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

4 dealership groups additional merchants in the mid-Atlantic, Midwest and New England in four transactions late in the third quarter and early in the fourth quarter.

This is a glimpse at the discounts that associated import and domestic makes. A person transaction involved a dealership team rated on Automotive News‘ top 150 dealership teams primarily based in the U.S.

Sheehy grows in Virginia
Sheehy Vehicle Stores
of Fairfax, Va., has acquired import- and domestic-model retailers in Fredericksburg, Va., about an hour’s generate south of its headquarters.

The Sheehy team, led by President Vince Sheehy, on Sept. 29 acquired Best Buick-GMC and Final Subaru from Randy Harris, president of Final Automotive. Sheehy presently had a Toyota store in Fredericksburg.

“Sheehy Auto Retailers is thrilled to be increasing in the Fredericksburg marketplace,” Vince Sheehy reported in a statement. “With the Toyota, Subaru and Buick-GMC models, we will be in a great situation to have exactly the new and employed motor vehicles our buyers want.”

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

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

In January, Sheehy acquired 1 of the past CarMax Inc. franchised dealerships: CarMax Laurel Toyota in Maryland. It also offered a Ford dealership in Marlow Heights, Md., in April.

Sheehy ranks No. 44 on Automotive Information‘ checklist of the top rated 150 dealership teams centered in the U.S., retailing 19,441 new motor vehicles in 2020.
Performance Brokerage Companies, an Irvine, Calif., get-market organization, managed the Sheehy-Final transaction.

DCD enters new condition
Developing 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, the two in North Kingstown, R.I., from Ed Tarbox. Tarbox acquired the Toyota dealership in 1996 and had owned the Hyundai retail outlet considering that 2004. North Kingstown is south of Warwick, R.I.

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

“The Tarbox dealerships have great histories, with even improved teams, and we glimpse forward to constructing on their presently reliable foundations to offer buyers with a quality automobile-purchasing practical experience, top quality buyer service and a high quality range of vehicles — manufactured even extra expansive with our firm’s shared sources and inventory,” DCD CEO Chris Dagesse claimed in a statement.

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

Woody Woodward and John Hyland of DCG Acquisitions, a Dave Cantin Group enterprise, dealt with the DCD-Tarbox transaction.

Eleanore Beatty

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