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Jared Hamilton
From: Jared Hamilton
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Exclusive Blog Posts

2017 Presidents Club Insights - Patrick McMullen

2017 Presidents Club Insights - Patrick McMullen

Listen to what Patrick McMullen from MAXDigital has to say about the future of automotive, what dealers can do today to prepare, and how DrivingSales Presi…

Five Tips for Selling Used or Certified Pre-Owned Vehicles

Five Tips for Selling Used or Certified Pre-Owned Vehicles

Selling used or certified pre-owned vehicles can be daunting task. With prices, laws, and competition varying across the country selling a pre-owned car fo…

What Motivates Your Employees to Perform?

What Motivates Your Employees to Perform?

Sorting through resumes, you find applicants who show potential. There are some with experience to walk on the job and set your service department abla…

How to Recruit the Best Talent for Your Dealership

How to Recruit the Best Talent for Your Dealership

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2017 Presidents Club Insights - Mark Brown

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Cox Hits Credit Line For $100 Million to Buy VinSolutions

According to rbr.com "Cox will be borrowing $100 million on its current credit lines to close the deal."

This does not mean that the Autotrader.com purchase of VinSolutions was valued at $100 million, it just needed this cashflow to complete the deal. 

There were so many numbers thrown out there about how much VinSolutions sold for, but we may never know that exact number right now.  This article shed some light on the background financing of the transaction so I wanted to share it on DrivingSales.

Here is the full scope of the article, and if you click on the image you can go to the original story.  

Autotrader Borrows $100 Million

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