Transactions set a new record in the first half of 2024, with 381 franchises sold as sellers capitalize on elevated values and stabilized earnings.
Vaughan Automotive picks up store in small town next to the state's biggest city.
Sale is last of auto group that operated Memphis-area stores for decades.
Penske has absorbed stores representing nearly $2B in revenue this year.
Sellers flock to market to take advantage of still-high valuations, Kerrigan Blue Sky Report says.
San Antonio, Houston dealerships bought by different auto groups.
Northwest Chrysler Dodge Ram Jeep underscores demand for dealerships in high-growth, densely populated markets, says broker Kerrigan Advisors.
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