Two of the country's largest dealership groups made first-quarter purchases while two other growing groups on the East Coast also made early 2023 acquisitions.
Here's a look at the deals involving domestic and luxury brands and stores in Missouri, California, North Carolina and New York.
Ed Morse Automotive expands in Missouri
Ed Morse Automotive Group made its first acquisition of 2023 with the purchase of a Chevrolet store in February.
Ed Morse Automotive bought Putnam Chevrolet in California, Mo., southwest of Columbia, from dealer Bill Campbell on Feb. 6, Teddy Morse, CEO of Ed Morse Automotive, confirmed to Automotive News.
The dealership was renamed Ed Morse Chevrolet California.
The acquisition bolsters the group's presence in Missouri, a state it first entered in May 2021, to six dealerships.
The deal was the group's first auto dealership acquisition since March 2022 when it bought three stores in Iowa, Teddy Morse said.
In August, the group entered the motorcycle and powersports business with the purchase of four Texas dealerships, he said. Ed Morse Automotive also bought a Harley-Davidson dealership in Florida in November.
Ed Morse Automotive, of Delray Beach, Fla., ranks No. 52 on Automotive News' most recent list of the top 150 dealership groups based in the U.S., retailing 14,832 new vehicles in 2022.