Partners sold two luxury dealerships after one decided to retire, a Washington group made its first acquisition since 2020, a Chevrolet dealership changed hands after nearly 50 years under family ownership, and another auto retailer expanded its luxury portfolio in transactions that took place throughout 2022.
Here's a look at the deals involving domestic and luxury brand dealerships in Michigan, California, Washington and Illinois. One of the transactions involved a retailer ranked on Automotive News' top 150 dealership groups list.
Longtime Michigan Chevy dealership trades hands
A dealership in Saline, Mich., changed hands April 20, when Bill Crispin and Debbie Crispin sold Bill Crispin Chevrolet to Monte Perkins, Timothy Jones and Timothy Rinke, according to a Michigan Secretary of State spokeswoman.
The store was renamed Saline Chevrolet.
"Today we sold Bill Crispin Chevrolet after 46 years of being the heartbeat of America," said a Facebook post that day from the Crispin family, shared on the dealership's page. "We want to thank our loyal employees, customers, friends and the community we served nationwide for your support over the years."
The post gave well wishes to Perkins. He also owns All American Chevrolet-Cadillac in Muncie, Ind.
The son of dealer Bill Perkins, Monte Perkins participated in the National Association of Minority Automobile Dealers' NextGen program. The program helps train rising dealers and children of NAMAD members who want to succeed their parent as a dealership owner.
Bill Crispin opened his dealership in Detroit in 1975 before relocating to the Saline-Ann Arbor, Mich., area in 1978, according to the company's LinkedIn page. Bill Crispin's daughter, Debbie Crispin, became a partner in 1992, according to the page.