It is said frequently that a bad economy is a good time to buy a car, as is the case with most other things. Now it’s starting to look like a good time to buy a car dealership, too.
Texas-based Classic Automotive Group says it is gearing up its $15-million bid for a massive Chevrolet franchise near Tampa from Bill Heard Enterprises, which filed Chapter 11 back in September. That price is half of what Heard paid for its 40 acres along Interstate 4 in Plant City four years ago, and Classic’s partners admit that they could never get a deal this good in normal times.
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