Cliff Banks - The Banks Report

Barrier Motors to be Sold to Public Dealer Group?

UPDATED: AutoNation just sent a press release announcing the acquisition of Barrier Motors, which we reported earlier this morning. Industry sources are telling us that a sale of Barrier Motors Group in Bellevue, WA is imminent and that the likely buyer is a public dealer group. Based on the rumors, the market and the brands, it’s…

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Cliff Banks - The Banks Report

Group 1 Acquires Texas Mercedes Store

Group 1 Automotive continues its aggressive pace of acquisitions buying Mercedes Benz of Boerne, Texas from Ronald Heller and Bill Bird. The deal includes a Sprinter franchise and should generate about $135 million in annual revenue. The store is Group 1’s seventh Mercedes Benz dealership. Group 1 has acquired 41 dealerships dating back to January 2013… Continue Reading