September 2015 - Page 8 of 12 - Automotive Buy Sell Report

German luxury brands gain market share with expanded portfolio; volume brands the losers

Posted By: Alysha Webbon: September 14, 2015In: Related News

Audi, Mercedes, and BMW are gaining market share at the expense of mass-market brands as the German automakers add lower-priced and niche vehicle to their portfolios, reports Automotive News... Read more

Construction starts on new Mercedes dealership on open point in Calgary, Canada

Posted By: Alysha Webbon: September 14, 2015In: Related News

McManes Automotive Group in Calgary, Alberta in Canada has begun construction of a new Mercedes dealership on an open point in northeast Calgary, reports the Calgary Sun here: Share this art... Read more

Mitsubishi dealership in Ontario, Canada acquired by first-time dealership owner

Posted By: Alysha Webbon: September 14, 2015In: Transaction News

Richmond Hill Mitsubishi in Richmond Hill, Ontario, Canada has been acquired by Mr. Manoj (Monty) Jain. Jain had an extensive automotive career on the manufacturer side in the Middle East b... Read more

Krafcik leaves TrueCar to head up Google’s driverless car drive

Posted By: Alysha Webbon: September 14, 2015In: Related News

John Krafcik will leave his position as president of TrueCar Inc. to become CEO of Google’s driverless car unit, reports Bloomberg Business here: Google says it does not plan to manufa... Read more

Sterling Chevrolet dealership in Illinois acquired by first-time dealership owner

Posted By: Alysha Webbon: September 11, 2015In: Transaction News

Lee Schreiber, a first-time dealership owner, has acquired Sterling Chevrolet in Sterling, Ill.. from Rick Steenbock and Jason Hachmeister. Steenbock and Hachmeister do not own other dealer... Read more

Schneider + Nelson dealership group moves Audi store, expands Porsche

Posted By: Alysha Webbon: September 11, 2015In: Related News

Schneider + Nelson Auto Group of New Jersey will concentrate its luxury franchise stores in West Long Branch, N.J. by moving its Jaguar and Land Rover franchises there after it completes con... Read more

Mazda dealers face a potential facility upgrade. What does it mean for a dealership’s valuation?

Posted By: Alysha Webbon: September 09, 2015In: Contributors

By Alysha Webb, Editor and Publisher Dealership facility upgrades are an ongoing point of contention between manufacturers and dealers. The investment can be big, the return uncertain. The p... Read more

Mazda looks to change its image and some tips for planning an exit strategy

Posted By: Alysha Webbon: September 09, 2015In: Editors Corner

I had a week filled with Mazda. I got to hear Julien Montousse, newly-named director of design at Mazda North American Operations tell the Motor Press Guild, an automotive journalists’ organ... 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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