Victory Automotive Team, 1 of the largest privately owned dealership groups in the U.S., offered two Honda dealerships in separate transactions previous month and appears to have exited two states.
Victory Automotive, of Canton, Mich., on May well 25 bought Victory Honda of Ontario in Canandaigua, N.Y., to West Herr Automotive Team, another huge, privately owned dealership team. It seems it was Victory Automotive’s only New York spot, in accordance to its web-site.
The purchaser renamed the dealership West Herr Honda of Canandaigua. Canandaigua is southeast of Rochester and west of Syracuse. West Herr purchased a Toyota retailer in Canandaigua in 2020.
“Anyone at West Herr is energized about increasing our presence in the Canandaigua marketplace,” West Herr CEO Scott Bieler explained in a assertion. “We search forward to developing the Honda store as we have in the earlier calendar year and a 50 % with our Toyota retail store.”
West Herr claimed it anticipated the Honda dealership to offer 1,700 new and utilised motor vehicles blended on a yearly basis.
It marks the second Honda retail outlet for West Herr and its 33rd dealership over-all, the auto retailer explained.
The transaction marked West Herr’s first acquisition in 2022 and first because December, when it purchased a Chevrolet dealership in Syracuse. West Herr also bought Toyota, Subaru and Ford dealerships in 2021.
West Herr, of Orchard Park, N.Y., ranks No. 17 on Automotive News‘ listing of the top rated 150 dealership groups centered in the U.S., with retail revenue of 31,933 new autos in 2021.
Sale of Alabama retail outlet
Victory Automotive also seems to have exited Alabama when it sold a dealership past month.
The team marketed Freeway Honda in Birmingham on May perhaps 9 to Carlock Automotive Group, of Nashville, according to Mike Sims, president of buy-sell organization Pinnacle Mergers & Acquisitions in Frisco, Texas. Sims dealt with the transaction.
The dealership was renamed Carlock Honda. It marks the to start with Honda dealership for the team.
Carlock Automotive now has 11 franchised rooftops across the Southeastern states of Alabama, Mississippi and Tennessee, according to its web page. Carlock’s manufacturers range 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 briefly moved that keep to a campus in Brentwood, Tenn.
Victory Automotive’s two dealership gross sales abide by three acquisitions in the second fifty percent of 2021. Victory nonetheless has 20 Honda dealerships in its portfolio, almost fifty percent of its full 45 suppliers throughout the country, according to its site.
Victory Automotive ranks No. 14 on Automotive News‘ checklist of the prime 150 dealership groups centered in the U.S., with retail product sales of 36,958 new automobiles in 2021.
