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Michigan's Fox Motors Group acquired Ann Arbor Automotive Inc. of Ann Arbor, Mich., and its Acura, Hyundai and Nissan dealerships.
GPB Capital, a private-equity group, has quietly grown to 66 dealerships. Now they're ready to start talking about who they are and how they operate.
Buy-sell deals between Jaguar and Land Rover dealers continue, but grow increasingly complex as the automaker pushes for consolidation and renovation.
Volkswagen's payments to dealers hurt by its 2015 diesel emissions scandal have lifted -- a bit -- the cloud over VW dealerships in the buy-sell market.
Buy-sell deals tumbled in the first quarter from robust year-earlier levels. But buy-sell advisers expect deals to rebound in 2017.
Lithia Motors' strategy of growing through acquisitions continues to broaden the dealership group's geographic footprint. It just added Pennsylvania to the list of states where it sells cars.
Dealership buy-sell advisers warn FCA's plan to add about 380 new points could ding the value of many existing Chrysler dealerships. But much hinges on what brands the new stores will sell.
It's a good time to buy dealerships, says Brian Bates, CEO of Holman Consumer Services. Holman Automotive acquired the 14-rooftop Kuni Automotive in July.
Chevy started over on Equinox to win over underwhelmed public; Supplier fire idles Audi plant; Nissan GT-R Track Edition peek; Time for speedy Honda?; Autonomous Ubers back in S.F.
Bernie Moreno once had visions of owning 100 dealerships. But frustration with factory performance targets has prompted a store selloff and a focus on select brands.
Buy-sell advisors expect activity to rebound this year as more sellers come to market and bring a realistic price expectation with them.
As more sellers trickle into the market, buy-sell activity is set to soar this year, advisers say. But only if sellers' price expectations come down to earth.
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