A 16-store acquisition in Virginia tops the dealership deals done to date this year.
Safford Automotive Group picked up the stores in Maryland and Virginia from Brown Automotive Group, more than doubling its store count.
Big Dealership Buy Is Biggest So Far This Year
Safford acquires 16 stores in Maryland, Virginia.
November 11, 2022
Automotive News ranked Safford Automotive 104th on its most recent top-150 U.S.-based groups.
IMAGE: Safford Automotive Group
1 min to read
The stores break down among two Honda, two Hyundai and two Nissan dealerships, three Mazda stores, and single Chrysler-Jeep-Dodge-Ram; Kia Subarua; Toyota; and Volkswagen dealerships, plus a used-car location and a classic car and auto shop, according to Automotive News.
Brown Automotive executives are moving to Safford’s management team. The newly combined organization will be named Safford Brown Automotive Group.
Automotive News ranked Safford Automotive 104th on its most recent top-150 U.S.-based groups, based on 2021 retail sales of new vehicles of 9,847.
READ MORE: Fewer Dealers Look to Buy, See Profits Rising While More See Their Value Falling
Originally posted on Auto Dealer Today
More Dealer Ops
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →
IA American Appoints Two Execs
Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.
Read More →
Franchises, Throughput Down in First Half
A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.
Read More →
How to Build a High-Performance Sales and F&I Team
Performance and profits start with people chosen and led the right way.
Read More →
Buy-Sells Up in Q2
Kerrigan metrics show there’s plenty of demand, though many sellers are waiting to pull the trigger.
Read More →
DOWC Powers the Future of F&I for NESNA
Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.
Read More →
March New-Vehicle Sales Healthy
Despite incentive spending not keeping pace with deliveries volume, consumers make their purchases ahead of tariffs impact.
Read More →
New DOWC Program Debuts
Hybrid solution combines benefits of reinsurance and dealer-owned warranty companies.
Read More →
Carryover Rate Important for Auto Retailers
Understanding how it plays into inventory risk management is an important consideration.
Read More →
Dealer Survey Finds Anxieties
Kerrigan Advisors poll shows percentage of retailers expecting lower profits, valuations is on the rise.
Read More →