Dealership Closing

Where America met the Beetles

12:01 am U.S. ET | March 15, 2015

New Milford Volkswagen, one of America's earliest VW dealerships, is closing its doors in April, after nearly 65 years of operation at the site of a former Amoco station in rural western Connecticut....
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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....
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FIVE YEARS LATER

GM's loss, Hyundai's gain

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

Stores targeted for closure by one troubled brand were snapped up by a rising brand....
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JERRY VITZTHUM: Out, in and then back out again

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

Ask former small-town car dealer Jerry Vitzthum whether the auto industry is better or worse today than it was before the national economic crisis, and he shrugs....
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JAMIE LaREAU

BLOG: How to drive dealers back to Washington, D.C.?

2:03 pm U.S. ET | Sept. 26, 2014

Martens Volvo-Volkswagen were the first car dealerships in Washington, D.C. – and the last....
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GM dogged by recalls, lingering dealer disputes in Canada

12:34 am U.S. ET | July 29, 2014

A wave of recalls, lingering disputes with dealers after its 2009 bankruptcy, and weak pickup volume are undermining GM's sales in Canada, the company's seventh-biggest market....
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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....
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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....
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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....
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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....
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