Oklahoma Dealership Sells
Honda store adds to small auto group’s stable
The Honda store was renamed to reflect its now owner's brand.
Pinnacle Mergers & Acquisitions
A southern Oklahoma dealership recently changed hands between two auto groups in the state.
The transaction, brokered by Pinnacle Mergers & Acquisitions on the part of seller, resulted in a name change for the Honda store in Ardmore, near the Texas state line.
Patriot Auto Group sold the dealership to Jeremy Hodge Auto Group, which renamed it from Patriot Honda to Jeremy Hodge Honda.
It’s the second sale of a Patriot store in Ardmore to the Hodge group in as many years. Last year, Patriot sold a Chevrolet GMC dealership to the fellow Sooner State group.
Hodge’s grandfather was a Ford dealer in Oklahoma. His group now owns nearly half a dozen dealerships among the Chevrolet, GMC, Honda and Toyota brands.
More Industry
Connection Drives Consideration
Convenience and safety are top priorities for American drivers when it comes to connected vehicles and the services they expect with their next car.
Read More →
New-Vehicle Prices Stay Put
Affordability pressures and model availability shaped new-vehicle sales in September, according to an analysis by Kelley Blue Book.
Read More →
EV Buyer Consideration Shifts
What drives American consumers to purchase an electric vehicle is shifting as the question moves away from Should I?' to 'Which features and experience do I want to have?'
Read More →
Auto Nameplate Loyalty Holds in Tough Times
Consumers have been faithful to brands despite financial pressures, and JD Power says that’s because automakers have made some wise moves.
Read More →
Top New Jersey RV Store Sells
Myer’s RV Superstore is expanding its footprint in the state with two new locations that it acquired from Ed Hutchinson Jr.
Read More →
Alliance Analyzes Technician Pipeline
A new industry report examines the state of skilled trades in the U.S. and details the drivers of demand for automotive repair and how technicians enter and grow in the workforce.
Read More →
Luxury Rooftop Changes Hands
Genesis of Glenview is getting a new owner and a new location, but its name will stay the same.
Read More →
Future-Proof Your Business
A new industry outlook details several ways that automotive companies can use the rise in artificial intelligence and advanced technologies to their advantage.
Read More →
Dealership Buy-Sells Keep Going Up
First-half transactions reflect continued high appetite for acquisitions despite falling profits, the most sought-after franchises bringing record prices.
Read More →
California Makes Electric Moves
New laws in the Golden State aim to advance consumer access to public electric-vehicle chargers and reduce costs and barriers to its infrastructure.
Read More →