Jack Walsworth Reporter covering dealership buy-sells for Automotive News [email protected] 313-446-6029 See All Staff Page Recent Stories Lithia CEO Bryan DeBoer says 100-150 more dealerships needed to hit revenue goal Lithia, one the most active players in the buy-sell market, will need to acquire 100 to 150 more dealerships in the United States, and possibly elsewhere, between now and the end of 2025 to reach its goal, says CEO Bryan DeBoer. Martin Management Group expands in 3 states in 3 separate acquisitions Martin Management Group grew its dealership counts in California, Ohio and West Virginia with three separate 2022 acquisitions. #1 Cochran Automotive buys first dealerships outside of Pa., acquires first Honda store Growing #1 Cochran Automotive entered a new state and added a new brand to its portfolio through two separate transactions. Hyundai-Genesis, Toyota, Stellantis and Ford dealerships sell in Q3, Q4 deals Dealer Terry Taylor added a dealership to his portfolio, a former Lithia Motors general manager bought his first store and other dealers expanded their store holdings in third-quarter and fourth-quarter transactions in 2022. Lithia Motors in talks to buy Jardine Motors in UK, report says Lithia Motors, which Sky News in August named as the unidentified bidder in a failed deal to buy auto retailer Pendragon in the U.K., is in talks to buy a different dealership group in the U.K., Sky News reported Monday. Industry climate helps first-time dealers become owners In the backdrop of a bustling dealership buy-sell market that continues to see private groups and publicly traded auto retailers buying stores, a number of first-time buyers are joining them. Lincoln, GM and Ford dealerships sell in deals across 4 states Lincoln, Cadillac-Buick-GMC, Chevy and Ford dealerships traded hands in Q4 and Q1 transactions in four states. Volvo Car USA's new head of design draws inspiration from aerospace, furniture Nick Gronenthal arrives at a crucial time as Volvo heads toward becoming an all-electric brand by early 2030. McLaren 720S: What comes next? Production of McLaren's 720S supercar ended in 2022. What happens next is less clear. GM, Stellantis and Mercedes-Benz dealerships sell in Q4 deals Chrysler-Dodge-Jeep-Ram, General Motors and Mercedes-Benz dealerships were sold in fourth-quarter transactions in three states. Two of the transactions involved Canadian dealership groups — Alpha Auto Group and Foundation Automotive Corp. — buying U.S. stores. Upcoming Volvo EX90 to feature Google HD Maps The Volvo EX90 will feature Google HD Maps, which provides detailed and updated road information, in the latest partnership between the luxury automaker and the tech giant. Lithia Motors, Hendrick Automotive buy dealerships; Group 1 sells store Honda and Stellantis dealerships traded hands in third- and fourth-quarter transactions that involved Lithia Motors Inc., Hendrick Automotive Group and Group 1 Automotive Inc. Kerrigan index: How healthy are the publics The Kerrigan Index measures the financial health of seven of the largest U.S. auto retailers. McLaren's U.S. dealers seeing high profitability, freshened facilities For McLaren Automotive's small group of U.S. dealers, it's a time of high profitability and new or freshened facilities, says Nicolas Brown, McLaren's president of the Americas. LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation Morgan Automotive Group closed on the purchase of two Kia dealerships from LMP Automotive Holdings in December. LMP Automotive sold another dealership in Tennessee and said it is under contract to sell two more franchised stores. Load More
Jack Walsworth Reporter covering dealership buy-sells for Automotive News [email protected] 313-446-6029 See All Staff Page