Notifications & Messages

Jared Hamilton
From: Jared Hamilton
Hey - It’s time to join the thousands of other dealer professionals on DrivingSales. Create an account so you can get full access to the articles, discussions and people that are shaping the future of the automotive industry.
×
JD Rucker

JD Rucker Founder

Exclusive Blog Posts

Why Writing Down Sales Goals Inspires Action

Why Writing Down Sales Goals Inspires Action

As you're considering your business plans for the upcoming year, you may have decided that you want to start setting larger goals for your business. In…

Most Valuable Insight WINNER - Ian Curickshank

Most Valuable Insight WINNER - Ian Curickshank

How well does dealership VDP engagement correlate to car sales? What do you measure your online marketing on? I'm sure lead form submissions are…

New Vehicle Retail Demand Slumping, Edmunds Forecasts

New Vehicle Retail Demand Slumping, Edmunds Forecasts

SANTA MONICA, Calif. — April 26, 2017 — Edmunds, the leading car shopping and information platform, forecasts that 1,431,695 new cars and trucks …

Bimmer-Con To Feature Daryl Dixon Motorcycle Giveaway In Benefit Of Female Veterans Unite, Inc.

Bimmer-Con To Feature Daryl Dixon Motorcycle Giveaway In Benefit Of Female Veterans Unite, Inc.

BMW of Sarasota will host its first ever BimmerCon on Saturday, April 29th from 6:00 p.m. to 9:00 p.m. at its dealership located at 5151 Clark Road, Sa…

Audi Clearwater Among Top 86 U.S. Audi Dealers, Earns Coveted Magna Society Status

Audi Clearwater Among Top 86 U.S. Audi Dealers, Earns Coveted Magna Society Status

The Crown Automotive Group dealer was 1 of only 86 U.S. Audi dealers to qualify for the prestigious 2016 Magna Society Award. Audi Clearwater was evaluated…

Dealertrack to Buy Dealer Authority in $1 Billion Deal

BillionDollarDeal.jpg?width=750

Dealertrack Technologies, a leading provider of financial services software to auto dealers, has agreed to purchase digital-marketing newcomer Dealer Authority for about $1 billion.

The deal will not be finalized until it goes through regulatory approval and is expected to be complete by the end of 2nd quarter, 2014. Around half of the purchase will be made in cash with the other half coming in the form of common shares.

"We thought about holding out for more, but then we recounted the zeroes in the number and decided to take the offer," said Tyson Madliger, CEO of Dealer Authority. "There's really no need to be greedy at this point."

Dealertrack finished last year with another blockbuster deal, buying Dealer.com for around the same price. Their hope is that this latest acquisition will add another element to their impressive digital marketing repertoire.

Some in the industry are skeptical. With the news being released on April 1st, it's possible that it's all just an April Fool's Day joke. After all, who would expect Dealer Authority to sell for so little?

Louie Baur
Smoking deal!
Craig Waikem
This was great.

 Unlock all of the community & features  Join Now