February 2016 - Page 8 of 8 - Automotive Buy Sell Report

Scion dealers probably wish Toyota had been more communicative. Don’t leave buyers in a deal doing the same.

Posted By: Alysha Webbon: February 03, 2016In: Editors Corner

Scion dealers may be feeling a bit out of sorts as I write this. They learned today that their brand is being discontinued. Toyota has pulled the plug on the brand established in 2003 as, ac... Read more

Lithia acquires Toyota dealership in Massachusetts; will rename it DCH Toyota

Posted By: Alysha Webbon: February 03, 2016In: Transaction News

Publicly-listed Lithia Motors Inc. has acquired Ira Toyota/Scion in Milford, Mass. which will add $65 million in revenue and be renamed DCH Toyota of Milford, reports Boston Business Journal... Read more

Vertu Motors auto dealership group in U.K. to build three-story Land Rover showroom

Posted By: Alysha Webbon: February 03, 2016In: Related News

Vertu Motors PLC in the U.K. will build a new Land Rover dealership in Leeds that includes a three-story showroom holding more than 40 new cars and a 27-car service area, reports Motor Trade... Read more

Toyota kills Scion brand; pledges to help Scion dealerships communicate change to customers

Posted By: Alysha Webbon: February 03, 2016In: Related News

Toyota Motor Co. will discontinue the Scion brand and sell the vehicles as Toyota-badged models. Toyota SVP Bob Carter pledged to help Scion dealers communicate the change to its customers,... Read more

Gerald Jones Auto Group in Georgia acquires Ford Lincoln dealership

Posted By: Alysha Webbon: February 01, 2016In: Transaction News

The Gerald Jones Auto Group of Augusta, Ga. has acquired the Bobby Jones Ford-Lincoln dealership, also in Augusta, and will build a new facility at the same site, reports The Augusta Chronic... Read more

Tesla inches closer to a franchised auto dealership by applying for license to sell vehicles in Michigan

Posted By: Alysha Webbon: February 01, 2016In: Related News

Though banned from directly selling its luxury electric vehicles in Michigan, Tesla Motor Co. has applied for a license to sell and service vehicles in Michigan, which if approved could allo... Read more

Ohio auto dealership group earns high marks for employee retention

Posted By: Alysha Webbon: February 01, 2016In: Related News

Yark Automotive Group in Toledo, Ohio has earned high marks for employee retention by keeping its employees engaged and informed, reports The Blade here: Share this articleLinkedinFacebookTw... 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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