Categories: News

5 Star Automotive buys 5 Ind. shops, expands into Midwest

An Atlanta-based dealership group has expanded northward with its first buy within the Midwest, final month buying 5 dealerships from the Mike Raisor Automotive Group in Lafayette, Ind.

5 Star Automotive Group on Feb. 20 closed on the Ford-Lincoln, Buick-GMC-Cadillac, Mercedes-Benz, Audi and Volkswagen Mike Raisor shops. Phrases of the transaction weren’t disclosed.

The dealerships have been rebranded Lafayette Ford-Lincoln, Lafayette Buick-GMC-Cadillac, Mercedes-Benz of Lafayette, Audi Lafayette and Lafayette Volkswagen.

The 5 Star group, a family-owned operation, was based in 1986 with one Dodge dealership in Macon, Ga. It has grown to 26 dealerships in Georgia, Alabama, South Carolina, Tennessee and now Indiana. The dealership group is owned by Dick Pope and Charlie Cantrell.

Wesley Pope, who oversees the group’s shops, stated the deal consists of two new manufacturers for 5 Star: Audi and Volkswagen.

“We expect Lafayette is only a nice metropolis, [a] single-point market with manufacturers that we predict are actually good franchises,” Wesley Pope informed Automotive Information. “We’re excited in regards to the location and the product combine.”

Bob Morris, director of the Southeast area for the Tim Lamb Group, dealt with the transaction.

админ

Share
Published by
админ

Recent Posts

2023 Dodge Charger and Challenger, 2023 Dodge Durango SRT Hellcat, Polestar 6: Today’s Car News

The 2023 mannequin 12 months will mark the final name for the Dodge Charger and…

2 hours ago

Smart #1 Brabus Shows Its Sporty Side Ahead Of August 26 Debut

Following the current teasers, Good has lastly printed the primary pictures of the #1 Brabus,…

4 hours ago

2024 Audi A6 E-Tron spy shots and video: Tesla Model S rival hits the ‘Ring

Audi's A6 household is about to be expanded with an electrical member, and a prototype…

4 hours ago

Polestar will turn O2 concept into next halo car

Polestar stated Tuesday it is going to flip its O2 idea into its subsequent halo…

6 hours ago

Someone Casually Drove A Non-Street Legal Dallara GP2 Racer On Public Roads

In case you’re like us, you will have dreamed about what it will be wish…

6 hours ago

Unifor says ‘work has started’ in preparation for 2023 contract talks with Detroit 3

Unifor has begun inside preparations for subsequent yr’s contract negotiations with the Detroit Three automakers,…

6 hours ago