Categories: News

3 domestic-brand dealerships change arms in single-store offers

Three domestic-brand shops modified arms in August, with two transactions involving sellers who purchased their first franchised dealerships.

Here is a fast take a look at the offers.

Third dealership

Abraham Razick acquired his third dealership Aug. 26 when he purchased McCoy & Mills Ford in Fullerton, Calif., north of Anaheim, from retiring seller Jim Miller.

Razick, an Automotive Information 40 Underneath 40 honoree in 2016, renamed the dealership Fullerton Ford Orange County.

Razick additionally owns Hyundai of Yuma and Kia of Yuma, in Arizona, with associate Adli Kakish. Razick is the only proprietor of the Ford dealership.

“I believe it is an amazing alternative to have the ability to personal a Ford retailer now with electrification and their funding with electrification,” Razick informed Automotive Information. “Being in Orange County, it is only a huge deal out right here.”

Razick has begun renovating the Ford dealership and expects an image-compliant transform to be accomplished in 15 months.

Razick, a Marine veteran, has been an advocate for veterans together with his two Yuma dealerships by serving to with job placement or placing veterans via a mechanic internship.

“My goal is to be a beacon of sunshine for the veterans,” he mentioned. “As a result of quite a lot of us veterans, we get out of the army and we do not actually know what to do. After I acquired out of the army once I was 20 years previous, the automotive trade was my blessing. I simply wish to present them that, ‘Hey, it is doable.’ ”

Razick additionally gives free oil modifications to veterans, no matter the place they bought their car, on the Arizona dealerships.

“I plan on finally implementing that right here,” Razick mentioned of the Ford dealership.

From used automobiles to new

Scott Halvorson has bought his first franchised dealership — a Ford retailer within the Kansas Metropolis suburb of Buckner, Mo. — after proudly owning a used-vehicle dealership for 28 years.

On Aug. 16, Halvorson purchased Matt Ford from Louis Matt and the Matt household. The dealership has been renamed Halvorson Ford. The Matt household owned and operated the shop since 1976.

Halvorson mentioned he has a son “developing” within the enterprise and he was in search of a new-vehicle franchise as a “subsequent step.” He mentioned he had been scouting for a while and really misplaced a deal earlier than studying in regards to the Ford retailer.

Halvorson beforehand owned Mid America Auto Alternate Inc. in Olathe, Kan., additionally a Kansas Metropolis suburb. That retailer closed July 30, based on a Mid America Auto Alternate Fb submit. The property was offered to Enterprise Lease-A-Automobile, Halvorson mentioned.

Tim Wild of Tim Lamb Group represented the vendor within the Ford dealership transaction.

First franchised retailer

Bilal Hamze, who since 2005 has owned a used-vehicle enterprise, has bought his first franchised dealership.

Hamze on Aug. 17 purchased Hometown Chevrolet-Buick-GMC in Reidsville, N.C., from Hometown Auto Group and proprietor William Stokes Huff.

The shop has been renamed Impex Chevrolet-Buick-GMC. Reidsville is northeast of Greensboro, N.C.

Hamze mentioned he had been in search of the appropriate alternative to “ease into the franchised world” and preferred that the Hometown retailer had three Normal Motors manufacturers.

Hamze additionally owns Impex Auto Gross sales in Greensboro and Impex Pre-Owned in Boiling Springs, S.C.

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