Sandler stated the dealerships would be renamed Honda of Abington, Hyundai-Genesis of Abington, Mazda of Abington and Acura of Abington.
“Our company ideal now is on a trajectory to develop our small business and we’ve been actively buying dealerships a lot in the past several several years,” George Liu, CEO of Rosenthal Automotive explained to Automotive Information. “We are however continuing on that route, so this distinct acquisition was a superior suit for the reason that it consisted of makes that we presently owned and it was a all-natural suit.”
Liu mentioned Rosenthal planned on creating facility updates to the outlets and employing training systems for workforce.
Sussman Automotive was loved ones owned and operated in the Philadelphia place for much more than 50 many years prior to the sale, according to the firm’s site. Sandler mentioned when Sussman Automotive eventually made a decision to market, a number of other automotive teams submitted bids, but Rosenthal in the end received out.
“This is a family members of venerated, legendary Philadelphia auto dealerships,” Sandler explained.
Sandler mentioned Bel Air Partners formerly represented Sussman in a sale of 3 of its New Jersey outlets to Group 1 Automotive Inc. in 2006.
Sussman Automotive retained possession of Sussman Kia in Roslyn, Pa., Sandler mentioned.
Rosenthal Automotive of Reston, Va. also has dealerships in Virginia and Maryland. It ranks No. 105 on Automotive News’ listing of the prime 150 dealership groups primarily based in the U.S., retailing 9,638 new autos in 2021.