The latest dealership buy-sell transactions tracked by Automotive News include stores purchased by #1 Cochran and Golling Automotive Group.
Despite turnaround efforts, the Canadian dealership group's 10-location U.S. operation has weighed heavily on its earnings in recent years.
The addition of the California Subaru dealership strengthens Lithia’s presence in the region, Lithia CEO Bryan DeBoer said.
Dealership buyers such as CAR Group, Castle Automotive Group and Georgica Auto Holdings acquired dealerships in the latest transactions tracked by Automotive News.
One of the nation's largest private auto retailers has expanded its presence in Northeast Ohio.
The dealership in the town about 50 kilometres north of London, Ont., was rebranded Exeter Ford Lincoln following the transaction.
The deals involve Chevrolet dealerships trading hands, plus stores with brands including Kia, Ford and Lexus.
CEO Joe Pritchard said the acquisitions add the Volkswagen brand to Pritchard Family Auto's portfolio and expand the group’s northern Iowa presence with domestic brands.
Asbury Automotive Group said its planned acquisition of Herb Chambers Cos. includes 33 dealerships, 52 franchises and three collision centers.
Subaru, General Motors, Stellantis and Ford dealerships are among the latest buy-sell transactions tracked by Automotive News.
The Lavin family office, William Gabriel Capital, along with a partner purchased a Chevrolet-GMC dealership in Texas with plans to grow.
Nissan directors are gauging interest in potential candidates to Uchida, the 22-year company veteran who’s been CEO since late 2019, Bloomberg reported.
Detroit Manufacturing Systems will purchase two rivals, creating a formidable competitor in the contract manufacturing and complex subassembly space.
