerELITE. To maintain the integrity of DealerELITE, tell us what you will have to offer once a dealerELITE member?
- Just updating my settings
Cliff Banks's Blog
Lithia Buys DCH
Posted on June 15, 2014 at 7:59am 1 Comment 5 Likes
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.
Report on 2013 Dealership Acquisition Activity published by The Banks Report
Posted on February 11, 2014 at 9:32am 2 Comments 2 Likes
Press Release about Report on 2013 Dealership Acquisition Activity compiled by The Banks Report
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)…
Want to Own a Piece of AutoTrader? Here's Your Chance
Posted on June 16, 2012 at 9:28am 6 Comments 5 Likes
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…
Facility Upgrades -- New Study Will Determine Their Impact on Sales and CSI
Posted on October 20, 2011 at 4:39pm 5 Comments 4 Likes
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…
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Great job in Miami-
Thank you for having me attend this special event- I always come away with a lot!
Later.