Matt McGovern went on a dealership acquisition spree to start 2022.
With the exception of April, McGovern bought one franchised dealership each month from January through June, bolstering McGovern Automotive Group's presence in Massachusetts with five more stores.
McGovern's acquisition activity is a microcosm of the buy-sell market for the first half of the year: Private groups — not the publicly traded auto retailers — collectively were the most active buyers, often completing deals for just one or two dealerships at a time.