California Dealership Changes Hands
Two groups trade coastal Orange County Honda store as they focus in different directions.
The Southern California store is the new owner's first in the state.
Pinnacle Mergers & Acquisitions
A growing auto group concentrated in Western states has acquired a Southern California Honda dealership.
The sale of Ocean Honda in the Orange County city of San Juan Capistrano is the first Golden State store for Jerry Seiner Auto Group and its first Honda franchise.
Pinnacle Mergers & Acquisitions represented the seller, Victory Automotive Group, in the transaction.
Victory said it just bought two Honda stores in Indiana that is sees being a better fit for the group, which owns dozens of dealerships across California, the Midwest, the South and Massachusetts. The transaction was the 15th Pinnacle has helped the group with.
The California Honda store was renamed Jerry Seiner Honda.
The Jerry Seiner group grew its Western-focused footprint with the acquisition. It also has stores in Utah, Arizona and Nevada.
The group originated in Michigan with a single Chevrolet dealership, but the brand gave its founder the chance to buy a Salt Lake City store five years later, and it grew its Western presence from there.
More Industry
More Than Specs
Today's car buyers want more than technical specs: they want to know the true value of the vehicle and how it fits into their lives.
Read More →
Q3 Auto Market Breakdown | Dealer Debrief
New-vehicle financing hit record highs in the third quarter, and negative equity continues to strain the market. Learn more in this week's Dealer Debrief!
Read More →
Automaker Advances Safety for All
A new report by Volvo Cars Safety Centre analyzed the impact of 50 years' worth of research in automotive safety development
Read More →
Kentucky Store Leaves Family
An auto group stretched across three states picked up the Lexington-area Ford fixture as its second store for the brand in the state.
Read More →
U.S. Auto Brands Falling Behind
Asian auto brands are outpacing U.S. brands in stateside new-vehicle sales. Learn more in this week's Dealer Debrief with Lauren!
Read More →
U.S. EV Market Update | Dealer Debrief
The U.S. electric vehicle market is slowly recovering from the loss of the federal EV tax credit last fall. Learn more in this week's Dealer Debrief!
Read More →
Auto Finance Numbers Set Records
Third-quarter data show how consumers are adapting to ongoing affordability challenges facing the new- and-used-vehicle markets.
Read More →
Auto Dealerships Can’t Afford to Ignore the 50+ Consumer
Younger generations may be all the buzz today when it comes to product marketing targets, but their older cohorts command a sizable share of purchasing power.
Read More →
Savings Seekers Boost U.S. Automakers’ Rivals
As consumers here look for ways to curb inflation’s affect on their budgets, brands offering plenty of alternative powertrains are closing in on home-grown OEMs.
Read More →
The Slow Electric Ascent
Second-quarter data show that the electric-vehicle market in the U.S. is inching up, the majority of states seeing a month-over-month increase.
Read More →