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Karl Auto, Continental Automotive Group and Vanguard Automotive Group buy dealerships

Continental Automotive grows in Texas
Continental Automotive Group of Austin, Texas, expanded its holdings in the Lone Star state last year with an acquisition of a domestic dealership in Dallas.

Continental Automotive on July 1 bought Forest Lane Chrysler-Dodge-Jeep-Ram, according to Genny Hardeman Hill, one of the dealership group’s owners.

The sellers were Leo Griggs and Luis Perez, according to Hicks Management & Consulting Group Inc. of Arlington, Texas, a dealership brokerage firm which represented the sellers in the transaction.

Continental Automotive has seven Texas dealerships, with locations in Austin, San Juan and Dallas, according to its website.

Vanguard Automotive adds new brand in Texas
Vanguard Automotive Group in Texas added a Ford dealership to its portfolio late last year when it bought Dewey Moore Ford in Hughes Springs, Texas.

The group on Dec. 1 bought the dealerships from the Moore family and Rick Nelson, according to Hicks Management & Consulting Group, which represented the sellers in the transaction.

The dealership was renamed Vanguard Ford.

Vanguard Automotive also has Vanguard Kia of Arlington and Vanguard Buick-GMC of Carrollton in its portfolio, according to its website.

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