Penske Automotive Group didn’t have to go far for its latest purchase. The retailer said Tuesday it has acquired Erhard BMW of Bloomfield, which is just over a mile away from and located on the same street as Penske’s Bloomfield Hills, Mich., headquarters.
In addition to a few other dealer group moves this week, Sonic Automotive said Wednesday it has opened an EchoPark delivery center in Baton Rouge, La., the second location in the state for Sonic’s chain of standalone used-car stores.
Haig Report expects buy-sell activity is expected to reach estimated 575 car dealerships this year, a 24% increase over the previous record of 463 in 2015.
/PRNewswire/ Sewell Automotive Companies acquired Classic BMW and MINI of Plano on October 4, 2021, and the dealership opened as Sewell BMW MINI of Plano on.