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Here’s a closer look at the top automotive stories and more headlines to catch up on this week in automotive industry news.

Automotive weekly roundup: Vinfast’s EV charging network, new vehicle affordability, Biden...

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Earlier this week: Pham Nhat Vuong, founder of VinFast, launched V-Green to develop a global EV charging network, aiming to enhance VinFast's market presence...
Group 1 Automotive announced the acquisition of Modern Classic Motors in Hilton Head, South Carolina adding $140 million in revenue.

Group 1 expands with Modern Classic Motors acquisition in South Carolina

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On March 11, Group 1 Automotive, one of the nation's leading auto retailers, announced the acquisition of Modern Classic Motors in Hilton Head, South...
Ken Ganley and Doggett Automotive Group expand their dealership portfolios in Ohio and Texas, while Eve Knudtsen acquires in Washington.

Dealership M&A roundup: Ken Ganley expands in Cleveland, Group 1 sells...

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Ken Ganley Automotive Group has expanded its portfolio in Cleveland, Ohio, after buying Bob Gillingham Ford, now known as Ken Ganley Ford Parma, and...
The acquisition by Lithia Motors, set to close within the next six to eight weeks, represents a pivotal moment for Carousel Motor Group.

Lithia Motors buys Carousel Motor Group in 9-store deal

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The Pohlad family has decided to part ways with Carousel Motor Group, a company it founded 15 years ago. Lithia Motors will scoop up...
Fisker, an EV startup, has signed four new dealer partners in the United States as part of a strategic shift in its business model. 

Fisker signs four U.S. dealers partners as part of strategic EV...

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Fisker, an electric vehicle (EVs) startup, has signed four new dealer partners in the United States as part of a strategic shift in its...
Group 1 owns and operates 198 automotive dealerships, 262 franchises, and 43 collision centers in the United States and the United Kingdom.

Group 1 Automotive supercharges Mid-Atlantic footprint with latest acquisition

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Group 1 Automotive, one of the nation's largest auto retailing groups, announced today that it is expanding its U.S. portfolio in the greater Baltimore/Washington...
Market Outlook Report

Dave Cantin Group’s Market Outlook Report: these are the 7 most...

While 2024 is shaping up to be to be another fascinating year for the long-term future of the car industry, the near term looks...

Penske acquires Don Allen Auto for $12.34 million, Feldman enters Indiana...

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Despite a slight decline from 2022's record highs, blue sky values—a key metric in dealership valuation—remain elevated, standing at 2.3 times above pre-pandemic levels....
Electric vehicles and other high tech cars are exciting to drive but can be expensive to repair, leading some insurers to hike premiums.

2024 automotive investment outlook: steady growth despite election and economic uncertainty

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Welcome back to the latest episode of The Future of Automotive, with Steve Greenfield, Founder and CEO of Automotive Ventures, where we put recent automotive and mobility...
The 2023 Kerrigan Dealer Survey has been released, and it appears that most auto dealers are remaining optimistic about the M&A market.

New survey: dealers mostly positive about valuations, profitability in 2024

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The 2023 Kerrigan Dealer Survey has been released, and it appears that most auto dealers are remaining positive about the buy/sell and M&A market...