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

Eide Automotive Group adds Ford and Kia dealers

On August 1, Eide Automotive Group acquired Bill Barth Kia and Bill Barth Ford of Mandan, North Dakota from Bill Barth Automotive Group.

The dealerships have been renamed Eide Ford Mandan and Eide Kia Mandan.Mandan is west of Bismarck, North Dakota

Group CEO and Eide Ford Mandan Dealer Principal Jesse Peterson said the deal would allow Eide Automotive to acquire Ford, which competes in the Bismarck-Mandan market, and an up-and-coming brand in Kia. Told.

Peterson, 2018 Automotive News 40 Under 40 winner, told Automotive News: “We were able to find another Ford dealer and that was a big thing for us, being able to expand our footprint here.”

The addition of these two stores will bring Eide Automotive to a maximum of six stores in North Dakota and Minnesota, including two Ford stores, three Stellantis stores and one Kia dealer.

Meanwhile, Bill Barth Automotive is out of business, Peterson said.

Since taking over the store in August, Eide Automotive has completed a few minimal physical upgrades. Peterson said the biggest change will come in the form of an increase in staff.

“We were able to retain all the employees who wanted to stay,” Peterson said. “We added some to project future growth.”

Ken Garf Automotive Group Expands in Arizona

Ken Garff Automotive Group added two more dealers in Arizona on Dec. 12 when it purchased two imported brand stores from Earnhardt Auto Centers.

Gilbert’s former Earnhardt Volkswagen and Avondale’s Rodeo Kia have been renamed Ken Garf Volkswagen Gilbert and Ken Garf Kia Avondale, according to company spokeswoman Megan Mayby. .

“Arizona is a strong market for us and opening two dealerships at once will allow us to provide more of Ken Garf’s level of service,” Ken Garf CEO Brett Hopkins said in a statement. of car buyers.

Salt Lake City’s Ken Garff Group ranks ninth on Automotive News’ updated list of the top 150 dealer groups in the US, selling 58,787 new cars in 2021. The Earnhardt Auto Center in Chandler, Arizona, is on the same list, with 30,221 new cars sold in 2021.

Ken Garff now has more than 50 dealers in eight states, including Arizona, California, Colorado, Iowa, Texas, Utah, Nevada and Wyoming, Mayee told Automotive News.

This group has been both buyers and sellers in recent months. Ken Garf sold his Honda store in Reseda, Calif. to Brandon Steven Motors on October 3, and the group left Michigan in July to sell a Cadillac store in Novi and a Chrysler Dodge Jeep in Southfield. I sold the Ram store. And Taylor to Fox Motors in Grand Rapids.

On June 21st, Ken Garf purchased a Salt Lake City Nate Wade Subaru from Kirk Schneider. The group also purchased its first two Arizona dealers from his family-owned Earnhardt Auto in August 2021 and his September.

Kerrigan Advisors, a sell-side firm of Incline Village, Nevada, represented Earnhardt Auto in its sale to Ken Garff.

Kerrigan Advisors also represented Earnhardt Auto in the sale of Earnhardt Buick-GMC Las Vegas and Earnhardt Mazda Las Vegas in Nevada to Jerry Seiner Dealerships on February 28, 2018, after Kerrigan Advisors learned that Earnhardt had exited the state. confirmed.

This article was optimized by the SEO Team at Clickworks SEO

Source link