Texas topped all states in the country last year when it came to dealership acquisition volume.
Texas led both in the number of buy-sell transactions completed and the number of individual dealerships in the state sold in 2021, according to an Automotive News analysis of merger and acquisition data.
Of 382 transactions tracked by Automotive News last year, 34 were in Texas and involved the sale of 63 dealerships. Texas had about a 9 percent share of both transactions completed and dealerships sold in the country last year.
California, New York, Colorado and Florida rounded out the top five states for the highest number of dealership transactions, with each respectively producing 33, 30, 23 and 21.