Two dealerships that traded hands involved former Major League Baseball players, and a group bought its second Long Island store, all in the first quarter, while another dealer added a second store in a fourth-quarter 2022 purchase.
Here's a look at the deals involving import and domestic dealerships in Wisconsin, New York, Indiana and California.
Former MLB player Dorian Boyland sells Honda store to Rosen Automotive in Wisconsin
Jeff Rosen, CEO of Rosen Automotive Group, added a fourth store to his chain of dealerships running along 27th Street through Milwaukee and Greenfield, Wis., with the purchase of All-Star Honda from Dorian Boyland. The transaction closed Jan. 17.
The store, in the Milwaukee suburb of Greenfield, is now named Rosen Honda.
"I've always looked at getting a Honda store and it was right on my block," Rosen told Automotive News. "So I thought it was a great fit … making sure that we keep the customers in the Rosen Automotive family."
Sales and service staff have been retained, but Rosen Automotive brought in its own management team, Rosen said. The store will undergo a Honda facility image upgrade in 2024 or 2025, he added.
Along with its four stores now along 27th Street (Rosen Automotive's Kia and Nissan stores are in Milwaukee and Hyundai is in Greenfield), the group has two dealerships in the Madison, Wis., area.
Rosen said that he does not have any deals pending, but that the group is "looking to grow."
In April 2022, Rosen Automotive bought the former Francois Ford in Belleville, Wis.
Boyland, a former MLB player with the Pittsburgh Pirates, along with Daniel Kaiser, in August sold a Stellantis dealership in Oregon to Time Auto Group.
Scott Mackie, senior vice president of the Midwest region for buy-sell firm National Business Brokers in Irvine, Calif., facilitated the Honda store transaction.