Golling Automotive Group added a new brand to its Detroit-area dealerships with the acquisition of Mark Chevrolet in Wayne, Mich., from Charles Cabana, a deal announced by Performance Brokerage Services, which represented the buyer.

Performance Brokerage Services’ Mark Shackelford Jr. said Golling, which now operates nine franchise locations and a used-car store in the Detroit market, was seeking to add a Chevy dealership to its mix, which also includes Toyota, Kia, Buick, GMC and Stellantis franchises.

Golling was founded in 1966 by World War II veteran William Golling Jr., who opened a Volkswagen dealership in Troy, Mich. His son, Bill Golling is now the company’s president, with his sons, Matthew and Mike, serving as vice presidents.

Mark Chevrolet was owned and operated by Charles Cabana, a U.S. Marine Corps veteran who served during the Vietnam War. Cabana, whose son Chris was the dealership’s general manager, passed away Oct. 17, after the sale had closed.

Mark Chevrolet has been renamed Golling Chevrolet.

AutoNation authorizes additional $1 billion for stock repurchase

AutoNation announced its board of directors has authorized the repurchase of up to an additional $1 billion of the company’s common stock.

“Our strong performance and consistent cash flow generation continue to support strategic investments in growth and shareholder returns,” CEO Mike Manley said. “This additional $1 billion share repurchase authorization reflects our continued confidence in AutoNation’s performance and long-term strategy.”

Through Oct. 30, AutoNation has repurchased 3 million shares this year for an aggregate purchase price of $576 million ($189 per share). With the increased authorization, the company has a total board authorization of approximately $1.28 billion remaining for share repurchases and about 36 million shares outstanding. AutoNation has reduced its shares outstanding by 8% since the end of 2024.

AutoNation operates more than 300 dealerships nationwide.