Victory Automotive Group, one of the largest privately owned dealership teams in the U.S., marketed two Honda dealerships in separate transactions very last month and seems to have exited two states.
Victory Automotive, of Canton, Mich., on May perhaps 25 offered Victory Honda of Ontario in Canandaigua, N.Y., to West Herr Automotive Group, a different huge, privately owned dealership group. It seems it was Victory Automotive’s only New York site, in accordance to its web-site.
The consumer renamed the dealership West Herr Honda of Canandaigua. Canandaigua is southeast of Rochester and west of Syracuse. West Herr bought a Toyota keep in Canandaigua in 2020.
“Everybody at West Herr is excited about growing our presence in the Canandaigua current market,” West Herr CEO Scott Bieler reported in a assertion. “We glance ahead to increasing the Honda retail store as we have in the previous yr and a 50 % with our Toyota shop.”
West Herr explained it predicted the Honda dealership to offer 1,700 new and employed vehicles blended each year.
It marks the 2nd Honda shop for West Herr and its 33rd dealership general, the auto retailer explained.
The transaction marked West Herr’s 1st acquisition in 2022 and initially given that December, when it purchased 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 Information‘ record of the prime 150 dealership teams based mostly in the U.S., with retail income of 31,933 new autos in 2021.
Sale of Alabama retail outlet
Victory Automotive also appears to have exited Alabama when it offered a dealership final thirty day period.
The team bought Freeway Honda in Birmingham on May perhaps 9 to Carlock Automotive Team, of Nashville, in accordance to Mike Sims, president of get-promote company Pinnacle Mergers & Acquisitions in Frisco, Texas. Sims handled the transaction.
The dealership was renamed Carlock Honda. It marks the very first Honda dealership for the team.
Carlock Automotive now has 11 franchised rooftops across the Southeastern states of Alabama, Mississippi and Tennessee, in accordance to its web-site. Carlock’s manufacturers array from Mitsubishi to ultraluxury marques these types of as Rolls-Royce and Bentley.
The team acquired Darrell Waltrip Volvo in Franklin, Tenn., in March 2021 but temporarily moved that retailer to a campus in Brentwood, Tenn.
Victory Automotive’s two dealership sales observe three acquisitions in the next 50 percent of 2021. Victory even now has 20 Honda dealerships in its portfolio, just about half of its whole 45 shops throughout the state, in accordance to its internet site.
Victory Automotive ranks No. 14 on Automotive Information‘ listing of the prime 150 dealership teams primarily based in the U.S., with retail product sales of 36,958 new cars in 2021.