March 2016 - Page 8 of 9 - Automotive Buy Sell Report

California dealers association details CNCDA’s problems with GM online used car sales

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

General Motors has launched a new online used car initiative that seems to violate California’s law against auto brokering and the California New Car Dealers Association wants to talk... Read more

Dealership real estate pessimism and what you want in an M&A dream team

Posted By: Alysha Webbon: March 02, 2016In: Editors Corner

This year has started off with a bang. The year-to-date SAAR is 17.4 million units, well ahead of last year’s two-month SAAR of 16.5 million. Sales are expected to remain strong, but many a... Read more

The time for speculation in dealership real estate has passed. Welcome to prudent investment.

Posted By: Alysha Webbon: March 02, 2016In: Contributors

Record sales made 2015 a great year to own an automotive dealership. Those sales supported healthy real estate valuations. This year, sales are forecast to once again be strong. But there ar... Read more

Don’t leave your financial future to chance –choosing the dealership Buy/Sell dream team

Posted By: Ira Silveron: March 02, 2016In: Contributors

By Ira Silver CPA, CGMA, Principal, MBAF LLC Have you ever imagined taking a trip down the Amazon River, or maybe going on an African Safari? You wouldn’t dream of taking on such an adventur... Read more

Three Ford auto dealerships in Maine acquired by management trio

Posted By: Alysha Webbon: March 02, 2016In: Transaction News

Stephen Goodrich, who founded and was chief executive officer of PowerPay; Bob Esposito, who has been vice president of sales and marketing at Yankee Ford in South Portland; and his son, Ant... Read more

Majority of drivers afraid to ride in self-driving car but many want autonomous features

Posted By: Alysha Webbon: March 02, 2016In: Related News

A study by AAA found that 75 percent of drivers are afraid to ride in a self-driving car, but other studies find those with cars with self-driving features such as lane departure warning lik... Read more

Tony Wilson, owner of Chevrolet and Cadillac dealership, acquires Clarington Hyundai in Ontario, Canada

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

Tony Wilson has acquired the Clarington Hyundai dealership in Clarington, Ontario, Canada from Randy Knight and Carey May. Wilson also owns Ontario Motor Sales, a Chevrolet and Cadillac deal... Read more

New car February transaction prices up 2.2 percent, driven by truck models

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

New car transaction prices in February rose 2.2 percent, or $739, compared to the same month in 2015, with automakers with lots of trucks in their lineup leading the way, reports Kelley Blu... 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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