Butler Auto of Indianapolis wants to relocate its Fiat and Maserati franchises. The dealership group awaits local approval to build a larger store in a new location which will also include... Read more
A discussion of why private equity firms’ operating model is not suited to dealership ownership. Not a transaction but given that PE is coming into the buy sell market, valuable nonet... Read more
Sonic Automotive Inc. will use proceeds from selling several dealerships in Michigan to the Suburban Collection for acquisitions in the Sun Belt, where it already has a significant footprint... Read more
Penske Automotive Group Chairman Roger Penske said the publically-owned dealership groups don’t compete much for stores because they have different markets and focus on stores where th... Read more
Asbury Auto Group Inc. aims to double its pace of acquiring new stores in order to meet its goal of adding $750 million in revenue between 2013 and 2015. That is a $250 million increase in t... Read more
Lexus has reportedly lifted the cap on the number of stores a group or individual can own to eight from six. Will this spur acquisitions? Won’t owners hold on to their stores? Is Lexu... Read more
Hyundai Canada is changing its dealership look. Unclear how aggressively this new image program will be implemented but it is bound to cost money. Will some family-owned dealerships choose... Read more
Group 1 is suing Prestige Imports of North Miami Beach after Prestige backed out of a $72 million deal to sell the Houston-based group an Audi store and nearby piece of land in North Miami B... Read more