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Group 1 sells Hyundai dealership; Ken Garff Automotive buys Subaru store

Group 1 Automotive sold a Hyundai store to a growing Canadian retailer expanding its presence in the U.S., while Ken Garff Automotive and Geaux Automotive added to their portfolios in second-quarter transactions.
Ken Ganley Automotive Group
Q1 buy-sells tracking on same busy pace as '21

Dealership buy-sell activity in the first quarter of 2022 was similar to that of the same period in 2021, according to data compiled from industry experts and Automotive News.
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Victory Automotive Group buys Honda, Ford-Hyundai-Toyota dealerships

Victory Automotive Group, one of the largest privately owned dealership groups in the U.S., made its first acquisition since December 2021.
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Mazda, Subaru, Chevy-Buick and Nissan dealerships sell in four states

Two of the largest privately held dealership groups in the country and two other auto retailers grew their footprints with second-quarter acquisitions.
Stephanie Morris bought this standalone Chevrolet store in Okmulgee, Okla., last year, and bought two more standalone dealerships — in Missouri and Colorado — this year.
Standalone 1-franchise stores hot in 2021

Of the 382 buy-sell transactions tracked by Automotive News in 2021, about a quarter of the deals were for standalone, single-franchise dealerships.
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Subaru, Kia, Honda, Chevy and Stellantis dealerships sell in acquisitions in four states

Two larger dealership groups expanded in second-quarter transactions on the East and West coasts, while two smaller auto retailers also added stores in first-quarter and second-quarter purchases.
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American Motors enters Fresno, Calif., with purchase of Toyota, GM, VW dealerships

American Motors bought five dealerships in two transactions over the past two months.
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Kia, Hyundai, Chevy, Stellantis and Ford dealerships acquired in 2 states

Kia, Hyundai, Chevy, Stellantis and Ford dealerships sold in second-quarter transactions in New York and Wisconsin.
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Legacy Automotive raises $500 million to fuel dealers making acquisitions

Legacy Automotive Capital is aiming to deploy $500 million over the next 36 months by assisting dealers in acquiring property in buy-sell transactions or providing them capital via a dealership sale-leaseback.
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Victory Automotive Group sells Honda dealerships in New York, Alabama

Victory Automotive Group, which bought three dealerships in 2021, sold two Honda dealerships last month.
Teton Motors has rental units atop its Subaru dealership and its collision center, where Marilyn Garcia, right, the group’s title clerk and receptionist, lives with her family.
Wyoming dealership group offers employees housing at below-market rates

Teton Motors in Jackson, Wyo., has taken on the challenge of a pricey housing market by offering employees less expensive housing.
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Ford, GM, Audi, VW and Mitsubishi dealerships trade hands in 4 states

Here's a look at dealership sales involving domestic, luxury and import stores.
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Lithia Motors sells Subaru dealership; Dobbs buys Chevy store

Three dealerships in three states trade hands in separate transactions spanning from December to May.
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Cavender Auto Family enters Oklahoma with purchase of two Ford dealerships

Texas-based Cavender Auto Family bought its second and third Ford dealerships with an acquisition in neighboring Oklahoma.
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Acura, Mazda, Toyota and Chevy dealerships among stores purchased in Q1, Q2 transactions

Dealers buy import, luxury and domestic dealerships across five states in first-quarter and second-quarter transactions.