Two large Midwest auto retailers expanded their footprints with second- and third-quarter acquisitions in their home states, while another Midwest group sold two California stores to a first-time buyer.
Here's a look at the deals involving domestic and luxury brand stores in California, Michigan and Wisconsin.
Each of the transactions involved an auto retailer ranked on Automotive News' list of the top 150 dealership groups.
Victory sells two California stores
Victory Automotive Group, an active dealership buyer and seller this year, sold two Northern California dealerships last month.
Victory Automotive on Aug. 23 sold McConnell Chrysler-Dodge-Jeep-Ram and McConnell Chevrolet, both in Healdsburg, Calif., north of San Francisco, to Kardar Automotive, Victory Automotive COO Rodger Olson confirmed to Automotive News in an email.
The dealerships were renamed Healdsburg Chrysler-Dodge-Jeep-Ram and Healdsburg Chevrolet.
Ali Kargaran, Alex Karegaran and Amir Darabi are Kardar Automotive's principals, according to Phil Vogel, managing director of Vogel Strategies of Burlingame, Calif. Vogel represented Victory Automotive in the transaction. This was Kardar Automotive's first acquisition and the group is based in Healdsburg, Vogel noted.
The sale was Victory's first since it sold a North Carolina Chrysler-Dodge-Jeep-Ram dealership in February, Olson confirmed. Victory Automotive bought two Tennessee dealerships in April and two Ohio stores in June.
Victory Automotive, of Canton, Mich., ranks No. 19 on Automotive News' list of the top 150 dealership groups based in the U.S., retailing 28,535 new vehicles in 2022.