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 The Scali Law Firm, contributing authors Robert D. Daniels and Gus N. Paras Real estate title issues are of major concern in any real estate sale transaction. This article provides a basi... Read more
How important is a brand’s local production to the value of its dealerships? We’re about to find out. Mitsubishi last month announced it would cease production in North America. How that imp... Read more
By Erin K. Tenner, attorney Auto dealers are the ultimate negotiators, but what applies in negotiating for the sale of a car may or may not hold true when negotiating a buy/sell. Here are s... Read more
By Peter DeTrempe, Taylor Strategic Relationships My brother Dave recently shared a story with me about his dentist, whom he had known for the past 17-years. Realizing that he had not heard... Read more
Ira Silver CPA, CGMA, Principal, MBAF LLC “Due Diligence.” Two words you are sure to be familiar with if you are considering a business decision as major as acquiring another dealership. In... Read more
By Leonard A. Bellavia, Attorney The buy/sell closing is the culmination of months of hard work by buyers, sellers, and the parties representing them. Buyers and sellers expend significant “... Read more
Properly defining the parts purchase in your buy sell can save you money and sometimes save the deal
By Mark Payne, President, Total Dealer Solutions Over the years I have conducted many parts physical inventories for Dealership Buy/Sells. Unfortunately, by the time they call me, the contra... Read more
