Dealership Consolidation

DEALEMMA?

2016 will see fewer dealership acquisitions

12:01 am U.S. ET | Jan. 25, 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....
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RICHARD JOHNSON

BLOG: For big U.S. dealer groups, another plea to buy into China

4:30 pm U.S. ET | Jan. 12, 2016

Global carmakers want the highly proficient U.S. public dealership groups to invest in China, and the publics simply aren't interested....
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EDITORIAL

Enjoy good times, and keep an eye on the road ahead

12:01 am U.S. ET | Jan. 4, 2016

It is easy to look back at a robust 2015 across much of the auto industry and conclude that the same good fortunes also must lie ahead in 2016....
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A new kind of buy-sell player

12:01 am U.S. ET | Oct. 19, 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....
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LETTER TO THE EDITOR

My Saturn stores were profitable

12:01 am U.S. ET | June 29, 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....
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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....
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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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