August 2019 - Page 4 of 5 - Automotive Buy Sell Report

From one family to another: An acquisition shows how personal relationships still key in the dealership business

Posted By: Alysha Webbon: August 07, 2019In: Contributors, Dealership Profiles

Scott Dahl worked in automotive finance for three decades. Now, he has jumped to the other side of the industry. Dahl and his brother Mark just acquired a dealership in Minnesota. “It was a... Read more

When is too much of one brand a liability?

Posted By: Kenneth R. Rosenfieldon: August 07, 2019In: Contributors

By Kenneth R Rosenfield, CPA At what point does the number of franchises of one brand a dealership group owns become too many? How does one make that decision? In the automotive dealership w... Read more

The enduring importance of personal relationships and Framework Agreements

Posted By: Alysha Webbon: August 07, 2019In: Editors Corner

A couple of “related news” stories I posted on ABSR this week point to the changing nature of the dealership business. The first, about AutoNation expanding its partnership with Waymo, the a... Read more

MileOne Autogroup in Maryland acquires Toyota, Chrysler, Dodge, Jeep, RAM dealerships in Pennslyvania

Posted By: Alysha Webbon: August 07, 2019In: Transaction News

The MileOne Autogroup of Towson, MD near Baltimore has acquired Freedom Toyota Harrisburg and Freedom Chrysler Dodge Jeep RAM Harrisburg in Pennsylvania and rebranded them under the Heritage... Read more

Ray Voyda acquires Chevrolet Buick GMC auto dealership in Illinois

Posted By: Alysha Webbon: August 07, 2019In: Transaction News

Ray Voyda, owner of Freedom Chevrolet Chrysler Dodge Jeep RAM in Virden, IL, has acquired Green Chevrolet Buick GMC in Jacksonville, IL from the Green family and changed the name to United C... Read more

Ford tests stores in malls to bring in new customers as dealership visits decline

Posted By: Alysha Webbon: August 07, 2019In: Related News

Ford Motor Co. has opened Ford showrooms in shopping malls in Quebec City and cities in Italy, Belgium and Germany to counteract shrinking showroom visits, and may expand the concept to the... Read more

Waymo AutoNation partnership window on possible dealership role as autonomous vehicles increase

Posted By: Alysha Webbon: August 06, 2019In: Related News

Waymo, the autonomous vehicle division of Google parent Alphabet, and AutoNation, are expanding their partnership around maintaining a fleet of autonomous vehicles, providing a window into t... Read more

Interest rate cut should mean lower flooring costs for dealers

Posted By: Alysha Webbon: August 01, 2019In: Related News

The 25 basis point rate cut by the Federal Reserve should mean lower flooring costs for dealers but won’t necessarily mean lower borrowing costs for consumers, says the NADA chi... 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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