Buy and Sell

Group 1 and Prestige settle Fla. buy-sell dispute

3:50 pm U.S. ET | Jan. 29, 2015
A dispute between Prestige Motor Car Imports and Group 1 Automotive over a buy-sell deal in Florida gone wrong is settled and the deal is back on -- for now, both sides said.... Read More »

 

RICHARD JOHNSON

A new Gold Rush sweeps over California

12:45 pm U.S. ET | Jan. 25, 2015
Like Warren Buffett and George Soros, so-called hybrid buyers -- private equity funds and super-wealthy families and combinations of the two -- are on the hunt for dealership deals. This new category of dealership buyer could turn out to be as transformational as the six public groups that rolled up a significant part of the industry almost 20 years ago.... Read More »

 

AMY WILSON

How to get a deal done

2:00 pm U.S. ET | Jan. 25, 2015
One of the reasons it might be a great time to sell your dealership? Some of the private equity groups scouting auto retail are so eager to put their investors' money to work, they'll overpay, says Tim York, managing partner of accounting firm Dixon Hughes Goodman.... Read More »

 

RICHARD JOHNSON

Lengthening loan terms get brokers', banks' attention

12:01 am U.S. ET | Jan. 24, 2015
The best handicappers of the U.S. market may be the folks lining up to buy dealerships. They place bets in the form of the multiples of earnings they're prepared to pay for stores.... Read More »

 

Blue sky values up, but buy/sell activity likely to slow as industry growth does, panel argues

2:30 pm U.S. ET | Jan. 22, 2015
Slowing vehicle sales growth rates across the industry are also likely to slow dealership buy/sell activity just as blue sky values peak, just not yet, a panel of experts on dealership transactions said at the 2015 J.D. Power Automotive Summit.... Read More »

 

Dealership buy-sell pace is hottest in years

12:01 am U.S. ET | Sept. 7, 2014
Dealership acquisitions continue to soar, positioning 2014 to be one of the most active years for buy-sells in more than a decade, say advisers who track transactions. Through July, private acquisition announcements in Automotive News more than doubled to 70 transactions from 32 in the year-earlier period, the midyear Haig Partners Blue Sky Report released last week said.... Read More »

 

Dealership Buy/Sell

12:01 am U.S. ET | Sept. 1, 2014
Group 1 Automotive, Lithia Motors and others made acquisitions.... Read More »

 

Dealership Buy/Sell

12:01 am U.S. ET | Aug. 25, 2014
BUYER: Garcia Automotive Group
SELLER: Lawton Davis
OLD NAME: Galles & Davis Cadillac-Subaru, Albuquerque, N.M.
NEW NAMES: Garcia Cadillac, Garcia Subaru
MORE: Ryan Morris and Keeley Bedford of Tim Lamb Group were the advisers.... Read More »

 

Dealership Buy/Sell

12:01 am U.S. ET | Aug. 18, 2014
This week's buy/sell listings.... Read More »

 

Dealership buy / sell

12:01 am U.S. ET | Feb. 10, 2014
Dealerships featured this week include Heller Ford, Heller Hyundai in Escondido, Calif.; M&S of Pawling in Pawling, N.Y.; L.A. Chrysler-Dodge-Jeep-Ram at LAX, Inglewood, Calif. ; O'Hare Honda, O'Hare Hyundai in Des Plaines, Ill.; Performance Chevrolet-Buick-GMC, Mountain Home, Idaho and Terry Reid Kia, Cartersville, Ga.... Read More »

 

Dealership buy / sell

12:01 am U.S. ET | Jan. 27, 2014
Dealerships featured include Jay Toyota-Scion, Jay Buick-GMC, Jay Subaru of Columbus, Jay Mazda and Volvo of Columbus, Columbus, Ga.; and Cliff Findlay Auto Center and Findlay-Nolte Honda, Kingman, Ariz.... Read More »

 

