Acquisitions and improved new-vehicle availability helped Keating Auto Group's new-vehicle sales soar 19 percent in 2022 — sending it 13 spots up Automotive News' latest list of the top 150 dealership groups based in the U.S.
Keating Auto, of Victoria, Texas, bought seven dealerships in late 2021, all in Texas, and Ben Keating, the group's owner, credited those purchases, which included three high-volume Hyundai stores, as a big reason for the company's growth last year. Keating's 2021 acquisitions followed three dealership purchases in 2020. "That was a lot for us," Keating told Automotive News. "We still feel like we are digesting those purchases."
And yet Keating continues to look for more dealerships and even made a couple of offers on stores this year, though those efforts haven't resulted in any new deals.