AutoNation, Ken Garff Automotive among buyers in Q3, Q4 deals

Eide Automotive Team provides Ford, Kia dealerships

Eide Automotive Team on Aug. 1 acquired Monthly bill Barth Kia and Bill Barth Ford in Mandan, N.D., from Bill Barth Automotive Group.

The dealerships were being renamed Eide Ford Mandan and Eide Kia Mandan. Mandan is west of Bismarck, N.D.

Jesse Peterson, the group’s CEO and vendor principal of Eide Ford Mandan, said the acquisition authorized Eide Automotive to invest in out its Ford competitiveness in the Bismarck-Mandan market and decide on up an up-and-coming model in Kia.

“There was two Ford dealerships and they were being a person and we had been the other a single,” Peterson, a 2018 Automotive News 40 Underneath 40 honoree, informed Automotive News. “We have been ready to choose up the other Ford dealer and that was a massive deal to us — to be capable to develop our footprint below.”

With the addition of the two retailers, Eide Automotive is up to 6 merchants, which includes two Ford retailers, three Stellantis outlets and a single Kia dealership in North Dakota and Minnesota.

Invoice Barth Automotive, in the meantime, is out of the enterprise, Peterson mentioned.

Given that having more than the suppliers in August, Eide Automotive has done some small bodily upgrades. The largest variations, Peterson explained, occur in the sort of amplified staff members.

“We were able to keep all the workers that wanted to stay,” Peterson explained. “We included a couple to forecast for upcoming progress.”

Ken Garff Automotive Team expands in Arizona

Ken Garff Automotive Team on Dec. 12 extra two extra dealerships in Arizona when it bought two import brand merchants from Earnhardt Auto Centers.

The former Earnhardt Volkswagen in Gilbert and Rodeo Kia in Avondale were being renamed Ken Garff Volkswagen Gilbert and Ken Garff Kia Avondale, according to Megan Maybee, a corporation spokeswoman.

“Arizona is a robust marketplace for us and opening two dealerships at as soon as provides the Ken Garff amount of company to even far more car consumers,” Ken Garff CEO Brett Hopkins explained in a statement.

The Ken Garff group of Salt Lake Metropolis ranks No. 9 on Automotive News’ most current list of the 150 top dealership groups in the U.S., retailing 58,787 new cars in 2021. Earnhardt Automobile Facilities of Chandler, Ariz., ranks No. 18 on that same checklist, retailing of 30,221 new autos in 2021.

Ken Garff now has additional than 50 dealerships in eight states, such as Arizona, California, Colorado, Iowa, Texas, Utah, Nevada and Wyoming, Maybee instructed Automotive News.

The team has been the two a consumer and seller in latest months. Ken Garff offered a Honda retail outlet in Reseda, Calif., to Brandon Steven Motors on Oct. 3, and the group exited Michigan in July when it divested a Cadillac keep in Novi, as perfectly as Chrysler-Dodge-Jeep-Ram suppliers in Southfield and Taylor to Fox Motors of Grand Rapids.

On June 21, Ken Garff purchased Nate Wade Subaru in Salt Lake Metropolis from Kirk Schneider. The team also procured its initially two Arizona dealerships from relatives-operate Earnhardt Automobile in August and September 2021.

Kerrigan Advisors, a sell-facet organization in Incline Village, Nev., represented Earnhardt Vehicle in the profits to Ken Garff.

Kerrigan Advisors also represented Earnhardt Auto in its Feb. 28 sale of Earnhardt Buick-GMC Las Vegas and Earnhardt Mazda Las Vegas in Nevada to Jerry Seiner Dealerships, which marked Earnhardt’s exit from the state, Kerrigan Advisors confirmed.

Eleanore Beatty

Next Post

The Jewelry Edit’s Rosena Sammi Is Punching Above Her Weight

Fri Dec 23 , 2022
NEW YORK –– Inside of a modest storefront on Park Avenue, a single block from Tiffany & Co., Bulgari and Harry Winston, the designer Rosena Sammi is earning her boldest statement still about who gets to be a component of good jewellery’s massive leagues. The first pop-up store for her […]

You May Like