Three auto retailers acquired dealerships in the Midwest, South and West in separate transactions last month.
Here's a look at the deals involving domestic brands and an import mass-market brand. One deal involved a dealership group ranked on Automotive News' top 150 dealership groups list.
Ganley growth in Ohio
Ken Ganley and his growing Ganley Auto Group further added to their foothold in northeast Ohio with the purchase of Don Joseph Toyota in Kent.
Ken Ganley, CEO of the Brecksville, Ohio, group, on Thursday bought the dealership from father-daughter owners Jeff Joseph and Jessica Joseph. The Toyota store was founded in 1964 by Don Joseph, Jeff's father.
The store was renamed Toyota of Kent. Kent is southeast of Cleveland and northeast of Akron.
"We love Toyota," Ken Ganley told Automotive News. "It's my third Toyota store, and it's just a very easy fit for us — just from personnelwise and being in our backyard in northern Ohio."
Ganley Auto now has 45 dealerships across Ohio, Pennsylvania and Florida. It ranks No. 14 on Automotive News' list of the top 150 dealership groups based in the U.S., retailing 35,430 new vehicles in 2020.