May 2017 - Page 2 of 7 - Automotive Buy Sell Report

Matthews Auto group owner acquires Kia dealership in Pennsylvania

Posted By: Alysha Webbon: May 26, 2017In: Transaction News

Rob Matthews, owner of the Matthews Auto dealership group in Vestal, N.Y. has acquired Electric Kia in Blakely, Penn. from Greg Gagorik. Performance Brokerage Services advised the seller in... Read more

Del Grande Dealer Group of Northern California acquiring Team Superstores group

Posted By: Alysha Webbon: May 26, 2017In: Transaction News

Del Grande Dealership Group of San Jose, Calif. is acquiring Team Superstores dealership group in Vallejo, Calif, which includes Chevrolet, Cadillac, Hyundai, and Mazda franchises, reports T... Read more

KBB: May light vehicle sales to remain flat, SAAR of 16.7 million down on-year

Posted By: Alysha Webbon: May 25, 2017In: Related News

May light vehicle sales will remain flat compared to the same month in 2016 at 1.525 million units, with an estimated SAAR of 16.7 million, down from 17.1 million in May of 2016, says Kelley... Read more

No near-term impact on Ford dealerships’ value seen from Fields departure

Posted By: Alysha Webbon: May 24, 2017In: Contributors

By Alysha Webb, Editor and Publisher Mark Fields is out as CEO of Ford Motor Co. and Jim Hackett is in. The change at the top won’t have much impact on the value of Ford dealerships in the n... Read more

A Ford dealership’s worth under new corporate leadership plus the cost of missed deadlines

Posted By: Alysha Webbon: May 24, 2017In: Editors Corner

The biggest news out of the auto industry this week was the firing of Ford Motor CEO Mark Fields. The Board apparently couldn’t stomach what must have been a steady drumbeat of dissatisfacti... Read more

Online auto retailer Carvana expands to South Carolina

Posted By: Alysha Webbon: May 24, 2017In: Related News

Online used car retailer Carvana has added Greenville and Columbia in South Carolina to the list of cities to which it delivers its used vehicles, reports Greenvilleonline.com. Share this a... Read more

People’s Motor Group in U.K. sells Ford dealership in Accrington to Oldham group

Posted By: Alysha Webbon: May 23, 2017In: Transaction News

People’s Motor Group, a U.K.-based auto dealership group with all Ford franchises, has sold is Ford dealership in Accrington to Oldham Motor Co., reports AMOnline. Share this articleLi... Read more

Alderman’s Kia dealership in Vermont closing

Posted By: Alysha Webbon: May 23, 2017In: Related News

Alderman’s Kia dealership in Rutland, Vt. is closing due to lack of demand, says owner Phil Alderman, who also owns a Chevrolet and a Toyota dealership, and a John Deere franchise will... 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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