July Dealership Buy-Sell Activity

July Dealership Buy-Sell Activity

The dealership buy-sell market remained hot in July with 27 confirmed acquisition bringing the total for 2014 to 151 rooftops and 225 brands changing hands. In 2013, 110 dealerships changed owners through July. To download an Excel file of this year’s acquisitions click TBR_July_Buy_Sell_Excel. Chevrolet held onto its lead for the year with 16 acquisitions.…

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Cliff Banks - The Banks Report

David Maus Reportedly Sells Stake Back to Van Tuyl

A report in the Orlando Business Journal late yesterday (July 30) seems to confirm what we’ve been hearing the last couple of weeks about David Maus selling his stake in four dealerships back  to his majority partners Van Tuyl. The price is rumored to be about $20 million. The Orlando-area stores include David Maus Chevrolet, David Maus Toyota… Continue Reading

The Banks Report 2014 Mid-Year Dealership Buy-Sell Update

The Banks Report 2014 Mid-Year Dealership Buy-Sell Update

OVERVIEW Through the first six months of 2014, 125 dealerships changed ownership, up from 89 through the same period in 2013 according to data compiled by The Banks Report. Eighty-three different buyers accounted for the 125 acquisitions. Note: The 125 does not include the 27 stores Lithia Motors will gain when it closes on its…

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Cliff Banks - The Banks Report

Napleton vs. Jaguar – Another Right of First Refusal Lawsuit

Longtime Illinois dealer Ed Napleton is suing Florida attorney and New York dealer Manuel Kadre; Jaguar Land Rover North America; the Long Island Automotive Group, MMS-HM and their owners, the Marubeni America Corp. It’s another lawsuit resulting from a manufacturer’s exercise of the right of first refusal in which they nix one buyer and bring… Continue Reading

Cliff Banks - The Banks Report

GM Brands Lead Buy/Sells First 5 Months of the Year

June 24, 2014 General Motors branded dealerships are proving to be the most popular on the acquisition front in 2014 with GMC leading with 11 franchises sold and Chevrolet and Buick in second with 10. Meanwhile, five Cadillac dealerships were sold. Honda also has seen several of its dealerships find new owners with eight buy-sells…

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Cliff Banks - The Banks Report

Dealership Buy/Sell Update January – May 2014

There have been 89 dealership acquisitions through the first five months of 2014 – up from 71 through the same period in 2013, according to data compiled by The Banks Report. Even though the number was up through May, the pace for the year was relatively flat – although, still brisk. Last year, there were 202…

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Cliff Banks - The Banks Report

Buyer Beware – Right of First Refusal on the Rise

A couple of days ago, on April 30, Southern Motors Chevrolet filed a lawsuit against General Motors for blocking its purchase of Fuller Chevrolet, located in Rincon, GA. According to dealers and individuals who broker dealership acquisitions one of the more under-reported dynamics of the dealership buy-sell field is the growing willingness on the part…

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Cliff Banks - The Banks Report

2013 Dealership Acquisition Report

YEAR IN REVIEW The pace of automotive dealership buy/sell activity was moderately brisk in 2013, with 180 dealerships accounting for 260 franchises changing owners in the U.S. January started with a bang when Group 1 Automotive announced the acquisition of one of Brazil’s largest retailers, UAB Motors Participacoes S.A., for $47.4 million cash, 1.45 million…

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