Different franchise system, good manufacturer relations help Penske Auto Group’s European sales soar
By any measure, Penske Automotive Group Inc. had a good second quarter, including a 17.3 percent rise in operating income and a 7.5 percent rise in unit sales of new and used vehicles. One e... Read more
By Alysha Webb, Editor and Publisher When Brian Kelly acquired Thomas Ford in Beverly, Mass., it was the fulfillment of a 30-year old wish, said Kelly, president of Kelly Auto Group. He want... Read more
A few months ago, Auto Spot Guam acquired the rights to the Buick GMC franchise on the Micronesian island. Landing the brands was the result of several years of lobbying by her son Derrick,... Read more
I listened to an Automotive News webinar this week called “Navigating Today’s Highly Competitive Dealership Buy-Sell Market.” The presenter, Mark Johnson, president of MD Johnson, Inc. said... Read more
In early June, the O’Steen Automotive Group of Jacksonville, Florida acquired two franchises from Pipkin Motors in Georgia. That doubled the number of dealerships the O’Steen family owns. Th... Read more
If you prove you can turn around a poorly-performing dealership, will the manufacturers be more likely to turn to you when they want to oust a dealership’s owner? Mark Rikess is betting they... Read more
By Adam Sanders, Moss Adams LLC. The automotive dealership market has risen to historic levels over the past few years, providing an opportunity for dealers to consider a transition. Dealers... Read more
A big part of any buy sell is real estate. It can represent up to half of the entire price in some smaller deals. You might think someone selling that amount of real estate would be licensed... Read more
