Lithia Motors has acquired the “iconic” Porsche Beverly Hills and Audi Santa Monica, marking its 12th and 13th acquisitions of 2025 and adding $450 in projected revenue. +
The Presidio Group’s latest report finds the average dealer’s pretax profit and adjusted net income improved in Q3 while the M&A market kept pace with the year-ago quarter. +
Lithia Motors has acquired Anaheim Hyundai, Huntington Beach Hyundai and Garden Grove Hyundai, all located in Southern California’s Orange County, from Nouri/Shaver Automotive Group. +
Protective has agreed to purchase Portfolio, combining two of the nation’s leading F&I and reinsurance providers and adding to a string of major acquisitions that includes AUL, Revolos and U.S. Warranty. +
NADA analysts say waning demand and affordability issues are depressing sales team earnings, Nevada leads the nation in average payroll and bigger dealers continue to gain market share. +
Lithia has expanded its footprint in the Southeast with a series of dealership purchases over the past several weeks, adding a total of four franchised stores in Florida and Georgia. +
TrueCar co-founder Scott Painter will return to the CEO position he left in 2015 after leading an effort to acquire the company in a $227 million deal with Fair Holdings Inc. +
Fifth Third Bancorp will acquire Comerica Inc. in an all-stock transaction valued at $10.9 billion, creating the nation’s ninth-largest bank with approximately $288 billion in assets. +
Carvana has added Park Cities Chrysler Dodge Jeep Ram to its growing franchised dealership footprint, bringing increased access to trade-in units as well as new risks for investors. +
The nation’s No. 1 auto retailer has acquired Fletcher Jones Automotive’s Chicago Audi and Mercedes-Benz stores, shrinking the upmarket group’s footprint to 13 West Coast stores. +
