The latest report from Kerrigan Advisors shows the number of dealership buy-sells could exceed 2024’s record of 438 by year’s end as strong sales and earnings propel consolidation. +
Penske Automotive announced the acquisition of four Toyota and Lexus dealerships in California and Texas, including the nation’s highest-volume Toyota store. +
Each of America’s six largest publicly traded dealer group say gross profit per new vehicle retailed declined on a year-over-year basis in the third quarter, some by double digits. +
Automotive News’s latest quarterly report shows Sonic Automotive leading the “Big 6” publicly traded dealership groups with an average of $2,718 in F&I gross profit per vehicle. +
Group 1 Automotive reported a 5% increase in F&I profit per vehicle in the first quarter, leading the six biggest publicly traded U.S. auto groups, five of which reported year-over-year gains. +
Five of the Big 6 publicly traded dealer groups are generating at least $2,000 in F&I gross profit per vehicle retailed, according to the latest quarterly report from Automotive News. +
Executives at Lithia Motors and Sonic Automotive tell WardsAuto’s Jim Henry they are not satisfied with the gains in service and parts revenue they and their competitors reported in the fourth quarter. +
Kerrigan Advisors tracked 330 dealership transactions involving 544 franchises in the first nine months of 2024, putting M&A on track for a fifth consecutive year of growth. +
