AutoNation, Ken Garff Automotive among the buyers in Q3, Q4 specials

Eide Automotive Team provides Ford, Kia dealerships

Eide Automotive Team on Aug. 1 acquired Invoice Barth Kia and Bill Barth Ford in Mandan, N.D., from Bill Barth Automotive Team.

The dealerships ended up renamed Eide Ford Mandan and Eide Kia Mandan. Mandan is west of Bismarck, N.D.

Jesse Peterson, the group’s CEO and vendor principal of Eide Ford Mandan, explained the acquisition allowed Eide Automotive to purchase out its Ford competition in the Bismarck-Mandan marketplace and pick up an up-and-coming manufacturer in Kia.

“There was two Ford dealerships and they were a single and we had been the other one particular,” Peterson, a 2018 Automotive Information 40 Beneath 40 honoree, told Automotive Information. “We have been in a position to decide up the other Ford seller and that was a large deal to us — to be in a position to expand our footprint here.”

With the addition of the two merchants, Eide Automotive is up to six suppliers, including two Ford stores, three Stellantis suppliers and a person Kia dealership in North Dakota and Minnesota.

Invoice Barth Automotive, in the meantime, is out of the enterprise, Peterson reported.

Considering the fact that taking above the merchants in August, Eide Automotive has done some minimal bodily upgrades. The greatest changes, Peterson claimed, appear in the sort of amplified staff members.

“We ended up equipped to keep all the workers that wished to keep,” Peterson said. “We added a couple of to forecast for long run expansion.”

Ken Garff Automotive Team expands in Arizona

Ken Garff Automotive Group on Dec. 12 included two a lot more dealerships in Arizona when it purchased two import brand name outlets from Earnhardt Vehicle Facilities.

The former Earnhardt Volkswagen in Gilbert and Rodeo Kia in Avondale were renamed Ken Garff Volkswagen Gilbert and Ken Garff Kia Avondale, according to Megan Maybee, a corporation spokeswoman.

“Arizona is a sturdy market for us and opening two dealerships at after provides the Ken Garff degree of service to even far more auto shoppers,” Ken Garff CEO Brett Hopkins mentioned in a statement.

The Ken Garff group of Salt Lake City ranks No. 9 on Automotive News’ most new checklist of the 150 major dealership teams in the U.S., retailing 58,787 new motor vehicles in 2021. Earnhardt Vehicle Centers of Chandler, Ariz., ranks No. 18 on that identical list, retailing of 30,221 new motor vehicles in 2021.

Ken Garff now has much more than 50 dealerships in 8 states, including Arizona, California, Colorado, Iowa, Texas, Utah, Nevada and Wyoming, Maybee instructed Automotive News.

The group has been both of those a consumer and vendor in latest months. Ken Garff sold a Honda retailer in Reseda, Calif., to Brandon Steven Motors on Oct. 3, and the group exited Michigan in July when it divested a Cadillac store in Novi, as nicely as Chrysler-Dodge-Jeep-Ram suppliers in Southfield and Taylor to Fox Motors of Grand Rapids.

On June 21, Ken Garff obtained Nate Wade Subaru in Salt Lake Metropolis from Kirk

Read More... Read More

Sheehy Auto Stores, DCD Automotive among buyers in 4 dealership acquisitions

Four dealership groups added stores in the mid-Atlantic, Midwest and New England in four transactions late in the third quarter and early in the fourth quarter.

Here’s a look at the deals that involved import and domestic brands. One transaction involved a dealership group ranked on Automotive News‘ top 150 dealership groups based in the U.S.

Sheehy grows in Virginia
Sheehy Auto Stores
of Fairfax, Va., has purchased import- and domestic-brand stores in Fredericksburg, Va., about an hour’s drive south of its headquarters.

The Sheehy group, led by President Vince Sheehy, on Sept. 29 bought Ultimate Buick-GMC and Ultimate Subaru from Randy Harris, president of Ultimate Automotive. Sheehy already had a Toyota store in Fredericksburg.

“Sheehy Auto Stores is thrilled to be expanding in the Fredericksburg market,” Vince Sheehy said in a statement. “With the Toyota, Subaru and Buick-GMC brands, we will be in a great position to have exactly the new and used vehicles our customers want.”

Sheehy has renamed the acquired dealerships Sheehy Buick-GMC Fredericksburg and Sheehy Subaru Fredericksburg.

The transaction marks the third Subaru store and second Buick-GMC dealership for Sheehy, which has dealerships in Maryland and Virginia.

In January, Sheehy bought one of the last CarMax Inc. franchised dealerships: CarMax Laurel Toyota in Maryland. It also sold a Ford dealership in Marlow Heights, Md., in April.

Sheehy ranks No. 44 on Automotive News‘ list of the top 150 dealership groups based in the U.S., retailing 19,441 new vehicles in 2020.
Performance Brokerage Services, an Irvine, Calif., buy-sell firm, handled the Sheehy-Ultimate transaction.

DCD enters new state
Growing DCD Automotive Holdings Inc. has entered Rhode Island with the acquisition of two import dealerships.

DCD on Oct. 1 bought Tarbox Toyota and Tarbox Hyundai, both in North Kingstown, R.I., from Ed Tarbox. Tarbox acquired the Toyota dealership in 1996 and had owned the Hyundai store since 2004. North Kingstown is south of Warwick, R.I.

The stores have been renamed Nucar Tarbox Toyota and Nucar Tarbox Hyundai.

“The Tarbox dealerships have great histories, with even better teams, and we look forward to building upon their already solid foundations to provide consumers with a quality car-buying experience, quality customer service and a quality selection of vehicles — made even more expansive with our company’s shared resources and inventory,” DCD CEO Chris Dagesse said in a statement.

DCD, of Norwood, Mass., now has 18 dealerships throughout Delaware, Massachusetts, New Hampshire and Rhode Island. In March, DCD bought two Boston-area Chevrolet dealerships.

Woody Woodward and John Hyland of DCG Acquisitions, a Dave Cantin Group company, handled the DCD-Tarbox transaction.… Read More...

Read More