Hey everyone,
Welcome to the continuation of Car Dealership Guy’s Dealership Buy/Sell Tracker powered by The Presidio Group, with even more M&A transactions.
See what sold, when:
JUNE 2025
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First-time buyer Benji Urra steps in at Bravo Nissan of Victoria.
Benji Urra has acquired Bravo Nissan of Victoria, Texas from Bravo Autos, marking his first franchise store. The dealership is now operating as Nissan of Victoria.
Quick facts:
Buyer: Benji Urra
Seller: Bravo Autos (Raymond Palacios & Alex Flores)
Transaction Date: June 2025
Store Sold: Bravo Nissan of Victoria
Rebrand: Renamed Nissan of Victoria
Market Insight: More first-time buyers are entering the game by targeting value-tier brands like Nissan, especially in dealer-friendly states like Texas
Morgan Auto sets Mazda blue sky record with Hodges buy.
Morgan Automotive Group has acquired Hodges Mazda of the Avenues in Jacksonville and Hodges Mazda of St. Augustine, marking the Hodges family’s exit from auto retail. Per Haig Partners, the Jacksonville store set a record for the highest blue sky value ever paid for a Mazda dealership.
Quick facts:
Buyer: Morgan Automotive Group
Seller: Hodges Family (David and Dan Hodges)
Transaction Date: July 2025
Stores Sold: Mazda of the Avenues (Jacksonville) and Mazda of St. Augustine
Legacy: Family-run for 35 years with a strong regional reputation
Market Insight: Jacksonville store set a new blue sky record for Mazda; demand remains high for top-performing franchises in growth markets
Dave Cantin Group lands back-to-back California deals as M&A momentum builds.
Dave Cantin Group closed two California dealership sales in one week—Audi West Covina and Subaru of Hayward—signaling renewed buy/sell activity on the West Coast.
Quick facts:
Buyer: Victor Oh, Grace Motorcars (Audi West Covina); Uwe and Chris Waizenegger (Subaru of Hayward)
Seller: Envision Motors (Audi West Covina); Brian and Devin McCafferty (Subaru of Hayward)
Transaction Date(s): June 2025
Store Names Before: Audi West Covina; Subaru of Hayward (formerly One Subaru)
Store Names Now: No rebrands announced
Market Insight: DCG says deal activity is accelerating in California, especially as new legislation and OEM flexibility make the state more attractive for strategic buyers.
Ken Garff grabs Arizona’s largest Chevy store.
Ken Garff Automotive Group just added Gateway Chevrolet in Avondale to its roster, taking over the state’s biggest Chevy dealership. The store, now Ken Garff Gateway Chevrolet, keeps its existing team as the group deepens its Phoenix footprint.
Quick Facts:
Buyer: Ken Garff Automotive Group
Seller: Gateway Chevrolet
Transaction Date: June 25, 2025
Store Name Before: Gateway Chevrolet
Store Name Now: Ken Garff Gateway Chevrolet
Deal Context: Strengthens Ken Garff’s Phoenix expansion (now 5 stores since 2021)
Market Insight: Ken Garff now runs Chevy, Kia, Hyundai, and VW stores in metro Phoenix; 70+ dealerships across 9 states
Trust Auto Group expands in California with Palmdale Kia deal.
Trust Auto Group has acquired Palmdale Kia from Nouri/Shaver Automotive, adding another store to its California footprint. The move reflects Kia’s growing appeal in dealer M&A, as the brand surges in desirability thanks to strong margins and affordable, fast-moving models.
Quick facts:
Buyer: Trust Auto Group
Seller: Nouri/Shaver Automotive
Store Name Before: Palmdale Kia
Store Name Now: Palmdale Kia (unchanged)
Transaction Date: Announced late June 2025 (via Performance Brokerage Services)
Don Franklin Auto Group scoops up Bowling Green Kia.
Don Franklin Auto Group has acquired Bowling Green Kia from Martin Management Group, strengthening its Kentucky presence. The deal adds to Kia’s momentum as one of the hottest brands for acquisitive dealers in 2025.
Quick facts:
Buyer: Don Franklin Auto Group
Seller: Martin Management Group
Store Name Before: Bowling Green Kia
Store Name Now: Bowling Green Kia (unchanged)
Transaction Date: Announced late June 2025 (via Performance Brokerage Services)
Toyota of Corona joins Mike Hong and Jerry Heuer’s portfolio.
Mike Hong and Jerry Heuer acquired a Southern California Toyota dealership from Asbury Automotive on June 9, renaming it Toyota of Corona. The store was part of Asbury’s 2021 Larry H. Miller acquisition, and the new owners see it as a chance to grow with one of retail’s most valuable franchises in a top-tier market.
