Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
Private Equity Is Quietly Buying Up Car Dealerships
Private equity has been buying up car dealerships for years, but the pace has accelerated sharply since 2020. Dealership groups backed by firms like Berkshire Hathaway and Penske now control a growing slice of new-car sales. In this episode, Lucas and Luna look at the numbers behind the trend, the forces driving it — from margin expansion to the franchise system — and what it means for buyers and the mom-and-pop dealers being squeezed out. They discuss the shift from single-store operators to mega-groups, the role of software and data, and the regulatory pushback from state franchise laws. If…
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