June 2017 - Page 6 of 7 - Automotive Buy Sell Report

Pricing realism coming to buy sell but still a reluctance to face other realities

Posted By: Alysha Webbon: June 07, 2017In: Contributors

By Alysha Webb, Editor & Publisher There may be plenty of buy sell activity in the dealership world, but there seems to be less enthusiasm, says Brad Carter, a principal at Greystone Val... Read more

Carvana Q1 revenue shoots up but does the online used-car retailer’s net loss

Posted By: Alysha Webbon: June 07, 2017In: Related News

Online used-car retailer Carvana, which offers home delivery or giant vending machines in lieu of dealerships, saw first quarter revenue shoot up 118 percent compared to the same quarter in... Read more

Schumacher Chevrolet Auto Group acquires fourth Chevy dealership in New Jersey

Posted By: Alysha Webbon: June 07, 2017In: Transaction News

Schumacher Chevrolet Auto Group of New Jersey acquired Wigder Chevrolet in Livingston, N.J. The dealership is now known as Schumacher Chevrolet, Livingston. This is the Schumacher Group... Read more

Kemper Kia dealership in New Jersey acquired by Dan Sanchez and Chris DeMarsico

Posted By: Alysha Webbon: June 07, 2017In: Transaction News

Dan Sanchez and Chris DeMarsico acquired the Kemper Kia dealership in Kemper, N.J. from the Kemper family. The dealership is now known as Bridgewater Kia. This is Sanchez’s first franchised... Read more

Carvana burns through cash, reveals largest shareholder has criminal conviction

Posted By: Alysha Webbon: June 07, 2017In: Related News

Online used-car retailer Carvana, which eschews dealerships in favor of home delivery or giant vending machines, saw revenues rise in the first quarter but also burned through a lot of cash... Read more

Volvo dealership in Leeds, in U.K., acquired from Harratts Group by Marshall Motor Holdings

Posted By: Alysha Webbon: June 06, 2017In: Transaction News

Marshall Motor Holdings, a dealership group in the U.K., has acquired a Volvo dealership in Leeds from the Harratts Group, another U.K.-based dealership group, reports insider media limited.... Read more

May CPO sales up seven percent; Jan-May sales up 1.6 percent

Posted By: Alysha Webbon: June 02, 2017In: Related News

According to Autodata Corp., sales of certified pre-owned vehicles in May rose seven percent compared to the same month in 2016, while CPO sales in Jan-May were up 1.6 percent, reports Auto... Read more

Chevrolet Buick GMC Chrysler Dodge Jeep Ram franchises in Indiana acquired by Chuck Piano

Posted By: Alysha Webbon: June 02, 2017In: Transaction News

The Sullivan Chevrolet Buick GMC Chrysler Dodge Jeep Ram dealership in Sullivan, Ind. has been acquired from Rick Cox by Chuck Piano. The name is now Sullivan Auto Group. Piano was previousl... 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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