A freshly formed group purchased its first dealership, another snagged its fourth store in Oklahoma, two stores selling General Motors vehicles traded hands, and a Ford dealership got new ownership in transactions that closed in the third and fourth quarters of 2022 and the first quarter of this year.
Here's a look at the deals involving domestic dealerships in Michigan, Oklahoma, Indiana and New York.
One transaction involved a retailer ranked on Automotive News' list of the top 150 dealership groups.
Maxey family buys Fowlerville Ford
The Maxey family on Nov. 10 acquired Fowlerville Ford in Michigan from Ken Hagar, according to Mike Maxey, owner-operator of the store renamed Bob Maxey Ford in Fowlerville.
The dealership "is kind of a consolidation between the Fowlerville location and my Howell location," Maxey told Automotive News.
Maxey said the Fowlerville store offers service and used-car sales and is a satellite location to Bob Maxey Ford of Howell. Fowlerville is about 12 miles northwest of Howell and 60 miles west of Detroit, where Bob Maxey has Ford and Lincoln dealerships.