October 2014 - Page 4 of 6 - Automotive Buy Sell Report

Hendrick not intimidated by Buffett’s entry into dealership M&A

Posted By: Alysha Webbon: October 13, 2014In: Transaction News

Rick Hendrick of Hendrick Auto Group tells Automotive News Warren Buffett’s acquisition of Van Tuyl Group has not diminished Hendrick Group’s appetite for acquisitions. ht... Read more

Miglorie family Vermont Nissan store sold to Garvey Auto Group

Posted By: Alysha Webbon: October 13, 2014In: Transaction News

Jerry Miglorie has sold his Nissan dealership in Rutland, Vt. to the Garvey Auto Group, pending manufacturer approval. Miglorie has a son in the business but Nissan wants the dealership to m... Read more

Summit Holdings acquires Tupelo, Miss. truck dealership

Posted By: Alysha Webbon: October 10, 2014In: Transaction News

Summit Holdings has acquired Truck Center of Tupelo, Miss. Truck Center has an additional location in Pontotoc, Miss. Truck Center represents International, IC Bus, Ford commercial vehicles... Read more

Lithia Motors acquires Nissan dealership in Clovis, Calif.

Posted By: Alysha Webbon: October 10, 2014In: Transaction News

Lithia Motors has acquired a Nissan dealership in Clovis, Calif. from John Harris of Harris Auto Center. The dealership, formerly known as Clovis Nissan is now Lithia Nissan of Clovis. T... Read more

Wisconsin’s Bergstrom Auto acquires Chevrolet store from Ballweg group

Posted By: Alysha Webbon: October 09, 2014In: Transaction News

Family-owned Bergstrom Automotive Group of Neenah, Wis. acquired a Chevrolet dealership in Middleton, Wis. from Ballweg Automotive Family. Bergstrom Automotive Group ranked 67th on the Auto... Read more

A Buffett-sized disturbance in the Force. What will it mean for the buy sell world?

Posted By: Roberta Cuffinon: October 08, 2014In: Contributors

By Alysha Webb, Editor and Publisher A disturbance was felt in the dealership buy sell force last week. It was caused by the news that Warren Buffett’s Berkshire Hathaway has a deal to buy V... Read more

How well Warren Buffett will get along with the factories and other reflections

Posted By: Alysha Webbon: October 08, 2014In: Contributors, Editors Corner

By Alysha Webb, Editor and Publisher “You ain’t seen nothin’ yet” is the phrase that can be applied to the automotive dealership buy sell world lately. Lithia’s bid to buy DCH Group seemed l... Read more

Using Compliance Management to Streamline the Buy/Sell Process

Posted By: Roberta Cuffinon: October 08, 2014In: Contributors

By Ken Thrasher, Chairman, Compli According to a recent survey of private auto dealers conducted by MD Johnson Inc., dealers sell for three main reasons: 45% are struggling with succe... Read more

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JAMOC LLC acquires Chrysler Dodge Jeep Ram auto dealership in California

Melvin Cooper acquires Mid Bay Chrysler Dodge Jeep Ram auto dealership in California

Melvin Cooper acquires Mid Bay Ford Lincoln dealership in California

Moving beyond “Good Enough” business performance

What justifies massive multiples for luxury auto dealerships?

The Park Place Dealerships sale may herald changes in buy sell market, says The Presidio Group

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