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Longtime dealership grows its inventory with acquisitions from retiring dealer.
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Q3 activity points to prospect of a record year in dealership trading.
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Transactions set a new record in the first half of 2024, with 381 franchises sold as sellers capitalize on elevated values and stabilized earnings.
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Sale is last of auto group that operated Memphis-area stores for decades.
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Penske has absorbed stores representing nearly $2B in revenue this year.
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Sellers flock to market to take advantage of still-high valuations, Kerrigan Blue Sky Report says.
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San Antonio, Houston dealerships bought by different auto groups.
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Northwest Chrysler Dodge Ram Jeep underscores demand for dealerships in high-growth, densely populated markets, says broker Kerrigan Advisors.
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