P&A Providers & Administrators
MenuMENU
SearchSEARCH

Holman Finalizes Acquisition of Leith Automotive

Biggest retail transaction in group's 100-year history nearly doubles its retail business.

April 1, 2024
Holman Finalizes Acquisition of Leith Automotive

Centennial-year purchase puts Holman at nearly 60 dealerships.

IMAGE: Holman

2 min to read


Holman, an automotive services provider, acquired North Carolina-based Leith Automotive Group, nearly doubling its automotive retail business.

After the transaction, Holman said it has 58 dealerships, 34 brands and nearly 4,500 retail automotive employees in nine states. It's the largest retail acquisition in its 100-year history.  

Ad Loading...

The expansion includes 13 new franchises and its first auction center. All Leith facilities are in the greater Raleigh area and Aberdeen, N.C.    

“In our centennial year, we’re excited about the opportunities to strengthen and grow our automotive retail footprint that began in 1924 with a single dealership. This acquisition represents the culmination of extensive strategy, hard work and vision to put our employee partners and our business in a position to win for the next 100 years,” said Holman CEO Chris Conroy.

Both family-owned organizations have a legacy of success and growth built on longstanding core values, Holman said. Together, it said they remain committed to doing the right thing for employees, customers and the community. The deal preserves the Leith brand and team.

“Like Holman, Leith has placed the highest priority on delivering excellent customer service by building a strong network of employee partners,” Holman President of Automotive Retail Gene Welsh said. “We are thrilled to welcome Leith’s 1,900 employees to the Holman family.”

Holman ranks as one of America’s largest privately-owned dealership networks. The certified, female-owned broader Holman business delivers a unique range of automotive-centric services to commercial and consumer customers around the globe.

 

Originally posted on Auto Dealer Today

More Industry

EV charger inserted into dark-colored car port
Industryby Hannah MitchellAugust 18, 2026

EV Market Humming Along

July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.

Read More →
blue sky, yellow and orange rollercoaster with riders going up an incline
Industryby Lauren LawrenceAugust 12, 2026

EV Sales Recover in Q2

The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.

Read More →
Photo of blue Toyota Prius parked next to body of water with city skyline in background
Industryby Hannah MitchellAugust 5, 2026

The Cheapest Hybrids to Fuel

The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.

Read More →
Ad Loading...
white SUV parked in front of a body of water with a gray sky background
Industryby Lauren LawrenceAugust 5, 2026

Hybrids and SUVs Gaining Ground

The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.

Read More →
red, black, and yellow car in a car dealership showroom, Growth Beyond Sales text box, Auto Dealer Today logo
Industryby Lauren LawrenceJuly 31, 2026

Dealership Profits Decline

While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.

Read More →
Photo of four men involved in sale of three auto dealerships, standing in front of the sold Chevrolet store
IndustryJuly 28, 2026

New Mexico Stores Change Hands

Three dealerships owned by three brothers are renamed for a new partnership bridging the founders’ family and a new auto retail leader.

Read More →
Ad Loading...
inside of automotive manufacturing plant, robotic assembly
Industryby Lauren LawrenceJuly 28, 2026

International Automakers Overpower Domestic Output

As the current U.S. administration pushes for domestic automotive production, a new report sheds light on the prevalence of international automakers here.

Read More →
Photo of gray SUV plugged into public electric-vehicle charger in parking lot
Industryby Hannah MitchellJuly 21, 2026

World EV Adoption Set to Grow

A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.

Read More →
Bar chart of truck and SUV segments' weekly value change
Industryby StaffJuly 21, 2026

Black Book: Weekly Market Update

Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.

Read More →
Ad Loading...
laptop with blue car on screen on a shopping website, Clear Costs Convert
Industryby Lauren LawrenceJuly 21, 2026

Pricing Transparency Drives Purchase Consideration

An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.

Read More →