July 2017 - Automotive Buy Sell Report

Berkshire Hathaway faces two-fronts in battle to open Mercedes dealership in Austin, Tex.

Posted By: Alysha Webbon: July 31, 2017In: Related News

Berkshire Hathaway Automotive’s plan to open a Mercedes-Benz dealership in Austin, Tex. is facing opposition from a local Mercedes dealer on two fronts: The dealer says the location fo... Read more

Erwin Motors Ford dealership in Tennessee to reopen under new owners, new name

Posted By: Alysha Webbon: July 31, 2017In: Transaction News

The Erwin Motors Ford dealership in Erwin, Tenn., which closed its doors in January, will reopen as Neighborhood Ford under the ownership of Charles Frazier and Marty and Theresa Johnson, re... Read more

Durango Harley-Davidson motorcycle dealership in Colorado acquired by first-time owner

Posted By: Alysha Webbon: July 28, 2017In: Transaction News

Trevor Bird, a former Harley-Davidson dealership employee, has acquired his own store, Durango Harley-Davidson, which he bought from Jeff and JoDell Murray, reports PowerSports Business. Sha... Read more

Sonic Auto same-store new vehicle sales down three percent in Q2 while used car sales surge

Posted By: Alysha Webbon: July 28, 2017In: Related News

Publicly-listed Sonic Automotive Inc. saw same-store new vehicle sales drop three percent in the second quarter but used car sales surge, leading to plans to expand the Echo Park pre-owned c... Read more

Overstock.com launches online car-buying function, partnering with established players

Posted By: Alysha Webbon: July 28, 2017In: Related News

Online retailer Overstock.com is adding vehicles to its offerings, partnering with Motor Trend for content and Ally Financial and CarCheq for financing and insurance, among other alliances,... Read more

KBB: July new light vehicle sales to drop 5.7 percent for SAAR of 16.7 million

Posted By: Alysha Webbon: July 27, 2017In: Related News

July new light vehicle sales will drop 5.7 percent compared to the same month in 2016 to 1.43 million units for a SAAR of 16.7 million units, with compact the SUV/Crossover segment accountin... Read more

Penske Auto Group Q2 retail unit sales up 13 percent, driven by used car sales

Posted By: Alysha Webbon: July 27, 2017In: Related News

Publicly-listed Penske Automotive Group reports second quarter retail unit sales rose 13 percent compared to the same quarter last year including a 2.8 percent rise in new unit sales and a 2... Read more

Auto dealerships fit the bill for asset manager GPB Capital

Posted By: Alysha Webbon: July 26, 2017In: Contributors

By Alysha Webb, Editor and Publisher When GPB Capital begin viewing the presentation that The Presidio Group had prepared for potential investors in the Kenny Ross Automotive Group, they qui... 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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