Victory Automotive Team, just one of the largest privately owned dealership teams in the U.S., offered two Honda dealerships in independent transactions past thirty day period and seems to have exited two states.
Victory Automotive, of Canton, Mich., on Could 25 sold Victory Honda of Ontario in Canandaigua, N.Y., to West Herr Automotive Group, an additional big, privately owned dealership group. It seems it was Victory Automotive’s only New York spot, according to its web site.
The customer renamed the dealership West Herr Honda of Canandaigua. Canandaigua is southeast of Rochester and west of Syracuse. West Herr acquired a Toyota retail store in Canandaigua in 2020.
“Anyone at West Herr is excited about growing our existence in the Canandaigua market,” West Herr CEO Scott Bieler stated in a statement. “We appear ahead to escalating the Honda retail outlet as we have in the previous year and a fifty percent with our Toyota retail outlet.”
West Herr claimed it expected the Honda dealership to offer 1,700 new and applied motor vehicles put together yearly.
It marks the next Honda retail outlet for West Herr and its 33rd dealership overall, the automobile retailer said.
The transaction marked West Herr’s 1st acquisition in 2022 and initial given that December, when it acquired a Chevrolet dealership in Syracuse. West Herr also acquired Toyota, Subaru and Ford dealerships in 2021.
West Herr, of Orchard Park, N.Y., ranks No. 17 on Automotive News‘ listing of the top 150 dealership groups based mostly in the U.S., with retail gross sales of 31,933 new autos in 2021.
Sale of Alabama retail outlet
Victory Automotive also appears to have exited Alabama when it bought a dealership past thirty day period.
The group marketed Freeway Honda in Birmingham on May 9 to Carlock Automotive Group, of Nashville, according to Mike Sims, president of acquire-promote firm Pinnacle Mergers & Acquisitions in Frisco, Texas. Sims dealt with the transaction.
The dealership was renamed Carlock Honda. It marks the first Honda dealership for the team.
Carlock Automotive now has 11 franchised rooftops across the Southeastern states of Alabama, Mississippi and Tennessee, according to its internet site. Carlock’s brand names array from Mitsubishi to ultraluxury marques this sort of as Rolls-Royce and Bentley.
The team acquired Darrell Waltrip Volvo in Franklin, Tenn., in March 2021 but temporarily moved that keep to a campus in Brentwood, Tenn.
Victory Automotive’s two dealership revenue abide by 3 acquisitions in the next fifty percent of 2021. Victory however has 20 Honda dealerships in its portfolio, virtually half of its complete 45 stores throughout the country, in accordance to its web page.
Victory Automotive ranks No. 14 on Automotive Information‘ checklist of the prime 150 dealership teams primarily based in the U.S., with retail sales of 36,958 new autos in 2021.