July 2019 - Page 2 of 6 - Automotive Buy Sell Report

Boosting your absorption rate is the road to dealership profitability

Posted By: Paul Sternon: July 24, 2019In: Contributors

By Paul Stern – Founder, Liftnow Since as early as the 1950’s, the term absorption rate has been used in many different ways, with different groups of people and experts, changing the... Read more

Boosting your absorption rate and protecting personal email accounts from fraud

Posted By: Alysha Webbon: July 24, 2019In: Editors Corner

AutoNation just took one giant step for retail automotive and one giant step for women in automotive by naming Cheryl Miller as its president and CEO. Miller’s naming is indicative of the ch... Read more

Atlantic Auto Group of New York acquires Honda dealership on Long Island

Posted By: Alysha Webbon: July 24, 2019In: Transaction News

The Atlantic Automotive Group, based in Metropolitan New York, has acquired Babylon Honda in West Babylon, NY on Long Island and changed the name to New Babylon Honda, reports news9.com. Sha... Read more

Johnson Auto of Colorado acquires Dodge dealership in Wyoming

Posted By: Alysha Webbon: July 24, 2019In: Transaction News

The Johnson Auto group of Colorado has acquired the Snowy Range Dodge dealership in Laramie, WY from the JAG Auto Group of Wyoming, reports the Gillette News Record. Share this articleLinked... Read more

Lithia reports second-highest Q2 revenue in history

Posted By: Alysha Webbon: July 24, 2019In: Related News

Publicly-listed Lithia Motors Inc. reported the second highest second quarter revenue in the group’s history, led by a surge in used car sales and F&I revenue, while new car sales... Read more

Cheryl Miller named president and CEO of AutoNation; first woman CEO at publicly-listed dealership group

Posted By: Alysha Webbon: July 24, 2019In: Related News

Publicly-listed AutoNation Inc. has named Cheryl Miller to be its next president and CEO, becoming the first public to be have a female CEO, reports Auto Remarketing. Share this articleLinke... Read more

Stone family acquires Buick GMC dealership in central California

Posted By: Alysha Webbon: July 23, 2019In: Transaction News

The owners of the Merle Stone auto dealerships in California’s Central Valley have acquired Sturgeon and Beck Buick GMC in Tulare, CA, reports the Visalia Times Delta. Share this artic... Read more

Tesla opens first dealership in Rhode Island

Posted By: Alysha Webbon: July 23, 2019In: Related News

Luxury battery-electric car manufacturer Tesla Inc. has opened its first factory-owned dealership in Rhode Island, in the city of Warwick, reports the Providence Journal. Share this articleL... 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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