Morgan Automotive Group entered the top 10 on the list for the first time, adding eight stores and bringing its total to 53. Seven came from the group’s purchase of Reeves Import Motorcars in Tampa, Florida, in October.

CEO Brett Morgan said Automotive News the group continues to aim for acquisition targets, particularly in its key markets in Florida.

More growth is also on Borches’ mind. The expansion allows Carter Myers to provide greater career opportunities, she said.

“Back when there were a lot of single point dealerships, you could hit the ceiling of your career as a sales manager or a service manager because there were maybe three or four family members. at that higher level,” Borches said.

LaFontaine Automotive Group, of Highland, Michigan, moved up 10 spots on the list to 33rd. Its acquisitions in 2021 brought its total to 29 and added new brands to the group – Lincoln and Mazda. But there are still franchises the group doesn’t have – premium German brands such as BMW, Mercedes-Benz and Audi and luxury British brands Jaguar and Land Rover, spokesman Max Muncey said.

“We have a gap in our portfolio,” Muncey said. “We recognize that, so those are definitely brands we’re looking at.”

LaFontaine executives see an opportunity as smaller dealer groups explore selling, which can be triggered when store owners don’t have a line of succession, he said.

Such exploration means deal-making could accelerate further in 2022, experts say.

“We’re going to see a continued acceleration in consolidation and then the normal changing of hands of targets that aren’t really the typical consolidators,” said Mark Johnson, president of buy-sell firm MD Johnson in Enumclaw, Wash. .

Jack Walsworth contributed to this report.


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