Open Road Capital acquires 5 dealerships from Beyer Auto Group

Automotive investment firm Open Road Capital on Oct. 11 purchased five Virginia dealerships from Beyer Auto Group, including Land Rover Alexandria. (OPEN ROAD CAPITAL)

October 11, 2024 09:57 PM

Open Road Capital keeps expanding, this time buying its first stores in Virginia with the purchase of five dealerships that annually retail more than 7,000 vehicles and generate about $400 million in revenue.

Featured Stories

Mexico says it’s negotiating with Trump to lower auto tariffs in next 40 days

Dealership buy-sell database updates: Top 150 groups included in 10 deals across eight states

Trump’s tariffs challenge Korea and other industry friends

Here’s our list of the 2025 Top 150 dealership groups

Latest News

Live updates on tariffs: Reaction and fallout as auto tariffs take effect

Mexico says it’s negotiating with Trump to lower auto tariffs in next 40 days

Dealers advertise no-tariff vehicles ahead of price increases

Lincoln President Dianne Craig retiring; successor worked at GM, Rivian

Staying current is easy with newsletters delivered straight to your inbox.

See More in Retail

Will Carvana be ready for the next market shift with tariffs? Confidence is there

Dealership can defend itself against lawsuit stemming from test drive crash, court rules

Canadian March, Q1 sales surge on tariff fears

Bennett Automotive Group sells Provincial Chrysler in Windsor, Ont.

Staying current is easy with newsletters delivered straight to your inbox.