Lithia Motors raises bid for Pendragon dealerships | Dealers see refusal right as both helpful and harmful | Dealerships sell after Neb. court battle involving GM using its right of first refusal

Lithia Motors has raised its offer for the dealership and fleet businesses of Pendragon following rival bids from two publicly traded auto retailers.

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Monday, October 02, 2023   Done Deals is a monthly look at the dealership buy-sell market. Readers can share story tips or deal news with Automotive News Senior Retail Editor Melissa Burden at mburden@crain.com and buy-sell reporters Jack Walsworth at jwalsworth@crain.com, Julie Walker at julie.walker@crain.com and Gail Kachadourian Howe at gail.howe@crain.com. Subscription Required Lithia Motors raises bid for Pendragon car dealerships   Read More > Subscription Required Boon or burden? Automakers' use of right of first refusal in dealership buy-sells aids some, hinders others   Read More > Subscription Required Chevy, Cadillac dealerships trade hands after Nebraska court battle involving GM exercising its right of first refusal   Read More >   This Automotive News feature lists dealership acquisitions as reported by brokers, news media and official announcements. See our list of buy-sells and submit details of your deals here.   Recent transactions:   ■ Colonial Subaru | Kingston, N.Y. » ■ Route 22 Nissan | Hillside, N.J. » ■ Galesburg Nissan | Galesburg, Ill. » ■ Kia of Grand Rapids North | Grand Rapids, Mich. » ■ Wilson Chrysler-Jeep | Clinton, Ill. »   Subscription Required Lithia's CEO confident in its deal for Pendragon Lithia Motors Inc. CEO Bryan DeBoer believes his company will win the bidding war for U.K. auto retail giant Pendragon. Lithia’s bid would transform Pinewood, Pendragon’s dealership management system, into a standalone company.    Read More > Subscription Required Toyota, Mitsubishi, Infiniti, Ford car dealerships sell   Read More > Subscription Required Graham Ourisman buys Toyota dealership in Virginia   Read More > Subscription Required Long-Lewis Automotive buys 1, sells 3 stores   Read More > Subscription Required AutoNation joins Pendragon bidding war   Read More > Sponsored Content From Haig Partners BUY-SELL Q&A: Value of Buying vs. Benefit of Selling Dealerships Today As dealers navigate a downturn in dealership profits, one thing remains abundantly clear: The buy-sell market remains remarkably active.    Read More > Subscription Required JAMIE BUTTERS: Chasing the Pendragon sets off a chain reaction in automotive retail   Read More > Subscription Required Penske bids throw wrench into Lithia deal for Pendragon   Read More > Subscription Required MileOne Autogroup sells 7 Virginia dealerships to Atlantic Coast Automotive   Read More > Subscription Required Penske-Hedin bid for Pendragon rejected after Lithia acquisition announcement   Read More > Subscription Required Deal would give Lithia a large presence in U.K. and a pathway to a DMS   Read More > Subscription Required Lithia to buy Pendragon's UK dealerships, take stake in DMS   Read More > Subscription Required Stellantis, Chevrolet, Infiniti, Buick-GMC dealerships sell in Q2, Q3 deals   Read More > Subscription Required SHELDON SANDLER: Dealers have big decisions to make on whether to stay or sell   Read More > Subscription Required Asbury could grow to 4th largest group with deal   Read More > Asbury agrees to buy Jim Koons group for $1.2 billion in ‘transformative' acquisition   Read More > Subscription Required Car dealerships sold include Kia, Infiniti, VW, Ford, Hyundai, Mazda   Read More > Future Product Pipeline Find out what new vehicles & technologies automakers have planned in 2023 & beyond. Subscribe & save 50% This email was sent to bimoharjanto.ankerbellok@blogger.com Manage My Account | Contact Us   © 2023 Automotive News 1155 Gratiot Ave., Detroit, MI 48207-2997 United States Privacy Policy | Terms and Conditions | Unsubscribe