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The Herb Chambers Companies, usually shortened to Herb Chambers, is one of the largest automotive dealership in New England and is the North America's 17th largest dealer group. [ 3 ] Herb Chambers is headquartered in Somerville, Massachusetts and operates 60 retail car dealership locations, [ 4 ] representing 35 different brands.
This followed a year that saw the acquisition of the DCH Auto Group, one of the 10 largest dealer groups in the country, with 27 dealerships, before being purchased by Lithia Motors. [13] In 2016, Lithia climbed to #346 and that same year made the Fortune 500 List of Top Ten Companies with the biggest jump in rank on the Fortune 500. [14]
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
Fitzgerald Auto Mall is a family owned and operated auto dealership that was founded in 1966, with its first location opening in Bethesda, Maryland.As of 2014, Fitzgerald Auto Mall ranked number 59 on the list of the "Top 125 Dealership Groups" in the U.S., which is published annually by Automotive News. [1]
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In October 2017, Sonic sold its Capitol Chevrolet & Hyundai franchise in Columbia, SC to the Stivers Automotive Group. In May 2018, Sonic sold its Lone Star Ford franchise in Houston, TX to the Doggett Auto Group. [20] The store was renamed Doggett Ford and moved into a new facility alongside Doggett's John Deere equipment dealership. [21]