Asbury Automotive has sold its Larry H. Miller Ford, Chevrolet and CJDR stores in Provo, Utah, to Salt Lake Valley Auto Group, adding to its divestiture of the group it acquired in 2021. +
Kerrigan Advisors’ latest Blue Sky Report finds single point dealerships represented 79% of buy/sells in the first quarter, up from 68% in 2023, but total transactions fell by 14%. +
U.S. auto dealers sold 697 franchises in an all-time record of 438 transactions last year, according to Kerrigan Advisors’ year-end Blue Sky Report, a 10% increase from 2023. +
More than two-thirds of U.S. dealers who responded to the Kerrigan Dealer Survey fear EVs will hurt business in 2025, likely contributing to a six-year low in profit expectations. +
Sonic Automotive and Kerrigan Advisors announced the acquisition of Audi New Orleans from Bohn Brothers Automotive Group. The Metairie, La., store has served the Crescent City area since 2009. +
Kerrigan Advisors tracked 330 dealership transactions involving 544 franchises in the first nine months of 2024, putting M&A on track for a fifth consecutive year of growth. +
Kerrigan Advisors facilitated the sale of the family-owned Cowboy Toyota to the family-owned CAR Group. +
The buy-sell market for auto dealerships set records in the first half of 2024 with transaction activity on pace to double pre-pandemic levels for the year. +
Jim Keras Automotive Group has been reunited with its former Buick franchise after purchasing Sunrise Buick GMC Covington Pike from Sunrise Auto. +
