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Melissa Burden

Melissa Burden

Buy-Sell Editor and Retail Reporter for Automotive News

[email protected]

313-446-1637

See All Staff Page
Recent Stories
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Lithia Motors barrels on with more dealership acquisitions

Lithia continued its U.S. expansion last week, buying nine dealerships in southern Florida and one in Nevada, which are expected to add nearly $1 billion in annual revenue to the growing auto retailer.

HyundaiRoute2-MAIN_i.jpg
McGovern Automotive Group buys Stellantis dealership, its fifth acquisition of 2022

McGovern Automotive Group, founded in 2016, has expanded to 18 dealerships across three Northeast states.

LargoHonda-MAIN_i.jpg
Lithia Motors buys 10 dealerships in Florida, Nevada

Lithia Motors in two acquisitions purchased eight dealerships in southern Florida and a Hyundai-Genesis dealership in Nevada.

SMITH-MAIN_i.jpg
Bruton Smith was a 'visionary' in retail and racing

Bruton Smith, a pioneer-turned-titan in both auto retailing and motorsports, leveraged small roles selling cars and promoting dirt-track races to create two business giants: Sonic Automotive and Speedway Motorsports.

St.Marys-MAIN_i.jpg
Spitzer acquires Ford and Chevy-GMC dealerships

Spitzer Management, which does business as Spitzer Autoworld, purchased two domestic-branded dealerships to expand its portfolio in Pennsylvania.

BRUTONSMITH-MAIN_i.jpg
Bruton Smith, auto retail and racing pioneer, dies

Smith took his NASCAR racetrack company, Speedway Motorsports, public in 1995, and a large dealership group, Sonic Automotive, public in 1997. He was 95.

FutureHonda_i.jpg
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.

LMP Automotive at the New York Stock Exchange
LMP Automotive sues over held deposits in terminated acquisitions

LMP Automotive filed federal lawsuits in two states seeking the return of deposits it made to acquire stores in New York and Texas. LMP terminated each of the transactions after it was unable to obtain approvals from manufacturers.

ROSEN-MAIN_i.jpg
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.

Diehl
Diehl Automotive Group adds Chevy, Toyota and Kia dealerships

Diehl Automotive Group has acquired three dealerships as it expands to a new market in western Pennsylvania.

Nye Toyota
Atlantic Coast Automotive buys 6 New York dealerships

Atlantic Coast Automotive Group has acquired six dealerships in New York state. The acquisition follows the June 2021 purchase of two Kia dealerships in Virginia.

LMP Automotive at the New York Stock Exchange
Lawsuit adds to mounting setbacks for LMP, seeks class-action status

In a regulatory filing on Friday, LMP, the company’s board of directors and defendants in the lawsuit denied the allegations and said they intended to “vigorously defend themselves.”

KiaofClermont-MAIN_i.jpg
Kia, Stellantis and Ford dealerships sell in 3 states

Morgan Automotive Group, Sandy Sansing Automotive and Max Motors Dealerships acquire stores in the second quarter.

LouFusz-MAIN_i.jpg
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.

Estabrooktoyota-MAIN_i.jpg
Cannon Motor buys Ford-Lincoln, Nissan and Toyota dealerships

Cannon Motor in May expanded to the Mississippi Gulf Coast with the purchase of three dealerships.

  • Load More
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  • NEWS
    • Dealers
      • Access F&I
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        • Done Deals
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      • (Discontinued Brands)
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        • NISSAN: 2023 Z
        • MITSUBISHI: 2022 Outlander
        • NISSAN: 2022 Pathfinder and 2022 Frontier
        • GENESIS: 2021 GV80
        • KIA: 2021 K5
        • LEXUS: 2021 IS
        • NISSAN: 2021 Rogue
        • TOYOTA: 2021 Venza and 2021 Sienna
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      • Polly
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      • Acxiom: Acxiom VP on the intersection of analytics and car shoppers
      • Blue Yonder
      • CDK Global
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      • DealerPolicy
      • Deloitte
      • Equifax
      • Equifax
      • Gentex
      • IHS Markit
      • MSX International
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      • Qualcomm
      • Remember Group
      • Reputation.com
      • Ricardo: Dave Shemmans
      • Ricardo: Marques McCammon
      • Salty
      • T-Mobile
    • Publishing Partners
      • Ally: All Ears Podcast 1 | Used Car Bubble
      • Big Ass Fans: Reducing risk and productivity loss with Big Ass Fans & evaporative coolers
      • Cox: Transformation toward eCommerce in automotive retailing
      • Cox: Transforming F&I for Automotive eCommerce
      • Easycare: Reinventing the service contract for EVs
      • Easycare: The importance of benchmarking your reinsurance performance
      • Experian, GroundfTruth and Spectrum Reach: Dealership marketing: Navigating automotive advertising in a post-pandemic world
      • Experian: Three steps to adapting to constant change in automotive marketing
      • Haig Partners: Buy-Sell Q&A: Where the Automotive M&A Market is heading
      • Haig: Buy-Sell Q&A: What is the value of an M&A advisor?
      • JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing
      • Kerrigan Advisors: Interview with Hitchcock Automotive
      • Siemens: The impact of vehicle electrification and connectivity on electrical system design
      • Swiss Re: Insurers and car manufacturers: how to unlock the potential of true collaboration
      • Text2Drive: Digital retailing meets the service department
      • Urban Science: Promoting dealer-consumer alignment across continued industry evolution
      • Western Digital: To Meet Consumer Demand, Automakers Must Double Down on Agile Development
      • Wipro: How to address safety and security for software-defined vehicles
      • Wipro: The Promise of Software-Defined Vehicles and the Cloud Car Ecosystem
      • Wipro: Video | Wipro CTO on how OEM's are leveraging software-defined vehicle technology
      • Notarize: What to expect for the future of auto sales
      • Seagate: Unlocking value from connected-car data
      • Amazon Web Services: AI-powered supply chain decision-making
      • Epic Games: Five ways in-car designs will change in the next five years
      • Haig Partners: How are dealerships being valued today?
      • Haig Partners: Dealership consolidation trends
      • Haig Partners: Dealership valuation trends
      • Haig Partners: Dealership succession planning
      • Ally: Navigating the future of automotive retailing
      • Google: How a century-old brand is transforming the auto industry
      • Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction?
      • Solera | DealerSocket: Four real-time integrations that can save your dealership time
      • Solera | DealerSocket: Time for a new pre-owned pricing tactic
      • Kerrigan Advisors: Blue Sky Update Q4 2021
      • Qualcomm: Trading multi-year design cycles for on-demand features and experiences
      • Synchrony: 5 Ways to Help Motivate and Retain Employees
      • Twitter: EV adoption is happening...in an unexpected place
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