'For sale' signs out, but why no bites yet?Mon, 05, Dec 2016
AutoNation, Penske, Group 1, Sonic, Lithia and Asbury have been actively buying their own stock, even as they pulled back from buying private dealerships in the U.S. buy-sell market. When you tell Wall Street your stock price is low, especially during a period of available capital, you're inviting a takeover bid.
Buy-sells of dealership groups rise in market ripe for megadealsMon, 28, Nov 2016
Look for deep-pocketed buyers to snatch up more dealership groups over the next 12 months, and for foreign investors and outsiders to scope out the U.S. auto retailer landscape, say buy-sell advisers.