Kerrigan Advisors’ latest quarterly auto dealership buy-sell report finds a market accelerated by big groups spending big money in big markets. +
Fletcher Jones Automotive Group adds to its divestiture of high-profile dealerships with the sale of Porsche Walnut Creek (Calif.) to Sonic Automotive. +
Luke Ramseth of The Detroit News reports Carvana’s seven recently acquired Stellantis dealerships have sold new vehicles to customers in 37 states. +
Thinking about selling your agency? APCO Holdings’ Courtney Hoffman urges principals to tackle oft-overlooked subjects like technology, long-term goals and the realities of transitioning from owner to employee. +
Atlanta will become Group 1 Automotive’s second-largest market with the billion-dollar purchase of Hennessy’s Automobile Companies’ 10 dealerships. +
A nonbinding proposal from Penske’s largest shareholders would take one of the “Big 6” publicly traded dealer groups private at $210 per share. +
Fidelity Dealer Services of Northern New Jersey joins the EasyCare brand with the latest in a series of agency acquisitions announced by APCO Holdings. +
Dealer Performance Group will operate under the EasyCare brand following APCO’s second major Southeast agency acquisition in as many months. +
Hendrick Automotive Group’s portfolio now includes 31 brands in 140 rooftops with the purchase of Foreign Cars Italia of Charlotte and Greensboro. +
AutoNation has purchased the Audi, Mercedes-Benz and Porsche dealerships in tony Fremont, Calif., from Fletcher Jones Automotive Group. +
