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Q2 dealer acquisition spend soars QoQ

Public acquisition spend dipped 2% YTD

Amanda Harris

Public dealership groups spent more than 10 times the amount on acquisitions of U.S.-based dealerships in the second quarter compared with Q1, potentially boosting larger banks’ and floorplan lenders’ portfolios.   Publicly traded auto retailers spent $956 million on acquisitions in Q2 compared with $89 million in Q1, when dealers focused their capital on stock buybacks, […]

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