Latest from Jackie Charniga
Former auto dealer Joe Maus purchased a Chevrolet dealership in South Carolina, his first acquisition after selling his stake in other stores the past few years.
As dealer profits fallfrom pandemic highs, a growing number of retailers are considering a controversial tactic to help offset one of their top monthly costs: surcharges on credit card transactions in the service lane.
Nissan of Shelby gets a fresh start, a minority owned dealership group expanded by two stores and another group acquired its first Land Rover dealership.
Two Automotive News top 150 dealership groups purchased import stores in the fourth quarter and a mid-Atlantic group bought three stores in the fourth and first quarters.
The head of the Virginia Automobile Dealers Association said this legislation, if signed into law, will help to shorten sometimes lengthy reviews by automakers to object or approve a proposed buy-sell deal.
Dahl Automotive, which has stores in Wisconsin and Minnesota, entered two markets in Wisconsin with its December purchase of four dealerships.
General Motors last year exercised its right of first refusal in a buy-sell deal for two Nebraska stores. The automaker ultimately sued the seller and original buyer before a judge dismissed the case. The stores changed hands in May.
The right of first refusal in dealership buy-sells has helped minority dealers acquire stores, some their first, and is a tool many automakers say can help them manage their franchises. But others say an increased use of the tool can hurt factory-dealer relations, spook some would-be bidders and lead to lower dealership prices.
A pair of Canadian auto retailers, as well as two large Midwest dealership groups, expanded with deals across Michigan, Ohio, Texas and New York.
Nathaniel Dillard is the youngest ASE-certified world-class technician, passing all 22 tests by age 22. He now works at the Mercedes-Benz plant for a European automotive engineering consulting company.
