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Acquisition

Buy-Sell Market Accelerates in Q3

Kerrigan Advisors finds buy/sell market hit a new high and is on track for another record year.

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Penske to Acquire 15 U.K. Dealerships

Acquisition of Rybrook Group LTD includes dealerships representing BMW, MINI, Volvo, Land Rover and Porsche brands.

Five Star Automotive Group Grows

Tim Lamb Group brokers sale of Cain Toyota and Cain BMW to Five Star Automotive Group.

Reynolds and Reynolds, Cox Automotive and CDK Set Their Sights on Acquisitions

Reynolds and Reynolds Co., Cox Automotive and CDK Global are seeking or contemplating new acquisition deals in 2023.

Several Auto Retailers Announce Expansions

Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group, and Ed Morse Automotive Group all expanded their businesses recently.

Acquisitions Continue for Two Automotive Groups

West Herr Automotive Group purchased a Mazda dealership this month while Gee Automotive Cos. purchased another Subaru dealership

LMP Automotive Holdings Sues Two Dealerships for Acquisition Deposits

LMP Automotive Holdings Inc. sues dealership owners in New York and Texas for a combined $3 million in deposits it made to acquire their stores.

Lithia Motors Reports 55% Increase in Q4 Net Income

The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.

Digital Air Strike Acquires Online Vehicle Marketplace

The acquisition marks the sixth M&A transaction for the company and the first consumer-facing asset owned by Digital Air Strike as it continues to expand its online car-buying experience.

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National Auto Care Acquires Coffeen Management

Coffeen Management Company further accelerates NAC’s growth strategy, which includes the acquisition of like-minded, high-growth agents.

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