May 2019 - Automotive Buy Sell Report

Danny Brackett and Richard Janssen acquire Chevrolet Buick GMC auto dealership in Ontario, Canada

Posted By: Alysha Webbon: May 31, 2019In: Transaction News

Danny Brackett and Richard Janssen have acquired Edmonds GM — which includes Chevrolet, Buick, and GMC franchises — located in Huntsville, Ontario, Canada from Ward Edmonds. Deal... Read more

Urban Science: Nearly half of auto shoppers visit three or more dealerships before purchase

Posted By: Alysha Webbon: May 30, 2019In: Related News

While consumers are doing a lot more research online before buying a car, 46 percent visit three or more dealerships before making their purchase, found a study by Urban Science. Share this... Read more

Bobby Rahal Auto Group of Pennsylvania to open Lexus dealership in Lancaster

Posted By: Alysha Webbon: May 30, 2019In: Related News

The Bobby Rahal Automotive Group of Mechanicsburg, PA will build a 68,000 sq. ft. Lexus dealership for a new franchise in Lancaster, PA, reports Lancaster Online. Share this articleLinkedinF... Read more

Awareness of subscription models low but interest high says study

Posted By: Alysha Webbon: May 30, 2019In: Related News

Awareness of subscription services — whereby consumers can pay a monthly fee and switch out car models — is fairly low but interest is high, finds a study by Syncron, but subscri... Read more

New York DMV incentive program decision implications wide-reaching for dealerships

Posted By: Michael P. McMahanon: May 29, 2019In: Contributors

By Michael P. McMahan, Arent Fox LLP Incentive programs have come to dominate franchise relationships, and compliance with those programs is crucial to dealer profitability. As a result, man... Read more

The seven qualities and behaviors of exceptional General Managers

Posted By: Chris Saracenoon: May 29, 2019In: Contributors

By Chris Saraceno “The speed of the leader determines the rate of the pack.” –Ralph Waldo Emerson When selling a dealership, the company’s health is a main factor in determining its va... Read more

A dealership win against an incentive program change and qualities of a good GM

Posted By: Alysha Webbon: May 29, 2019In: Editors Corner

The Millennials are coming! Of course, we’ve all known that for a while, but according to Experian sometime this year those born between 1979 and 1995 will displace Baby Boomers as the large... Read more

Millennials soon to be largest auto-buying group of consumers; dealerships need to be ready

Posted By: Alysha Webbon: May 29, 2019In: Related News

Millennials — those born between 1979 and 1995 — are set sometime in 2019 to become the largest group of auto buyers, and dealerships need to adapt to their unique mobile shoppin... 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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