Quick facts:
Buyer: Mike Hong and Jerry Heuer
Seller: Asbury Automotive Group
Store Name Before: Larry H. Miller Toyota Corona
Store Name Now: Toyota of Corona
Transaction Date: June 9, 2025
Lithia acquires Mercedes-Benz of Jackson.
Lithia Motors closed its purchase of Mercedes-Benz of Jackson from the Higginbotham family on June 2, continuing its Southeast expansion. The move gives Lithia a luxury anchor alongside its Toyota and GM operations in Mississippi.
Quick facts:
Buyer: Lithia Motors
Seller: Higginbotham family
Transaction Date: June 2, 2025
Store Name Before: Mercedes-Benz of Jackson
Store Name Now: Mercedes-Benz of Jackson (name retained)
Lithia picks up Mercedes-Benz of Collierville.
Lithia Motors also acquired Mercedes-Benz of Collierville as part of the same June 2 transaction. The Tennessee store bolsters Lithia’s luxury footprint in a key Southeast market.
Quick facts:
Buyer: Lithia Motors
Seller: Higginbotham family
Transaction Date: June 2, 2025
Store Name Before: Mercedes-Benz of Collierville
Store Name Now: Mercedes-Benz of Collierville (name retained)
Performance Auto Group acquires Fullerton Auto Group.
Performance Auto Group has acquired Fullerton Auto Group, a 50+ year fixture on Route 22 in Somerville, NJ, adding eight franchises and a prime location to its growing portfolio.
Quick facts:
Buyer: Performance Auto Group
Seller: Fullerton Auto Group (Albert DiFiore)
Transaction Date: June 2025
Store Name Before: Fullerton Auto Group
Store Name Now: Performance Auto Group (branding details not specified)
Franchises Included: Ford, Chrysler, Dodge, Jeep, Ram, Fiat, Alfa Romeo, Maserati
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MAY 2025
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Paul LaFontaine grows Michigan footprint with CDJR acquisition.
Paul LaFontaine has acquired LaLonde Chrysler Dodge Jeep Ram in Imlay City, MI, rebranding it as Imlay City Chrysler Dodge Jeep Ram and creating a multi-brand campus alongside the family’s existing Ford store.
Quick facts:
Buyer: Paul LaFontaine / LaFontaine Automotive Group
Seller: Tania LaLonde
Transaction Date: May 2025
Store Name Before: LaLonde Chrysler Dodge Jeep Ram
Store Name Now: Imlay City Chrysler Dodge Jeep Ram
Additional notes: The 35,000 sq. ft. facility joins LaFontaine’s Ford store nearby; upgrades include a new used car lot and repaved entryways.
Group 1 Automotive acquires 3 stores in Florida and Texas.
Group 1 Automotive has acquired three luxury dealerships: Lexus of Fort Myers, Acura of Fort Myers, and Mercedes-Benz of South Austin, boosting its cluster strategy in both regions.
Quick facts:
Buyer: Group 1 Automotive
Seller: Not disclosed
Transaction Date: May 2025
Store Names Before: Lexus of Fort Myers, Acura of Fort Myers, Mercedes-Benz of South Austin
Store Names Now: (Same names retained)
Additional notes: The stores are expected to add ~$330M in annual revenue, bringing Group 1 to 3 stores in Southwest Florida and 8 in Austin.
Zeigler Auto Group enters the Ferrari game with Lake Forest acquisition.
Zeigler Auto Group closed on its purchase of Ferrari Lake Forest from the Mancuso family in May 2025—marking its first step into the ultra-luxury segment. The 75,000-square-foot location, founded in 1981, also sells brands like Pagani, Koenigsegg, and Automobili Pininfarina.
Quick facts:
Buyer: Zeigler Auto Group
Seller: Mancuso family
Transaction Date: May 2025
Store Name Before: Ferrari Lake Forest
Store Name Now: Ferrari Lake Forest (name retained)
Additional notes: The store moves about 265 new/used Ferraris annually. It was described by CEO Aaron Zeigler as “by far the most we’ve ever paid for a single rooftop.” The Mancuso family will stay involved to help with the transition and future growth.
Boyd Automotive expands to NC coast with Kyle Busch as partner.
NASCAR star Kyle Busch has joined Boyd Automotive Group as part-owner of their newly acquired Chevy store in Kitty Hawk, NC. The deal brings celebrity power to the coastal market, as Boyd snaps up OBX Chevrolet from Victory Automotive Group.
Quick facts:
Buyer: Boyd Automotive Group (with Kyle Busch as partner)
Seller: Victory Automotive Group
Transaction Date: May 2025
Store Name Before: OBX Chevrolet
Store Name Now: Expected rebrand with Boyd name; not officially stated
Additional notes: Boyd plans to keep local staff in place and integrate inventory/resources across its three Chevy locations. The store has served the Outer Banks community for 20+ years.
