U.S. Family-Owned Dealerships Face Grow-or-Die Pressure Amid Industry Consolidation
The U.S. Auto retail sector is undergoing rapid consolidation as local dealerships face pressure to scale or exit. Derek Sylvester’s family closed a deal to sell Sylvester Chevrolet in Peckville, Pennsylvania, to a New York-based dealer group after more than five decades of operation. The 67-year-old owner cited mounting challenges from electric vehicle adoption, artificial … Weiterlesen …