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Complete coverage of the North American automotive industry, from dealership buy/sells to microchip shortages and more.
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Here's a look at recent transactions involving dealerships that sold in Missouri, Pennsylvania, Arizona and Ohio that sell domestic, import and luxury brands.
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The industry is hungry for new ideas and creative innovations right now, but last year brought 7% fewer automotive patents to the market.
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"What we decided to do is to stop looking at resumes and stop looking for car people," says dealership General Manager Kevin Grant.
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Price surges have been exacerbated by a combination of high consumer demand and parts shortages constraining vehicle inventory.
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