This is our 2022 listing of the best U.S. dealership groups

This is our 2022 listing of the best U.S. dealership groups

April 5, 2022 Off By iwano@_84

Morgan Automotive Group broke into the list’s best 10 for the 1st time, introducing 8 shops and bringing its complete to 53. 7 arrived from the group’s invest in of Reeves Import Motorcars in Tampa, Fla., in Oct.

CEO Brett Morgan informed Automotive Information the team continues to eye acquisition targets, especially in its critical markets in Florida.

More advancement is also on the thoughts of Borches. Growth makes it possible for Carter Myers to provide weightier occupation chances, she mentioned.

“Back again in the day when there ended up a good deal of single-place dealerships, you may well hit the ceiling of your career as a revenue manager or services supervisor mainly because possibly there have been a few or four household associates at that up coming amount,” Borches reported.

LaFontaine Automotive Group, of Highland, Mich., rose 10 places on the checklist to No. 33. Its acquisitions in 2021 introduced its overall to 29 and extra brand names new to the team — Lincoln and Mazda. But there are continue to franchises the team doesn’t have — substantial-conclusion German makes these kinds of as BMW, Mercedes-Benz and Audi and luxurious British manufacturers Jaguar and Land Rover, spokesman Max Muncey claimed.

“We have a gap in our portfolio,” Muncey explained. “We acknowledge that, so individuals definitely are models we’re hunting for.”

LaFontaine’s leaders see prospect as scaled-down dealership teams examine advertising, a little something that can be brought on when retail store homeowners never have a line of succession, he said.

These exploration implies offer-earning could velocity up a lot more in 2022, gurus say.

“We’re gonna see a continued acceleration in consolidation and then the regular type of shifting palms of targets that are not really the regular consolidators,” reported Mark Johnson, president of invest in-offer business MD Johnson in Enumclaw, Wash.

Jack Walsworth contributed to this report.