Consolidation Sweeps Across Auto Dealerships During Pandemic Minnetonka-based Morrie’s Auto Group is part of the national trend of big players growing larger.
The CEO of Morrie’s Auto Group wants to double the number of dealerships that Morrie’s owns in the Twin Cities expanding from 12 to 24.
“We have a lot of room for growth,” CEO Lance Iserman said in a
Twin Cities Business interview. “We could add another 12 stores, and I would be comfortable with that.”
Iserman is an active player in the auto-dealer consolidation trend that accelerated during the pandemic. In February, Morrie’s acquired six dealerships in four western Wisconsin towns, although the Brenengen family that sold to Morrie’s retains a minority stake.
More consumers are shopping online for cars Can dealerships keep up?
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auto sales | Benzinga
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Used car prices in Canada up as inventory dwindles
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Corporate PAC donations to parties and candidates plummet after Capitol riot Kate Ackley and Herb Jackson © Provided by Roll Call Donations from Comcast’s corporate PAC, one of the most active in the 2020 cycle, dried up in January as the company and many others examine donation policies in the wake of the Capitol riot.
AT&T’s political action committee shelled out more than $322,000 to members of Congress and party committees in January 2019. Two years later, the same corporate PAC disclosed no donations at all. Ditto for Comcast’s PAC, which dished out $231,000 in January 2019 and nothing to federal coffers in the first, tumultuous month of this year.