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Displaying items by tag: Fox Motors

Monday, 13 December 2021 16:57

Fox Motors expands to metro Detroit with two Erhard dealership acquisitions

Fox Motors has gained a foothold in the metro Detroit market by acquiring two longtime Farmington Hills-based dealerships.

Published in Finance
Sunday, 09 May 2021 18:05

Auto dealers face vehicle shortage as supply chain woes grip industry

In a typical year, Matt Koning likes to have up to 210 vehicles listed and ready to sell across his four used car lots. Right now, his inventory is sitting at 110 — and he still feels fortunate to have that robust of a supply.

Published in Manufacturing
Sunday, 21 June 2020 17:55

Auto dealers say demand remains strong, as worries grow over new car inventories

The projected slide in new vehicle sales globally and nationwide paints a grim picture for the industry, but local auto dealership executives say there’s a disparity between the numbers and what they’re seeing on their lots.

Published in Economic Development

Sunday, 13 October 2019 19:53

M&A Awards: Fox Motors navigates complexities to acquire, consolidate pair of family-owned dealerships

When Fox Motors negotiates deals to buy other dealerships, the Grand Rapids-based company prioritizes treating sellers fairly in the transactions. 

Published in Other