Auto

Group 1 sells 2 Texas dealerships

Group 1 Automotive Inc. provided two Texas dealerships all through the primary quarter: Mini of El Paso and Cadillac of Arlington.

Frank Kent Motor Co., of Fort Value, Texas, bought the Cadillac retailer Jan. 11, acknowledged Will Churchill, an proprietor of the Frank Kent group.

The retailer has been renamed Frank Kent Cadillac of Arlington. Phrases of the transaction weren’t disclosed.

Churchill acknowledged he agreed to construct a model new $20 million dealership, and the Cadillac retailer may be relocated in Arlington. He acknowledged constructing ought to start out this summer season, with a niche targeted for June 2022.

“We perceive Cadillac’s route and have a whole lot of religion within the Cadillac model,” acknowledged Churchill, a former Cadillac Nationwide Supplier Council chairman.
Frank Kent dates to 1935, and the corporate has been a Cadillac vendor since 1953. It has a Cadillac retailer in Fort Value and a Chevrolet-Buick-GMC-Cadillac retailer in Corsicana, Texas. On Jan. 25, the group provided Frank Kent Chrysler-Dodge-Jeep-Ram and Frank Kent Chevrolet in Ennis, Texas, to Gilchrist Automotive.

In mid-January, Garcia Automotive Group of Albuquerque, N.M., purchased Mini of El Paso, Michael Calderon, the store’s supervisor, knowledgeable Automotive Information.

Garcia Automotive moreover has a Jaguar-Land Rover retailer in El Paso and a mix of producers in its portfolio, from Mercedes-Benz and Cadillac to Subaru and Volkswagen.

Group 1 acknowledged that the Mini and Cadillac outlets generated about $40 million in revenues over the earlier 12 months.

Group 1, of Houston, has a predominance of dealerships in Texas. The corporate acknowledged 40 p.c of its first-quarter complete new-vehicle product sales stemmed from the state.

It ranks No. 4 on Automotive Information‘ guidelines of the best 150 dealership groups primarily based throughout the U.S., retailing 140,221 new cars in 2020.

David Muller of Automotive Information contributed to this report.

Show More

Related Articles

Back to top button