Florida’s Atlantic Coast Automotive Group has acquired all three of Lithia Motors’ West Virginia stores, entering a sixth state in a move described as a “key strategic divestiture” by the broker. +
Kerrigan Advisors’ latest Blue Sky Report finds single point dealerships represented 79% of buy/sells in the first quarter, up from 68% in 2023, but total transactions fell by 14%. +
Hendrick Automotive Group will return to Columbia, S.C., with the purchase of Love Chevrolet and Love GMC from Love Automotive, which exits the market after 60 years. +
Jerry Seiner Auto Group has acquired Ocean Honda of San Juan Capistrano from Victory Automotive Group. The renamed Jerry Seiner Honda is the Utah group’s first California store. +
AutoNation has acquired Groove Ford and Groove Mazda of suburban Denver from Summit Automotive Partners, completing the selloff of Summit’s Colorado Groove stores that started last year. +
Auto Dealership Partners has won an $18 million judgment against Ford Motor Co. after accusing the factory of engaging in “deceit and fraud” by blocking the purchase of a Benton, Ark., franchise. +
Shortly following a multimillion-dollar penalty leveled by the FTC, AutoCanada Inc. is actively seeking a buyer for its 10 Illinois dealerships and hopes to close the deal by the end of 2025. +
U.S. auto dealers sold 697 franchises in an all-time record of 438 transactions last year, according to Kerrigan Advisors’ year-end Blue Sky Report, a 10% increase from 2023. +
Carvana has acquired Jerry Seiner Chrysler-Dodge-Jeep-Ram of Casa Grande, Ariz., marking the online retailer and dealer disruptor’s first foray into the new vehicle business. +
Herb Chambers has sold his network of Massachusetts and Rhode Island dealerships and collision centers to Asbury Automotive Group in a blockbuster, $1.34 billion deal that puts Asbury in the New England market for the first time. +
