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Weekly declines continued last week, but the rate of decline is still less than is typically experienced this time of year. Sellers are holding firm to floors, and we have yet to see conversion rates return to pre-holiday levels.
The transaction consisted of Dick's Hillsboro Chevrolet, Dick's Country CDJR, and Dick's Mackenzie Ford. Under the new ownership they will be known as Tonkin Hillsboro Chevrolet, Tonkin CDJR and Tonkin Hillsboro Ford.
The deal expands the company’s presence in Centralia, creating a hub for automotive sales with Chevrolet, Stellantis, and the first FORD franchise for Jim Butler Auto Group.
CEO Pat Gelsinger says government funding is needed to address an overconcentration of production in Asia.