Tag: mergers and acquisitions
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...
M&A roundup: dealerships change hands in Virginia, California, Ohio and more
The most recent Q3 2023 Haig Report from buy/sell firm Haig Partners, highlights the robust demand for car dealerships. According to the report, 2023...
Strong demand for dealership acquisitions despite decline in blue sky values
The latest Haig Report for Q3 2023 from buy/sell firm Haig Partners revealed a sustained high demand for car dealerships. The report indicates that...
PSD Automotive Group acquires Global Auto Mall
On October 27, PSD Automotive Group acquired the Global Auto Mall of North Plainfield, New Jersey.
Global Auto Mall, which includes Global Kia of North...
Weekly roundup: October auto sales forecasts, UAW labor deals, and EV...
Earlier this week: October, U.S. car sales were projected to rise despite ongoing manufacturing challenges, according to S&P Global Mobility. Labor relations saw a...
Ciocca Dealerships is set to acquire Apple Automotive early next year
In the first quarter of 2024, Pennsylvania-based Stewart Companies will sell Apple Automotive, which is comprised of 10 dealerships, to Ciocca Dealerships in Southern...
Ed Morse Automotive Group acquires three dealerships in Texas
The Ed Morse Automotive Group announced today that it has acquired three dealerships in Fairfield, Texas. The dealerships were purchased from Foundation Automotive Corp.
The...
