December 2024 marked a notable month for dealership acquisitions across the U.S., with Matt Bowers Auto Group and Sonic Automotive expanding their presence in Louisiana. Here are notable acquisitions for December 2024.

Notable Car Dealership Acquisitions in December 2024

Kelly Grimsley Honda sells to Ethan Lee, dealership is rebranded as Lumos Honda

Kelly Grimsley Honda in Odessa, Texas, has been acquired by Ethan Lee and rebranded as Lumos Honda, marking a new chapter for the dealership (which was owned by Grimsley for 30 years).  Ethan Lee will continue to maintain his ownership interest in Grubbs Nissan in Texas.¹ 

Buyer: Ethan Lee
Seller: Kelly Grimsley
Transaction Date: 12-03-2024
Dealership Location: Odessa, Texas
Dealership Old Name: Kelly Grimsley Honda in Odessa, Texas
Dealership New Name: Lumos Honda
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Price Family Dealerships expands with the acquisition of Modesto Toyota from Stinson Enterprises 

Price Family Dealerships acquired Modesto Toyota from Stinson Enterprises. Price Family Dealerships, has served northern California since 1976².  With this acquisition they have 30 locations³. 

Buyer: Price Family Dealerships
Seller: Stinson Enterprises
Transaction Date: 12-04-2024
Dealership Location: Modesto, California
Dealership Old Name: Modesto Toyota in California
Dealership New Name: TBD

United Automotive Group acquires Hyundai of Gilroy from Tekion Corp.

DMS provider Tekion Corp. sold its sole dealership, Hyundai of Gilroy in California, to Pedram Amin, owner of United Automotive Group. The dealership will retain its name⁴.

Buyer: United Automotive Group
Seller: Tekion Corp.
Transaction Date: 12-09-2024
Dealership Location: Gilroy, California
Dealership Old Name: Hyundai of Gilroy in California
Dealership New Name:  Dealership name will remain the same
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Bohn Brothers Automotive Group sell Audi New Orleans to Sonic Automotive  

Sonic Automotive completed the acquisition of Audi New Orleans(from the Bohn Brothers Automotive Group), expanding its footprint in Louisiana⁵.

Sonic Automotive, Inc., a Fortune 500 company and one of the largest automotive retailers in the U.S. now has 10 Audi dealerships in it’s portfolio. This acquisition marks Sonic Automotive’s first franchise dealership in Louisiana, expanding its dealership portfolio to 108 locations⁶.

Buyer: Sonic Automotive
Seller: Bohn Brothers Automotive Group
Transaction Date: 12-10-2024
Dealership Location: Metairie, Louisiana
Dealership Old Name: Audi New Orleans in Metairie, La.
Dealership New Name: Dealership name will remain the same
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Matt Bowers Auto Group Expands with acquisition of Hyundai-Genesis Metairie

Matt Bowers Auto Group acquired Hyundai-Genesis of Metairie from Bohn Brothers Automotive Group. The dealership, located in Metairie, Louisiana, has been rebranded as Matt Bowers Hyundai-Genesis Metairie⁷.

Matt Bowers Auto Group has 11 dealerships covering the following regions: South Louisiana, the Mississippi Gulf Coast, South Alabama, and Nashville/Middle Tennessee⁸.

Buyer: Matt Bowers Auto Group
Seller: Bohn Brothers Automotive Group
Transaction Date: 12-12-2024
Dealership Location: Metairie, Louisiana
Dealership Old Name: Hyundai-Genesis of Metairie in Louisiana
Dealership New Name: Matt Bowers Hyundai-Genesis Metairie

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Sources 

1. "Dealership Buy Sell." Auto News, 12 Dec. 2024, www.autonews.com/buy-sell/. Accessed 1 Jan. 2025.
2. "Price Family Dealerships Acquire Modesto Toyota from Stinson Enterprises." Https://Www.Pr.Com/, 4 Dec. 2024, www.pr.com/press-release/926611.
3. "About Price Family of Dealerships." Price Family of Dealerships, 4 Dec. 2024, www.pricefamilydealerships.com/about-us/. Accessed 3 Jan. 2025.
4. "Tekion Sells Sole Dealership to Growing Auto Group." Auto News, 13 Dec. 2024, www.autonews.com/retail/mergers-acquisitions/an-tekion-sells-hyundai-dealership/. Accessed 3 Jan. 2025.
5. "Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Audi New Orleans to Sonic Automotive." Business Wire, 13 Dec. 2024, www.businesswire.com/news/home/20241213853716/en/Kerrigan-Advisors-Represents-Bohn-Brothers-Automotive-Group-in-Sale-of-Audi-New-Orleans-to-Sonic-Automotive. Accessed 3 Jan. 2025.
6. "Sonic Automotive Announces Acquisition of Audi New Orleans." Sonic Automotive, 12 Dec. 2024, ir.sonicautomotive.com/news-events/press-releases/detail/324/sonic-automotive-announces-acquisition-of-audi-new-orleans. Accessed 3 Jan. 2025.
7. "Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Hyundai Genesis of Metairie Dealership to Matt Bowers Auto Group." Business Wire, 16 Dec. 2024, www.businesswire.com/news/home/20241216116558/en/Kerrigan-Advisors-Represents-Bohn-Brothers-Automotive-Group-in-Sale-of-Hyundai-Genesis-of-Metairie-Dealership-to-Matt-Bowers-Auto-Group. Accessed 3 Jan. 2025.
8. "Matt Bowers Auto." Matt Bowers Auto, 1 Jan. 2024, www.mattbowersauto.com/. Accessed 3 Jan. 2025.