Hoffman Auto Group expands in Vermont with Subaru and Hyundai buys.
Hoffman Auto Group has acquired Burlington Subaru and Burlington Hyundai from 802 Cars, adding two high-performing Vermont stores to its portfolio, per a recent press release.
Quick facts:
Buyer: Hoffman Auto Group
Seller: 802 Cars
Transaction Date: May 2025
Store Names Before: Burlington Subaru, Burlington Hyundai
Store Names Now: Likely to retain branding under Hoffman Auto Group umbrella
Additional notes: 802 Cars retains Berlin operations (802 Honda, 802 Toyota, 802 Subaru); Hoffman’s move taps into Burlington’s strong market and high loyalty brands.
Krause Auto Group doubles down on Florida with Volvo buy.
Krause Auto Group has acquired McGrath Volvo Cars of Fort Myers and its 9-acre property for $13.5 million, marking its fourth dealership in Lee County and continuing its expansion in South Florida.
Quick facts:
Buyer: Krause Auto Group
Seller: McGrath Automotive Group
Transaction Date: May 2025
Store Name Before: McGrath Volvo Cars of Fort Myers
Store Name Now: Volvo Cars Fort Myers
Additional notes: Showroom renovations are planned by early 2026; the move aligns with Krause’s strategy of pairing premium and volume brands for portfolio balance.
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APRIL 2025
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Jerry Seiner Auto enters California with Honda store.
Jerry Seiner Auto Group has entered California and added Honda to its brand portfolio with the purchase of Ocean Honda in San Juan Capistrano from Victory Automotive Group. The store now operates as Jerry Seiner Honda.
Quick facts:
Buyer: Jerry Seiner Auto Group
Seller: Victory Automotive Group
Transaction Date: April 2025
Store Name Before: Ocean Honda
Store Name Now: Jerry Seiner Honda
Additional notes: This marks Seiner’s first California dealership and first Honda franchise, as the group moves beyond its Utah and Nevada strongholds.
Pugmire Automotive scoops up two Southeast Ford stores.
Pugmire Automotive Group expanded its Ford footprint with two key acquisitions this spring — Pioneer Ford in Bremen, GA (now Pugmire Ford of Bremen) and Havana Ford in Havana, FL. The Havana deal capped off a negotiation more than six years in the making.
Quick facts:
Buyer: Pugmire Automotive Group
Sellers: Pioneer Ford (GA) & Havana Ford (FL)
Transaction Date: April 2025
Store Names Before: Pioneer Ford / Havana Ford
Store Names Now: Pugmire Ford of Bremen / Havana Ford (name unchanged)
Additional notes: DSMA, which brokered both deals, says Southeast dealership demand remains hot, driven by population growth, limited store supply, and eager regional buyers.
Golling Automotive Group adds Detroit-area CDJR store.
Golling Automotive Group has acquired Ray Laethem Chrysler Dodge Jeep Ram in Detroit, now operating as Golling Chrysler Dodge Jeep Ram of Grosse Pointe. The move adds a fourth Stellantis store and eighth total dealership to Golling’s Michigan portfolio.
Quick facts:
Buyer: Golling Automotive Group
Seller: Ray Laethem Chrysler Dodge Jeep Ram (Jeff Laethem)
Transaction Date: April 2025
Store Name Before: Ray Laethem Chrysler Dodge Jeep Ram
Store Name Now: Golling Chrysler Dodge Jeep Ram of Grosse Pointe
Additional notes: Seller Jeff Laethem retains Ray Laethem Buick GMC. The deal was brokered by Performance Brokerage Services.
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MARCH 2025
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Atlantic Coast expands in West Virginia with multi-store buy from Lithia.
Atlantic Coast Automotive Group has acquired multiple dealerships from Lithia Motors in Morgantown, West Virginia—including Ford, Subaru, Chrysler, Dodge, Jeep, Ram, and Fiat—marking a strategic portfolio shift for the nation’s second-largest group. Dave Cantin Group’s Brandon Werley advised on the March deal, which reflects ongoing optimization moves by Lithia as it adjusts its national footprint.
Quick facts:
Buyer: Atlantic Coast Automotive Group
Seller: Lithia Motors
Transaction Date: March 10, 2025
Stores Sold: Ford, Subaru, CDJR, and Fiat of Morgantown
Market Insight: Part of Lithia’s ongoing portfolio optimization; highlights continued regional growth by private groups like Atlantic Coast
Tony T Automotive Group returns to Houston with Gulfgate CDJR buy.
