“That franchise has had a really good run of product, of profitability,” Kerrigan told Automotive News. “The largest dealership groups and the publics like Group 1 are looking to grow their relationship with Kia.”
Kerrigan said his firm, which represented Beck and Masten in both sales, continues to see outsized interest in “business-friendly, growing markets such as Texas,” which translates into “significant premiums” paid for those dealerships.
While Group 1 has been buying…
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