Brandon Steven Motors punctuated a bustling a few-month dealership development time period with its Nov. 16 buy of Earn Hyundai Carson in California from Jerry Heuer and Hani Nassif.
Business President Brandon Steven instructed Automotive Information that the offer marked the Wichita, Kan., dealership group’s fourth addition given that late August. Also additional were being a Honda retail outlet, Jaguar-Land Rover dealership and an open up-place Hyundai dealership, all in California.
Brandon Steven renamed the Gain shop Hyundai Carson. Carson is south of Los Angeles.
Heuer and Nassif have bought their ultimate two dealerships, in accordance to Jesse Stopnitzky, a companion with Performance Brokerage Providers Inc., a get-offer business in Irvine, Calif. Effectiveness Brokerage co-founder Jason Stopnitzky brokered that transaction.
Heuer and Nassif also on Nov. 16 sold Get Chevrolet in Carson to Bob Nouri and Pete Shaver of the freshly formed Nouri/Shaver Automotive Group. Performance Brokerage co-founder Jason Stopnitzky brokered the transaction. Nassif programs to retire, but Heuer ideas to keep in the enterprise, Jesse Stopnitzky mentioned.
Brandon Steven Motors on Oct. 3 also procured Hamer Honda from the Ken Garff Automotive Group. That retail outlet was renamed Honda of Reseda, found in the town northwest of Los Angeles.
Brandon Steven Motors ranks No. 123 on Automotive News’ list of the leading 150 dealership teams based in the U.S., retailing 8,195 new autos in 2021. Ken Garff Automotive of Salt Lake Town ranks No. 9 on that exact same record, retailing 58,787 new motor vehicles in 2021.
Ken Garff in June bought a Subaru shop in Salt Lake Town and the team also exited Michigan in July when it bought 3 dealerships.
Also this summertime, the Brandon Steven team on Aug. 23 acquired Jaguar-Land Rover Ventura from Sterling Motors of Newport Beach, Calif.
Phil Vass was the managing lover of that shop and is remaining on in the identical function, according to Mike Sims, president of Pinnacle Mergers & Acquisitions. The Frisco, Texas, acquire-promote organization represented the seller in that transaction.
Steven explained he’s energized for extra California enlargement. In 2020, Steven acquired Honda of Downtown Los Angeles on a handshake deal for $80 million and his group purchased two dealerships in drop 2021. Steven’s new open up-place, Hyundai of Downtown Los Angeles, was awarded in Oct and has because opened in a non permanent facility, Steven claimed.
At some point, the store will relocate within just a block of the Honda store in a new setting up, Steven explained.
With the Hyundai dealership, Steven has termed his shot, referencing a previous effectively-identified New York Yankees slugger. “I am just gonna go forward and Babe Ruth you on this a single,” Steven reported, referencing the home run smashed for the duration of the 1932 Globe Series. Ruth famously pointed two fingers to centre area ahead of sending the ball there.
Steven hopes his Hyundai shop will turn into No. 1 in gross sales in the country.
“It can be gonna be a monster, monster facility,” Steven explained. “It’s gonna be a six-story making.”
Steven now has 7 new-motor vehicle dealerships in California, while the remainder of the portfolio is in Kansas.