Jim Butler Vehicle Group, Faulkner Automotive Group, Horne Automobile Group and Coughlin Automotive Team each individual expanded their dealership portfolios with acquisitions in both late in the fourth quarter of 2021 or early in January 2022.
This is a look at the bargains involving domestic-, import- and luxurious-model dealerships.
Jim Butler Vehicle Group expanded its reach in Missouri with the acquisition of a Ford-Chrysler-Dodge-Jeep-Ram dealership.
Jim Butler Auto, by a subsidiary, acquired Auffenberg Motor Co. of Mexico, Mo., on Thursday from Chris Auffenberg.
It marks the to start with Ford and next Chrysler-Dodge-Jeep-Ram dealership for Jim Butler Vehicle of Fenton, Mo., a St. Louis suburb.
Jim Butler Automobile is not trying to keep the dealership in its existing place, nonetheless.
The group moved the franchises into a single short term facility subsequent to Jim Butler Centralia Chevrolet in Centralia, Mo., about a 20-minute push west of Mexico.
Jim Butler Car President Brad Sowers said the group obtained that Chevrolet dealership in February and acquired 12 acres surrounding the retail store.
The team plans to make investments about $3 million to create a Ford dealership, a Chrysler-Dodge-Jeep-Ram dealership and an expanded provider facility on that land. The dealerships will be named Jim Butler Centralia Ford and Jim Butler Centralia Chrysler-Dodge-Jeep-Ram.
The group is aiming to total the design task in 2024.
Don Working day, a co-operator of subsidiary Linn Powerhouse Holdings, which purchased the Ford-Chrysler-Dodge-Jeep-Ram store, also has an possession stake in other merchants. Those people incorporate Jim Butler Centralia Chevrolet, Jim Butler Chevrolet Linn and Jim Butler Chrysler-Dodge-Jeep-Ram Linn, equally in Linn, Mo., Sowers explained.
“We have been really effective with CDJR in the Linn area and we required to develop our presence with Stellantis,” Sowers informed Automotive News. “We love the connection and it truly is been really profitable for us. We do not have a Ford franchise, so it can be the very first prospect for us to broaden there.”
In addition to the two forthcoming dealerships, Jim Butler Car has seven other rooftops, in addition a used-only dealership, all in Missouri.
Sowers, a earlier co-chair of the Chevrolet Supplier Council, at this time is a member of Maserati’s seller council board and president of the St. Louis Automobile Sellers Affiliation, he explained.
Sowers is a person of the 47 sellers nominated for the 2022 Time Vendor of the Yr award.