Julie Walker Reporter covering dealership buy-sells and auto retailing [email protected] 313-400-1781 See All Staff Page Recent Stories Dealers say dealership turnover rate still too high Dealers, speaking at AutoTeam America's buy-sell summit in Dallas, said dealership turnover remains high and is a continued focus. Some dealers said turnover crept up last year for their groups. Dealership sales could increase in next 3 years to meet publics' goals Haig Partners estimates dealership sales could increase over the next three years to meet some public auto retailers' annual revenue targets in 2025. Infiniti, Toyota, Ford and GM dealerships sell across 4 states Infiniti, Toyota, Ford and Chevy-Buick-GMC dealerships sell in deals across four states. West Herr Automotive Group buys 4 New York dealerships West Herr Automotive's acquisition of four dealerships near Buffalo includes Audi, Volkswagen and Mini as first-time brands for the group. GM, Stellantis and Mercedes-Benz dealerships sell in Q4 deals Chrysler-Dodge-Jeep-Ram, General Motors and Mercedes-Benz dealerships were sold in fourth-quarter transactions in three states. Two of the transactions involved Canadian dealership groups — Alpha Auto Group and Foundation Automotive Corp. — buying U.S. stores. Former NFL standout finds parallels between football, auto retailing Former Baltimore Ravens linebacker Peter Boulware bought his second store, in South Carolina, in 2021. AutoNation, Ken Garff Automotive among dealership buyers in Q3, Q4 deals Stellantis, Acura, Ford, Kia and Volkswagen dealerships traded hands in four states in third-quarter and fourth-quarter transactions. Timing, strong deal fuel Asbury sale of 9 stores Timing and a good offer were the catalysts behind a Q4 deal in which megaretailer Asbury Automotive sold nine dealerships in North Carolina to Hudson Automotive Group of Charleston, S.C. Ellis Automotive founder Jim Ellis dies at 90 Ellis Automotive founder Jim Ellis, a longtime Georgia car dealer, died just weeks after his son, Jimmy Ellis. Asbury sells 9 North Carolina dealerships to Hudson Automotive It was Asbury's second big batch of divestitures this year. Knight Automotive Group continues U.S. expansion in California Canada's Knight Automotive Group acquires four dealerships near Sacramento, part of three U.S. acquisitions in a year, all in California. Brandon Steven Motors adds Hyundai, Jaguar-Land Rover and Honda dealerships Brandon Steven Motors expands its California footprint with four dealerships, including three purchases and an open-point award. Group 1 Automotive buys Mercedes-Benz dealership Group 1 Automotive has acquired a Mercedes-Benz dealership, which it says is its 17th store selling the brand. GM, Nissan, Audi, Stellantis, Kia, Subaru and Mitsubishi dealerships sell in Q3, Q4 deals Here's a look at the deals involving domestic, import and luxury dealerships and stores in Illinois and New York. Vision Automotive sells 10 dealerships to Atlantic Coast Automotive Vision Automotive Group sold 10 franchised dealerships in New York to Atlantic Coast Automotive. Load More
Julie Walker Reporter covering dealership buy-sells and auto retailing [email protected] 313-400-1781 See All Staff Page