Dealership groups expand through acquisition or, less frequently, by obtaining an open point from a manufacturer. After initially growing through acquisition, Friendly Automotive Group in Ne... Read more
By Alysha Webb, Editor and Publisher SAN FRANCISCO – These are good times for many auto dealers. Though profit margins are getting squeezed, sales are still forecast to remain above 16 milli... Read more
Finding and retaining employees is tough for most dealerships. Imagine if you are based in Silicon Valley, facing sky-high living costs and competing against high-tech firms. “We don’t have... Read more
In November of 2018, McCafferty Ford, Kia and Hyundai became Fred Beans Ford, Kia and Hyundai of Langhorne. The Fred Beans Family of Dealerships invested in the dealerships in Pennsylvania i... Read more
Ivette Dominguez operates dealerships in Colorado and Illinois, pretty far-flung geographic locations. It has required letting go of that urge to manage every little detail in each store, sh... Read more
By Christian J. Scali, Halbert Rasmussen, and Gus Paras – Scali Rasmussen In a simple asset purchase agreement (an “APA”), a seller makes warranties about assets, a buyer purchases the... Read more
Being a car dealer was “not even on the radar” for Shannon Harnish as she was growing up, she tells Automotive Buy Sell Report. But the family business beckoned. Now, Harnish, president of H... Read more
Abigail Kampmann is all about people, taking care of them, that is. References to that are woven into a conversation with the co-founder and CEO of Principle Auto Group. “Our key to success... Read more
