Herb Chambers has sold his network of Massachusetts and Rhode Island dealerships and collision centers to Asbury Automotive Group in a blockbuster, $1.34 billion deal that puts Asbury in the New England market for the first time. +

Veteran M&A advisor Andy Gill tells CBT News readers that, depending on their brand and location, some dealers who have not considered selling may draw offers too generous to refuse. +

Waning dealership profitability could have a cooling effect on a dealer M&A market that was red-hot in 2024. Alysha Webb talks with experts and offers her latest forecast for Auto Remarketing. +

Honda, Nissan and Mitsubishi have entered discussions that could lead to a three-way merger that would form the world’s third-largest automaker. A new U.S. president could complicate the deal. +

Cooper Chevrolet Buick acquired GMC and Hyundai rooftops from neighboring Superior Automotive Group, creating a five-franchise collection now known as Cooper Auto Family. +

Sonic Automotive and Kerrigan Advisors announced the acquisition of Audi New Orleans from Bohn Brothers Automotive Group. The Metairie, La., store has served the Crescent City area since 2009. +

Kerrigan Advisors tracked 330 dealership transactions involving 544 franchises in the first nine months of 2024, putting M&A on track for a fifth consecutive year of growth. +

Don Franklin Automotive Group broadened its dealership portfolio with the acquisition of Knox Ford from owner Gary Haupt, who will focus his attention on his larger Ford dealership in Louisville. +

Sam Leman Automotive Group purchased Champaign (Ill.) Chrysler Jeep Dodge Ram, Yahoo Finance reported. +

Fred Beans Automotive expanded with the purchase of three rooftops from Freysinger Automotive and a new “state-of-the-art” collision center. +