Here’s our 2022 list of the top U.S. dealership groups

ByPunta Dewa

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Here’s our 2022 list of the top U.S. dealership groups

Morgan Automotive Group broke into the list’s top 10 for the initially time, adding eight suppliers and bringing its complete to 53. Seven arrived from the group’s purchase of Reeves Import Motorcars in Tampa, Fla., in October.

CEO Brett Morgan instructed Automotive Information the group carries on to eye acquisition targets, particularly in its important markets in Florida.

Additional progress is also on the mind of Borches. Enlargement permits Carter Myers to supply weightier job alternatives, she reported.

“Again in the day when there were being a large amount of single-position dealerships, you may strike the ceiling of your career as a revenue manager or provider supervisor since perhaps there ended up 3 or 4 spouse and children associates at that upcoming level,” Borches stated.

LaFontaine Automotive Team, of Highland, Mich., rose 10 spots on the listing to No. 33. Its acquisitions in 2021 brought its overall to 29 and included manufacturers new to the team — Lincoln and Mazda. But there are even now franchises the team does not have — superior-close German brand names this kind of as BMW, Mercedes-Benz and Audi and luxury British brand names Jaguar and Land Rover, spokesman Max Muncey explained.

“We have a hole in our portfolio,” Muncey explained. “We acknowledge that, so those undoubtedly are brands we are searching for.”

LaFontaine’s leaders see prospect as smaller sized dealership groups check out promoting, something that can be induced when store owners you should not have a line of succession, he reported.

These kinds of exploration implies deal-creating could velocity up much more in 2022, experts say.

“We’re gonna see a continued acceleration in consolidation and then the usual type of switching fingers of targets that usually are not actually the normal consolidators,” said Mark Johnson, president of get-promote agency MD Johnson in Enumclaw, Wash.

Jack Walsworth contributed to this report.