Australia's Automotive Holdings Group buys two Manukau car dealerships for $7.5M

Mon, 08 Jan 2018

By Paul McBeth Jan. 8 (BusinessDesk) - ASX-listed Automotive Holdings Group, Australia's biggest auto retailer, has bought two dealerships in the Auckland suburb of Manukau for $7.5 million, expanding its footprint to nine franchises in the country's biggest city. Perth-based AHG has agreed to acquire co-located Hyundai and Mitsubishi dealerships near its existing Holden and Nissan sites in Manukau, and will subsume the operations into its existing New Zealand business, the company said in a statement. The Australian firm will pay $7.5 mi...

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