Four dealerships in California and Oregon change hands in Q4 deals

California Chevrolet dealership alterations fingers

Seller Joe Smith obtained his third Normal Motors dealership last month with the buy of Paradise Chevrolet in Ventura, Calif., according to General performance Brokerage Services, which dealt with the transaction.

Smith acquired the dealership Dec. 16 from Nancy Gregory, who retired, in accordance to the buy-provide agency.

Ventura is positioned between Los Angeles and Santa Barbara, Calif.

Smith also owns two dealerships in Northern California: Folsom Buick-GMC and Epic Chevrolet-Cadillac of Sacramento, General performance Brokerage explained.

Greiner Buick-GMC results in being Caposio Buick-GMC

The owner of a top California Chevrolet store who just opened the first BrightDrop dealership has obtained the previous Greiner Buick-GMC in Victorville, Calif.

A Nov. 30 Victorville Daily Push posting, posted on the Greiner Buick-GMC Fb page, reported former owner David Greiner offered the business enterprise that day to Mike Caposio, owner of Rotolo Chevrolet in Fontana.

A Dec. 17 Hd Day by day News story explained Caposio’s partners in the Buick-GMC retail store are Eddie Allizadeh and General Manager Nick Thumar, which an personnel at the dealership confirmed to Automotive Information.
Greiner explained to the Everyday Push it was a fantastic time to provide mainly because the auto marketplace carries on to “alter fast, which comes with a whole lot of uncertainty.”

On Dec. 1, the dealership’s Facebook site announced the retail store experienced been renamed Caposio Buick-GMC. The store celebrated a grand opening Dec. 9 that includes former MLB star pitcher Orel Hershiser.

Rotolo Chevrolet is a 2020 Chevrolet Vendor of the Yr and the biggest Chevy dealership in California, according to a information launch from GM’s electric powered shipping van company BrightDrop.

BrightDrop declared final month that Caposio experienced opened the brand’s initial dealership, BrightDrop Higher Los Angeles, in Fontana.

Mercedes-Benz dealership bought

Matt Burkholder sold his lone dealership, Mercedes-Benz of Medford in Oregon, in the fourth quarter, according to Mike Sims, president of Pinnacle Mergers & Acquisitions in Frisco, Texas.

Sims, who represented Burkholder in the transaction, mentioned Michael Mann of Lancaster County Motors acquired the dealership Nov. 3.

Lancaster County Motors is dependent in East Petersburg, Pa., according to its LinkedIn web site. East Petersburg is west of Philadelphia.

Lancaster has 5 new-vehicle dealerships in Pennsylvania, including a Mercedes-Benz retail outlet, as well as a utilised-motor vehicle dealership, in accordance to its web site. Mercedes-Benz of Medford is the only dealership in Oregon for the team, according to its web-site.

Burkholder had owned the dealership given that 2014, according to a (Medford) Mail Tribune report.

Eleanore Beatty

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