September 2017 - Automotive Buy Sell Report

Parkway Auto Group to acquire Nissan dealership in Ohio from Waikem Auto Group

Posted By: Alysha Webbon: September 30, 2017In: Transaction News

Parkway Auto Group of Dover, Ohio will acquire a Nissan dealership in Massillon, Ohio from Waikem Auto Group of Massillion, reports cantonrep.com. Share this articleLinkedinFacebookTwitter Read more

Suburban Collection auto dealership group in Michigan acquires Jaguar and Land Rover franchises

Posted By: Alysha Webbon: September 29, 2017In: Transaction News

The Suburban Collection dealership group of Troy, Mich. has acquired Land Rover Birmingham and Jaguar of Troy from the Fred Lavery Company and will remodel the Jaguar facility, rebranding it... Read more

St. J Auto owner in Vermont to acquire Flanders and Patch Ford dealership in New Hampshire

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

John Loschiavo, owner of the St. J Auto Sales Buick-GMC dealership in St. Johnsbury, Vt. will acquire the Flanders and Patch Motor Sales Ford dealership in Lebanon, N.H. from Tom Thayer, who... Read more

Penske Auto Group estimates hurricanes will result in $0.04-0.05 per share loss in Q3

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

Publicly-listed Penske Automotive Group, whose dealerships in hurricane-impacted Puerto Rico, Florida, Georgia, and Texas accounted for nine percent of consolidated revenue in the first six... Read more

Management MAGIC starts with a mission

Posted By: Dan Schneideron: September 27, 2017In: Contributors

Dan Schneider of The Rawls Group shows how MAGIC helps uncover secret characteristic of successful leaders and the organizations they lead. Read more

Family fund investment is engine of expansion for Morrie’s Auto Group

Posted By: Alysha Webbon: September 27, 2017In: Contributors, Dealership Profiles

Partnership with family fund is key to success for Morrie's Auto Group. Read more

Planning on expanding? Make sure you have enough of the right people

Posted By: Alysha Webbon: September 27, 2017In: Editors Corner

I noticed a theme in this week’s issue, a common thread connecting the two pieces. That thread is staffing. More precisely, the importance of hiring the right people – better yet, recruiting... Read more

KBB: September new light vehicle sales to rise nearly one percent, SAAR 17.5 million

Posted By: Alysha Webbon: September 26, 2017In: Related News

September new light vehicles sales including fleet sales are expected to rise 0.7 percent compared to the same month in 2016 to 1.44 million units for a Seasonal Adjusted Annual Rate of 17.5... 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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