Why Asbury Automotive sold 9 North Carolina dealerships

Asbury today sold six dealerships representing the Acura, BMW, Chrysler, Dodge, Jeep, Ram, Honda, Nissan and Volvo brands in Greensboro, North Carolina. The deal included crash shops and parking lots in that city. Hudson Automotive also acquired the Dodge Ram and Ford stores in Fayetteville, North Carolina from Asbury, while the Honda store in Durham, North Carolina was also operated by Asbury under the Crown Automotive regional brand.

Hudson Automotive President David Hudson said: Company leaders are thrilled with the new store and describe the store franchise as a great brand in a great market. The deal gives Hudson Automotive his first BMW and Volvo stores.

“We have been in North Carolina for many years and are excited to continue growing in the area,” Hudson said. car news.

It’s been a mostly quiet year on the trading side of Hudson Automotive until the Asbury deal. Hudson said he acquired Somerville Ford in South Carolina on February 28th. Hudson said the dealer group now has more than 40 stores in North Carolina, South Carolina, Georgia, Tennessee, Ohio, Kentucky, Alabama and Louisiana.

This was not the dealer group’s first deal with Asbury. Hudson Automotive purchased the Lexus dealership in Greenville, South Carolina, from Asbury in September 2020, Hudson said.

Hult said its relationship with Hudson Automotive also played a role in the decision to sell. After the sale, Crown Brand left his one Nissan store in South Carolina, with the rest in Virginia selling Acura, BMW and Mini. These stores will survive, Hart said.

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