Suburban stores at greatest risk of consolidation?Mon, 23, Jan 2017
NADA consultant Glenn Mercer says suburban dealers are most likely to sell out in the next wave of store consolidation. Rural stores have lower volume, but also are less subject to price competition. And suburban real estate is worth more, so the suburban dealer has exit options.
Small dealerships lack the clout and capital to competeMon, 31, Oct 2016
Regardless of geography, market size or franchise, many dealers with a single point or a small group find they must either become bigger or sell. The retail business model now favors big groups, they say, which can more easily hit factory sales targets, afford dealership improvements and achieve cost benefits.
Doug Knust wants all dealers' voices heardMon, 31, Oct 2016
Doug Knust provides a big voice for dealers operating small volume stores. The NADA director representing South Dakota has taken on the unofficial and self-appointed role of advocate for NADA members operating in small and rural communities.
How can 2-store minority dealers compete?Mon, 31, Oct 2016
As dealership groups get bigger and gain greater economies of scale and operational efficiencies, dealers operating stores that are not part of a dealership group will have trouble competing, the president of the National Association of Minority Automobile Dealers, said.
Carbone helps Lithia expand in NortheastMon, 19, Sep 2016
Larry H. Miller group eyes acquisitionsMon, 18, Jul 2016
2016 will see fewer dealership acquisitionsMon, 25, Jan 2016
Some retailers say dealership acquisition prices are too high, citing a drop in public dealership groups' stock prices and narrowing dealership margins. They predict that buy-sell deals will slow in 2016, as buyers trim what they're willing to pay and sellers resist that trend.
Enjoy good times, and keep an eye on the road aheadMon, 04, Jan 2016
A new kind of buy-sell playerMon, 19, Oct 2015
With the Bechtel family's majority purchase of Morrie's Automotive Group in Minneapolis, a new kind of buyer steps up in the dealership acquisition market: family offices -- firms set up to invest wealthy families' money.
My Saturn stores were profitableMon, 29, Jun 2015
My company, Lucas Dealership Group, owned and operated 30 new-car dealerships between 1960 and 2000, including six Saturn stores. GM wanted to purchase them back, and it was willing to pay a goodwill/blue-sky premium. GM knew Saturn dealerships were profitable and had faith in the future of the product.
Buy-sell deals, blue sky soarMon, 16, Mar 2015
Porsche may close a few U.S. dealershipsMon, 23, Feb 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.