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

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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