Buy and Sell

Giant Miller group reshuffles for the buy-sell bonanza

12:01 am U.S. ET | March 23, 2015

A drastic restructuring at the nation's fourth largest private dealership group is the latest sign of changing times in the auto retail business. Eager to expand, the giant Larry H. Miller Group of Cos. last week positioned itself for a new era in which private equity and other nontraditional buyers are coming on fast.... Read More »

Buy-sell deals, blue sky soar

12:01 am U.S. ET | March 16, 2015

Buy-sell transactions surged last year, sending dealership values higher, especially for luxury brands.... Read More »


BLOG: Buyers make big bets on dealerships in a seller's world

9:55 am U.S. ET | Feb. 18, 2015

You know it is a seller's market when the seller can dictate all the shots, and I mean all the shots. I was speaking to a buy-sell adviser this week, who shared an unsolicited anecdote because this adviser was so awe struck by it.... Read More »

Car dealer wannabes must pay the price

12:01 am U.S. ET | Feb. 16, 2015

Last month medical industry entrepreneur Taseer Badar became a dealer the way most do these days: by forking out huge sums, in this case to Gerald Hollingsworth for his Mercedes-Benz, BMW and Mazda stores. The deal illustrates the twists and big bucks involved in buy-sells today.... Read More »

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 »


BLOG: 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 »


BLOG: 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 »


BLOG: 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 »


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 »

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