Fewer Dealers Look to Buy, See Profits Rising While More See Their Value Falling
Most survey respondents predict their profits will be flat or rise, though fewer expect an increase.
Most survey respondents predict their profits will be flat or rise, though fewer expect an increase.
New Jaguar Land Rover and Volvo locations expand auto powerhouse’s reach in New York.
Dealer group posts record profit, sales jump.
Groups acquire various brands, and one also buys a commercial truck business.
Adjacent property is sold to facilitate the transaction.
Meanwhile, AutoNation, Hendrick Automotive Group top public, private rankings.
Five-dealership purchase expands its Midwest presence.
Automaker won’t offer retailers buyouts as some brands have, but it will introduce sales requirements.
Throughput increased in 2021 as U.S. light-vehicle sales rose to nearly 14.75 million vehicles, according to dealership census.
The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.
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