In the summer of 2022, there was a shortage of new vehicles on dealer lots. The inventories of today are back up to almost 2019 levels, driving new vehicle prices down.
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Jim Spellman and Bret Matthews, who own five Chicago area dealerships, bought Adamson Motors in north Rochester last week. The real estate part of the deal included paying $9.51 million in cash
The Adamson family sold their 70-year-old Rochester car dealership, Adamson Motors, to Illinois car dealers Jim Spellman and Bret Matthews. The Adamson name is being replaced with the Happy brand.