Lithia Acquires Ford Store

Lithia Acquires Ford Store

August 13, 2016 — Lithia Motors has acquired Kemp Ford in Thousand Oaks, CA, renaming it DCH Ford it’s fourth acquisition in 2016. The purchase should increase Lithia’s revenues by $65 million annually. The publicly traded dealer group, based in Medford, OR, acquired Riverside Subaru in Riverside, CA in January and Ira Toyota in Milford, MA… Continue Reading

TBR 2016 Mid-Year Dealership Buy-Sell Report

TBR 2016 Mid-Year Dealership Buy-Sell Report

July 12, 2016 — Dealership acquisition activity is showing a slight slowdown according to data compiled for TBR’s 2016 Mid-Year Dealership Buy-Sell Report. (Subscribers to The Banks Report can download Excel files with buy-sell activity going back to January 2013).  Through June of 2016, there were 108 different transactions accounting for 177 rooftops changing hands. In…

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Cliff Banks - The Banks Report

Slow Dealer Buy-Sell Pace Continues First Two Weeks of June

June 14, 2016 — (UPDATED June 16) Of the nine dealership acquisitions through the first two weeks of June, four occurred in the Denver market. In two separate transactions last week, the Larry H. Miller Group acquired three stores from Doug Moreland — Cherry Creek Dodge in Denver, Fiat of Denver and Colorado Chrysler Jeep of Aurora… Continue Reading

Air Bags and Dealer Buy-Sells?

Air Bags and Dealer Buy-Sells?

June 13, 2016 — The collateral damage resulting from the Takata airbag disaster likely will start affecting dealership buy-sell activity at the public group level for the near future. The issue is the number of used vehicles that currently are in inventory at the public dealer groups that cannot be sold because of the recall. The…

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Dealer Buy-Sell Market Slows Down

Dealer Buy-Sell Market Slows Down

May 31, 2016 — With only 86 transactions through May of 2016, the dealership buy-sell market appears to be slowing down from the record-setting pace in 2015 in which The Banks Report recorded 107 transactions over the same period. The number of rooftops changing owners is also down significantly with 149 this year compared with 222…

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What We Learned From Holman’s Acquisition of Kuni

What We Learned From Holman’s Acquisition of Kuni

Last week’s announcement that Holman Automotive is acquiring the Kuni Automotive Group is significant on numerous levels. The Banks Report, which broke the news of the deal, estimates that it is the biggest dealer acquisition since Warren Buffett’s purchase of the Van Tuyl Automotive Group in March of 2015. So what does the deal mean for…

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Holman Automotive to Acquire Kuni Automotive

Holman Automotive to Acquire Kuni Automotive

April 11, 2016 — The Holman Automotive Group will announce tomorrow morning that it is acquiring Kuni Automotive, The Banks Report has learned. The acquisition brings together two storied automotive companies and creates one of the country’s largest privately held dealer groups with 33 dealerships located in eight states generating more than $3 billion in annual revenue.… Continue Reading