Dealership Consolidation

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 »

Porsche may close a few U.S. dealerships

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

A handful of U.S. markets still have too many Porsche dealerships, Porsche Cars North America COO Joe Lawrence said, and the company may use its right of first refusal to close stores. But given Porsche's sales growth and the valuations of its dealerships, consolidation in those markets will be difficult....
Read More »

A deal-killer: Automakers' right of first refusal

12:01 am U.S. ET | Feb. 2, 2015

Expect automakers to exercise their right of first refusal on dealership buy-sell deals more often....
Read More »

George Soros' Wall Street fund shops for dealership groups

10:30 pm U.S. ET | Jan. 24, 2015

Wall Street fund Soros Fund Management wants to partner in, invest in or outright buy a large auto dealership group, according to four sources familiar with the situation. Two representatives of Soros Fund Management are at the NADA convention in San Francisco this weekend to research the industry and explore opportunities, sources say....
Read More »

Buy-sells skyrocket, in dollars and deals

12:01 am U.S. ET | Dec. 1, 2014

This year's buy-sell market is on track to be the most active since 2004, in both number of deals and total dollars, two newly released reports say....
Read More »

Bad feelings in Billings over deal veto

12:01 am U.S. ET | Oct. 20, 2014

GM nixed the sale of a Chevrolet store in Montana to former NADA Chairman Bill Underriner. The tale behind that deal - what happened before and after -- shows how the right-of-first-refusal option can sour relations between dealers -- and between dealers and the factory....
Read More »

What, me worry? Hendrick says deal-hungry Buffett won't keep him from buying

12:01 am U.S. ET | Oct. 13, 2014

Car dealer Rick Hendrick has a message for auto retailers looking to sell their family business: He's still buying....
Read More »

Dealership consolidation is coming -- but how fast and how much?

12:01 am U.S. ET | Oct. 13, 2014

Dealership consolidation is expected to accelerate as Warren Buffett's entry into automotive retailing attracts more buyers, observers said....
Read More »

Calif. retail group grabs more stores

12:01 am U.S. ET | Aug. 10, 2014

Conant Auto Retail Group of Newport Beach, Calif., which includes the nation's largest Honda dealership, bought Southern California's three-store Fladeboe Automotive Group....
Read More »

2 Southern dealers team up under new group name

1:47 pm U.S. ET | Aug. 5, 2014

Warner Peacock, CEO of New River Auto Mall in South Carolina, is teaming up with Florida mega dealer David Maus to form a new company called First Team Automotive Group LLC....
Read More »

Asbury to double pace of acquisitions

12:01 am U.S. ET | July 28, 2014

Asbury Automotive Group Inc. aims to double its acquisition pace during the next 18 months....
Read More »

NADA: Dealer revenues like never before

12:01 am U.S. ET | May 26, 2014

Dealerships have more than bounced back from the recession. Fewer stores and the recovery in vehicle sales meant record revenues and profits for dealerships last year....
Read More »

Why the buy-sell market is hungry

12:01 am U.S. ET | May 12, 2014

Conditions are ripe for a big buy-sell year. The 2014 pace of dealership consolidation already is almost double that of 2013, one broker says. And the market is likely to stay red-hot....
Read More »

Dealers: Money's great, but where's the fun?

12:01 am U.S. ET | May 12, 2014

A growing number of dealers are selling their stores because of the ever-increasing pressures of running a modern-day dealership....
Read More »

THINKING BIG

Economies of scale, cost of capital position groups to buy small rivals

12:01 am U.S. ET | May 12, 2014

A lone mid-sized dealership spends $35,000 a year on shop supplies. Across town, a rival store, owned by a large dealership group, spends $30,000 for the same supplies. The big group orders in bulk, earning a 10 to 15 percent discount. That $5,000 difference and others like it add up, making it harder for the single-point store to compete....
Read More »

CAPITAL IDEAS

Largest public and private groups are sitting on hoards of cash

12:01 am U.S. ET | May 12, 2014

Those in the buy-sell arena expect heavy activity over the next few years because most of the largest dealership groups, public and private, have amassed hoards of cash....
Read More »

THE NEW BUYERS

Dealerships' resiliency, margins look good to nonindustry investors

12:01 am U.S. ET | May 12, 2014

An increasing number of industry outsiders are buying stores, gathering up cash and looking to invest in dealerships. They include wealthy families, private equity firms and even public companies such as Gainsco....
Read More »

CHOMP, CHOMP

5 reasons why big groups are buying -- and dealers are selling

12:01 am U.S. ET | May 12, 2014

It is a buyer's and a seller's market right now. Such a rare occurrence has brokers predicting big buy-sell activity this year and for the next few years....
Read More »

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
News by Brand