Missouri Dealership Sells
The Kansas City-area store is auto group’s first Ford foray.
The newly acquired dealership is auto group's sixth, all in the Kansas City metro area.
Pinnacle Mergers & Acquisitions
A Kansas City, Mo. metro area dealership changed hands as a small but growing auto group added its first Ford franchise.
Max Ford in Harrisonville was renamed Reed Ford after purchaser Reed Automotive Group, which already operated five dealerships among the Buick GMC, Hyundai, Chevrolet, and Chrysler Dodge Jeep Ram brands.
Reed is headed by Randy, Trevin and Tyler Reed. The group sold one Hyundai dealership in December.
The buyer and sellers Mark Muller and Bob Jacaway of Max Motors Dealerships were both represented by Pinnacle Mergers & Acquisitions, which also brokered Reed’s Hyundai sale.
Reed’s other holdings are spread across Kansas City and St. Joseph in western Missouri near the Kansas state line.
Max Motors, founded in 2006, still has nearly a dozen dealerships in Missouri and Kansas.
More Industry
EV Consideration Climbs
Despite the loss of federal EV incentives, interest has grown in the U.S., largely thanks to charging infrastructure improvements.
Read More →
August Auto Angst
The hot month brought hot-to-the-touch vehicle prices in the U.S. as consumers dived for more affordable models but found higher price tags to go with them.
Read More →
Arizona Stores in New Hands
The two franchises bring continued growth for a homegrown automotive group in its third generation of family ownership.
Read More →
Two New Rides Earn Safety Awards
Thanks to vehicle redesigns, two more vehicles have earned IIHS’ Top Safety Pick+ award that builds on the criteria of the lower Top Safety Pick award.
Read More →
How A Simple Phone Call Can Cause a Dealership Data Breach
Despite the sophisticated techniques fraudsters often employ today to gain access to dealerships’ valuable information, they sometimes use a somewhat old-fashioned approach.
Read More →
Texas Rooftop Gets New Owner, Name
Family-owned Lumos Auto Group acquired Acura of the Rio Grande Valley from Bill Bird and will operate the dealership as Lumos Acura.
Read More →
Hyundai Feeling Electric
As the automaker looks to the balance of the decade, it plans to significantly boost its electrified powertrain lineup, including more hybrids and its first extended-range EVs.
Read More →
Dealer Debrief: Luxury Brands are Losing Ground
The quality gap between luxury and mass-market auto brands is narrowing. Today, Lauren is discussing why.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
Longtime Ford Store Changes Hands
The Virginia dealership joins a small area automotive group in a one-dealership transaction, moving from one family franchisee to another.
Read More →