August 2015 - Page 5 of 10 - Automotive Buy Sell Report

Smaller family-owned dealership groups still on acquisition trail though large auto groups do have advantages

Posted By: Alysha Webbon: August 19, 2015In: Contributors

By Alysha Webb, Editor and Publisher Charles Fenwick Jr. just agreed to sell his family dealership group, Valley Motors Group, to AutoNation Inc. There were several reasons the family decid... Read more

Succeeding in a new car dealership without experience and AutoNation’s big buy

Posted By: Alysha Webbon: August 19, 2015In: Editors Corner

I sometimes get asked, “How can I become a dealership owner if I don’t have that much experience in the new car retail business?” Usually I am not too optimistic. But one story this week sho... Read more

AutoNation acquires two dealership groups with total of 16 stores

Posted By: Alysha Webbon: August 18, 2015In: Transaction News

Publicly-listed AutoNation Inc. has acquired two dealership groups with a total of 16 stores in the southeast and in Baltimore, M.D., the company announced in a press release here: Share thi... Read more

Red River Auto Group in Texas acquired; includes Honda, Nissan, Toyota dealerships

Posted By: Alysha Webbon: August 17, 2015In: Transaction News

Tom Durant, who owns 16 dealerships in Texas and two dealerships in Florida, has acquired the Red River Auto Group in Denison, Tex. from Steve Starnes, who wished to retire. Red River includ... Read more

Nye Auto Group acquires Rome Volkswagen dealership in New York

Posted By: Alysha Webbon: August 17, 2015In: Transaction News

Nye Automotive Group of Oneida, N.Y. has acquired Rome Volkswagen dealership in Rome, N.Y., reports Rome Sentinel here: Share this articleLinkedinFacebookTwitter Read more

Debate over minority-owned dealerships’ best growth strategy

Posted By: Alysha Webbon: August 17, 2015In: Related News

Robert Johnson, chairman of RML Automotive says minority-owned dealers should form larger dealership groups to have more clout in the industry while NAMAD president Damon Lester says achievi... Read more

Cadillac to bring diesel to the U.S. after first launching in Europe, says de Nysschen

Posted By: Alysha Webbon: August 17, 2015In: Related News

Cadillac is developing diesel drivetrains to launch in Europe around 2019 and will then bring them to the U.S. says brand president Johan de Nysschen, reports Automotive News here: Share thi... Read more

Toyota Scion to launch online buying program at limited number of dealerships

Posted By: Alysha Webbon: August 17, 2015In: Related News

Toyota Motor Corp. will launch a test online buying program at a limited number of dealerships for its youth-oriented Scion brand, reports Automotive News here: Share this articleLinkedinFac... 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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