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M&A Sizzles for New-Car Dealers
2015-12-22 04:01:40| Auto Dealers - Topix.net
U.S. car dealerships changed hands at an accelerated pace this year boosted by robust new-car demand, strong dealer profits and an increased focus on the business following Warren Buffett's purchase of a Phoenix-based chain. A total of 456 dealerships have been acquired thus far in 2015, a 40% increase over the prior year, according to The Banks Report, which tracks merger and acquisitions in car retailing.
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Category:Automotive
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