Dealership buy and sell

12:01 am U.S. ET | Dec. 9, 2013
Dealerships featured this week include Quality Hyundai, Millville, N.J.; Fremont Ford, Newark, Calif.; Rooster Bush Chevrolet-GMC- Cadillac, Morganton, N.C.; Synco Motors, Homer, La.; Eric Hill Nissan, New Orleans; and Pompano Nissan, Pompano Beach, Fla.... Read More »

 

Dealership Buy/Sell

12:01 am U.S. ET | Dec. 2, 2013
Dealerships bought and sold this week.... Read More »

 

Dealership Buy / Sell

12:01 am U.S. ET | Nov. 11, 2013
Dealerships sold include Sansone Ford, Ocean Township, N.J., and Fresno Lincoln-Volvo of Fresno, Calif.... Read More »

 

Dealership Buy / Sell

12:01 am U.S. ET | Nov. 4, 2013
Details on the sale of Crestwood Dodge-Chrysler-Jeep-Ram, Garden City, Mich.... Read More »

 

Dealership buy / sell

12:01 am U.S. ET | Sept. 23, 2013
Dealerships in the news this week are Nissan of Saco and Kia of Saco, Saco, Maine, Dartmouth Motor Sales, Newport, N.H., and Carrigan Motors, Morgan, Utah.... Read More »

 

Dealership Buy / Sell

12:01 am U.S. ET | Sept. 9, 2013
Dealerships sold include Don Davis Honda, Amherst, N.Y.; BMW of Orland Park, Orland Park, Ill.; Toyota of Lewisville, Lewisville, Texas; and Desert European Motorcars, Rancho Mirage, Calif.... Read More »

 

Dealership Buy / Sell

12:01 am U.S. ET | Aug. 19, 2013
Dealerships sold include Conyers Hyundai, Conyers, Ga.; Conyers Kia and Stonecrest Toyota, Lithonia, Ga.; Don Davis Toyota, Arlington, Texas; SanTan Honda, Chandler, Ariz.; Hyundai of Tempe, Tempe, Ariz.; Rountree Ford-Lincoln, Shreveport, La.; Weseloh Honda, Weseloh Nissan and Weseloh Kia, San Juan Capistrano, Calif.... Read More »

 

Dealership Buy / Sell

12:01 am U.S. ET | Aug. 12, 2013
Dealerships sold include Sullivan Toyota, Wichita Falls, Texas; Scott Motor Co., Reno, Nev.; Riverbank Volkswagen, Stamford, Conn.; and Newnan Chrysler-Dodge-Jeep-Ram, Newnan, Ga.... Read More »

 

EDITORIAL

The heart of the deal

12:01 am U.S. ET | Aug. 5, 2013
More dealerships are changing hands in these post-recession days, but it's never an easy task. The commercial aspects are complex in themselves, but each deal is highly personal. Usually, the seller is parting with a business that has had years of investment, devotion and sweat poured into it.... Read More »

 

Dealership Buy and Sell

12:01 am U.S. ET | July 29, 2013
Dealerships sold include Gary Mathews of Nashville, Antioch, Tenn., Rinke Cadillac, Warren, Mich., Twin City Honda and Twin City BMW, Savoy, Ill., and Torrington Honda, Torrington, Conn.... Read More »

 

Dealers shop less, sell more at auctions

12:01 am U.S. ET | July 22, 2013
Franchised dealers relied less on auctions for used vehicles in 2012 than in more than a dozen years.... Read More »

 

Better info speeds car shopping journey

12:01 am U.S. ET | July 15, 2013
As consumers compress their car-shopping journeys, they are spending less time in showrooms.... Read More »

 

Dealer Buy and Sell

12:01 am U.S. ET | June 17, 2013
Buyers include Lithia, Garff, Pope, Fenton and Jenkins. Sellers include Roberson, O'Brien and Group 1.... Read More »

 

Buy-sell activity is on the rise

12:01 am U.S. ET | May 6, 2013
A year-end shopping spree by public dealership groups boosted dealership buy-sell activity sharply higher at the end of 2012 -- and the upswing, which is pushing dealership values higher, is continuing during the first half of 2013.... Read More »

 

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