The Industry's Leading Source For F&I, Sales And Technology

Top News

Car-Mart, Group 1 Acquire New Dealerships

August 21, 2006

Bentonville, Ark. and HOUSTON—America’s Car-Mart recently announced the opening of its newest location in Cullman, Ala., while Group 1 Automotive reported it has acquired Performance Nissan in Duarte, Calif., according to

Car-Mart said the new location is the fourth dealership opening since the company’s fiscal year began on May 1, and brings the company’s total to 89 stores.

Group 1 executives said their latest acquisition is one of the highest volume Nissan dealerships in the country, ranking 14th for the first six months this year for the automaker’s sales. The store is expected to generate $135.6 million in estimated annual revenues.

Group 1 has also purchased a Buick franchise in Oklahoma City, which will be operated out of Group 1’s Bob Howard Pontiac-GMC dealership. The company sold its Buick franchise in Tulsa, Okla., so that it could be acquired by an existing Pontiac-GMC dealership in the area.

Group 1 has acquired seven franchises with total estimated revenues of $403.2 million toward its $500 million full-year target.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  



PrimeGuard Unable to Cover Outstanding Claims

PrimeGuard Insurance Co., is unable to cover outstanding claims after failing tens of thousands of extended vehicle service plans, reported Automotive News.