1 in 6 franchised dealerships in Colorado traded hands last year

General public suppliers together with Asbury Automotive Team Inc. and Sonic Automotive Inc. have taken observe. They led the 2021 getting spree in Colorado, among the fastest-escalating states in the place by inhabitants, according to the U.S. Census Bureau.

Asbury of Duluth, Ga., which entered Colorado in 2019, purchased virtually 50 % of the Colorado retailers that traded fingers final calendar year, in accordance to an Automotive Information estimate.

Asbury wager huge on Colorado when in December it purchased 8 Stevinson Automotive suppliers in the Denver place, shelling out $377 million on the dealerships and actual estate.

That exact same month, it acquired 11 more Colorado merchants as part of its invest in of Larry H. Miller Dealerships. It also additional a Subaru dealership in Greeley and a Hyundai-Genesis store in Centennial, Colo., last 12 months.

Sonic of Charlotte, N.C., acquired 3 dealerships very last calendar year in the point out, nearly doubling its franchised store rely there. In July, it bought Subaru and Volkswagen dealerships in Grand Junction, Colo., and in Aug-ust acquired an Audi-Volks- wagen dealership in Glenwood Springs, Colo.

Colorado traditionally hadn’t had a substantial penetration of publicly owned dealerships, Jackson explained.

AutoNation Inc., the largest U.S. new-auto retailer, even so, has extended had a existence in the state and ended 2021 with 15 merchants in Colorado, just after providing one particular to Foundation Automotive Corp. AutoNation opened two made use of-motor vehicle-only AutoNation United states shops in the point out previous yr.

Various privately held dealership groups also have entered or expanded in the condition.

Foundation Automotive of Canada and Fowler Keeping Co. of Oklahoma every purchased two merchants in the point out final 12 months.

Ken Garff Automotive Team of Salt Lake Metropolis also purchased two Colorado dealerships when it entered the state last year. Ken Garff ranks No. 9 on Automotive News‘ most modern top rated 150 checklist.

Schomp Automotive Group of Highlands Ranch, Colo., has expanded in recent several years, Jackson mentioned. Schomp, No. 104 on Automotive News‘ most current best 150 checklist, now has eight franchised outlets in the condition.

Last year, Schomp purchased Mike Naughton Ford in Aurora, Colo., and Empire Nissan Littleton. Schomp also has dealerships in Utah and California.

McDonald Automotive Team in Colorado also is increasing: Past 12 months it bought Toyota and Chrysler-Dodge-Jeep-Ram outlets in Fort Morgan, Colo., and a Toyota retail outlet in Greeley, Colo.

Eleanore Beatty

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