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Fox Motors of Grand Rapids, Mich., mentioned it obtained three Ken Garff Automotive Group dealerships in the Detroit space on Monday, continuing the firm’s shift into the southeast Michigan market place that began in December.
The deal amongst two of the country’s major dealership groups contains 1 Cadillac and two Stellantis dealerships and marks Ken Garff Automotive’s evident exit from Michigan. Terms of the transaction ended up not disclosed.
The Stellantis dealerships, previously Southfield Chrysler-Dodge-Jeep-Ram and Telegraph Chrysler-Dodge-Jeep-Ram in Taylor, Mich., will now function as Chrysler-Dodge-Jeep-Ram of Southfield and Chrysler-Dodge-Jeep-Ram of Taylor, respectively.
Cadillac of Novi will keep on to operate under the very same title. It marks a new luxury brand for Fox Motors.
Ken Garff Automotive of Salt Lake Metropolis ranks No. 9 on Automotive Information‘ checklist of the major 150 dealership groups centered in the U.S., retailing 58,787 new cars in 2021. Fox Motors rated No. 76 on that record, retailing 13,244 new motor vehicles very last calendar year.
Fox Motors now will have 5 dealerships in suburban Detroit, subsequent its acquisition of Erhard BMW of Farmington Hills and Jaguar-Land Rover Farmington Hills from the Dahm relatives in December.
“The strategy was to grow in metro Detroit following we entered last December, we just didn’t know how speedily it would take place,” Daniel DeVos, CEO of Fox Motors, said in assertion. “The a few new areas are a normal match, presented the area of our present-day Fox Motors dealerships.”
Fox Motors has a lot more than 30 dealership areas in Michigan and Illinois.
Jaguar-Land Rover Farmington Hills is slated to relocate in the drop to a new facility throughout the road from Cadillac of Novi, which Fox Motors says will develop a “luxurious place” for that region.
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