Graham has described an uptick in earnings and profits from the dealerships, disclosing that automotive operating revenue was $4.5 million for the 3rd quarter and $8.8 million for the first 9 months of 2021. 3rd-quarter automotive revenue rose 10 per cent to $84.7 million, even though profits for the very first nine months of 2021
Editor’s note: This story has been updated to reflect the puchase price listed in Sonic’s Dec. 9 regulatory filing. Sonic Automotive Inc. has completed what CEO David Smith has called the group’s largest acquisition ever with its $950.2 million purchase of RFJ Auto Partners Holdings Inc. The acquisition, which was revealed in September and
Dealership technologies enterprise Autos.com reported it plans to get automotive fiscal engineering business CreditIQ in a $30 million offer. Chicago-centered Automobiles.com mentioned Thursday it expects to entire the transaction this thirty day period. The acquisition will be funded with funds on hand, the business reported, and contains the possibility for up to $50 million in
Car retail huge AutoNation Inc. explained it will acquire Precedence 1 Automotive Team, as it introduced report 3rd-quarter effects that observed net revenue approximately double, bolstered by greater utilised-car or truck product sales and profits and record new-vehicle gross financial gain for each device. The nation’s biggest new-auto retailer claimed Thursday it posted 3rd-quarter web
Two dealership groups expanded in California and Texas, respectively, with Oct transactions, although publicly traded vehicle retailer Lithia Motors Inc. bought a Nissan keep this thirty day period. This is a glimpse at the promotions involving import and luxury dealerships. Lithia dealership divestitureLithia Motors Inc. has divested another dealership from the Carbone Car Group, which
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