Tag: mergers and acquisitions
Group 1 expands with Modern Classic Motors acquisition in South Carolina
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...
Dealership M&A roundup: Ken Ganley expands in Cleveland, Group 1 sells...
Ken Ganley Automotive Group has expanded its portfolio in Cleveland, Ohio, after buying Bob Gillingham Ford, now known as Ken Ganley Ford Parma, and...
Lithia Motors buys Carousel Motor Group in 9-store deal
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 signs four U.S. dealers partners as part of strategic EV...
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 Automotive supercharges Mid-Atlantic footprint with latest acquisition
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...
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...
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....
2024 automotive investment outlook: steady growth despite election and economic uncertainty
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...
New survey: dealers mostly positive about valuations, profitability in 2024
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...
How this Texas dealership is revolutionizing the sector – Evelyn Sames...
Texas’s oldest dealership, and one of the oldest in the nation, belongs to the family-owned Sames Auto Group. Since its start in 1910, the...