October 2016 - Page 5 of 8 - Automotive Buy Sell Report

Subprime loan default rates rising as car market becomes more competitive, says S&P

Posted By: Alysha Webbon: October 12, 2016In: Related News

Default rates on subprime car loans have risen to their highest level since January 2010 as an intensely competitive market and slowing sales prompt lenders to lower credit standards, S&... Read more

Modern Automotive dealership group in North Carolina acquires Ford franchise

Posted By: Alysha Webbon: October 11, 2016In: Transaction News

Modern Automotive dealership group of Winston-Salem, N.C. recently acquired Boone Ford in Boone, N.C. and changed the name to Modern Ford of Boone, reports GoBlueRidge.net here: Share this a... Read more

Plunging battery costs and rapidly improving autonomous driving tech prompt biggest auto industry change in 100 years

Posted By: Alysha Webbon: October 11, 2016In: Related News

According to a report by Bloomberg Energy Finance and McKinsey & Co., the rapidly falling price of batteries — the most expensive component in electric vehicles — and rapid i... Read more

Majority of Cadillac dealers sign up for Project Pinnacle, but some claim it was under duress

Posted By: Alysha Webbon: October 10, 2016In: Related News

Cadillac says a majority of its dealers have signed up for Project Pinnacle but some dealership representative organizations say that the sign ups were under duress, reports Automotive News... Read more

Lithia acquires Audi dealership in Southern California

Posted By: Alysha Webbon: October 10, 2016In: Transaction News

Publicly-listed Lithia Motors Inc. has acquired the Audi Auto Gallery dealership in Woodland Hills, Calif. and will relocate the dealership to nearby Calabasas, bringing its 2016 annualized... Read more

Kalispell auto dealer Gerrid Gandrud acquires Valley Ford

Posted By: Roberta Cuffinon: October 07, 2016In: Transaction News

Gerrid Gandrud, owner of Kalispell Toyota and Whitefish Ford VW, acquires his third Montana dealership within eight years. Valley Ford’s owner Jim Peterson was ready to retire and felt... Read more

Omaha’s Atchley Ford gets purchased by Woodhouse Auto

Posted By: Roberta Cuffinon: October 07, 2016In: Transaction News

Woodhouse Auto Family, which operates 12 franchises, has added Atchley Ford to its holdings. Find out more from the Omaha World Herald here. Share this articleLinkedinFacebookTwitter Read more

Woodland Hills Audi dealership acquired by Lithia Motors

Posted By: Roberta Cuffinon: October 07, 2016In: Transaction News

After being acquired by Lithia Motors, Audi Auto Gallery of Woodland Hills, CA will be relocated to Calabasas and renamed Audi Calabasas. Read more from StreetInsider.com. Share this article... 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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