By Don E Ray, Portfolio Reinsurance Years ago (more than I want to recall) I was in a tax class lead by Samuel Dyckman of The City University of New York. Don’t stop reading. Th... Read more
By Alysha Webb, Editor and Publisher A disturbance was felt in the dealership buy sell force last week. It was caused by the news that Warren Buffett’s Berkshire Hathaway has a deal to buy V... Read more
By Ken Thrasher, Chairman, Compli According to a recent survey of private auto dealers conducted by MD Johnson Inc., dealers sell for three main reasons: 45% are struggling with succe... Read more
By Alysha Webb, Editor and Publisher When Michael Morais, president of Open Road Group, decided to buy an unprofitable Cadillac dealership in New Jersey, objectively that might seem a bad bu... Read more
By Alysha Webb, Editor and Publisher In September, Open Road Group of Bridgewater, N.J. acquired the former Royal Cadillac dealership of Morristown. It was the first domestic brand acquisiti... Read more
By Alysha Webb, Editor and Publisher What were the multiples on that deal? Here I am referring to that number that is used to estimate the value of a dealership taking into account various i... Read more
By Alysha Webb, Editor and Publisher John Jomehri had managed, and been part owner of, dealerships in Southern California for decades. He always envisioned owning his own store in the same... Read more
By Alysha Webb, Editor and Publisher Family-owned dealerships changing hands again loom large in this week’s issue, but on two very different scales. The theme of familiarity and reputation... Read more
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