Tony Thomas, head of Tony T Automotive Group, has acquired Gulfgate Dodge-Chrysler-Jeep-Ram in Houston from industry veteran James Davis, rebranding it as Tony T Chrysler Dodge Jeep Ram of Gulfgate.
Quick facts:
Buyer: Tony T Automotive Group
Seller: James Davis / Gulfgate Dodge-Chrysler-Jeep-Ram
Transaction Date: March 2025
Store Name Before: Gulfgate Dodge-Chrysler-Jeep-Ram
Store Name Now: Tony T Chrysler Dodge Jeep Ram of Gulfgate
Additional notes: Davis retires after 23 years as a Stellantis dealer. Thomas previously worked at Gulfgate and returns after building his group across Arkansas and South Carolina.
Eide Automotive expands in North Dakota with Mandan buy.
Eide Automotive Group has acquired Chevrolet of Mandan and Subaru of Mandan from Foundation Automotive, rebranding the stores as Eide Chevrolet and Eide Subaru.
Quick facts:
Buyer: Eide Automotive Group
Seller: Foundation Automotive
Transaction Date: March 2025
Store Names Before: Chevrolet of Mandan, Subaru of Mandan
Store Names Now: Eide Chevrolet, Eide Subaru
Additional notes: The move brings Eide’s footprint to eight stores across North Dakota and Minnesota. Foundation says the sale supports its strategy to focus on core markets.
Lithia picks up Elk Grove Subaru, expands in California.
Lithia & Driveway has acquired Elk Grove Subaru in California, marking its second Subaru store purchase of 2025. The deal is expected to add around $100 million in annual revenue.
Quick facts:
Buyer: Lithia & Driveway
Seller: Not specified in public reports
Transaction Date: March 2025
Store Name Before: Elk Grove Subaru
Store Name Now: Elk Grove Subaru (no rebrand announced)
Additional notes: Lithia says the acquisition strengthens its Southwest presence and fits its strategy of partnering with high-performing brands like Subaru.
Jim Shorkey Auto Group grows again with Toyota of Greensburg buy.
Jim Shorkey Auto Group has acquired Toyota of Greensburg, adding to its growing Northeast footprint. The store strengthens Shorkey’s position in a Pittsburgh market where Toyota sales surged 15% in 2024.
Quick facts:
Buyer: Jim Shorkey Auto Group
Seller: Not specified in public reports
Transaction Date: March 2025
Store Name Before: Toyota of Greensburg
Store Name Now: Toyota of Greensburg (no rebrand announced)
Additional notes: The dealership is a six-time Toyota President’s Award winner and expands Shorkey’s network to 17 stores.
Van Tuyl snaps up Groove Subaru in Denver.
Larry Van Tuyl’s VT Companies has acquired Groove Subaru in Denver from Summit Automotive Partners, less than a month after buying Groove Toyota in Englewood. Both stores will keep the Groove branding.
Quick facts:
Buyer: VT Companies (Visionary Automotive Group)
Seller: Summit Automotive Partners
Transaction Date: March 2025
Store Name Before: Groove Subaru
Store Name Now: Groove Subaru (no rebrand announced)
Additional notes: This brings Van Tuyl’s group to 10 dealerships across AZ, TX, CA, and CO, as he steadily rebuilds his automotive empire.
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FEBRUARY 2025
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Krause Automotive Group enters Myrtle Beach with Kia acquisition.
Krause Automotive Group has acquired Myrtle Beach Kia from Bobby Gale, marking its entry into the South Carolina market. The deal was facilitated by Gill Automotive Group. Gale will retain ownership of Myrtle Beach Chrysler Jeep, while the Kia store transitions to new leadership under Vernon Krause.
Quick facts:
Buyer: Krause Automotive Group
Seller: Bobby Gale
Transaction Date: February 2025
Store Sold: Myrtle Beach Kia
Store Retained: Myrtle Beach Chrysler Jeep remains under Bobby Gale
Market Insight: Represents Krause’s continued Southeast expansion and a strategic move into the Myrtle Beach market
Asbury inks historic $1.34B Herb Chambers deal.
Asbury Automotive Group is acquiring 33 dealerships and 52 franchises from The Herb Chambers Companies in a $1.34 billion blockbuster deal—one of the largest in U.S. auto retail history.
Quick facts:
Buyer: Asbury Automotive Group
Seller: The Herb Chambers Companies
Transaction Date: Agreement signed February 2025; closing expected late Q2 2025
Store Name Before: Various Herb Chambers dealerships
Store Name Now: Expected to transition to Asbury branding (except Mercedes-Benz of Boston, which Herb retains)
Additional notes: Adds $2.9B in annual revenue; strengthens Asbury’s New England footprint; Herb Chambers stays on as Special Advisor.
