Victory Automotive Team, one of the largest privately owned dealership groups in the U.S., bought two Honda dealerships in independent transactions final month and appears to have exited two states.
Victory Automotive, of Canton, Mich., on Could 25 bought Victory Honda of Ontario in Canandaigua, N.Y., to West Herr Automotive Team, an additional huge, privately owned dealership team. It appears it was Victory Automotive’s only New York site, in accordance to its web-site.
The consumer renamed the dealership West Herr Honda of Canandaigua. Canandaigua is southeast of Rochester and west of Syracuse. West Herr acquired a Toyota retail outlet in Canandaigua in 2020.
“Everybody at West Herr is enthusiastic about increasing our presence in the Canandaigua market,” West Herr CEO Scott Bieler reported in a statement. “We look forward to growing the Honda retail outlet as we have in the earlier 12 months and a fifty percent with our Toyota store.”
West Herr mentioned it predicted the Honda dealership to provide 1,700 new and applied cars merged annually.
It marks the 2nd Honda store for West Herr and its 33rd dealership total, the vehicle retailer stated.
The transaction marked West Herr’s very first acquisition in 2022 and 1st because December, when it bought a Chevrolet dealership in Syracuse. West Herr also purchased Toyota, Subaru and Ford dealerships in 2021.
West Herr, of Orchard Park, N.Y., ranks No. 17 on Automotive News‘ list of the prime 150 dealership groups dependent in the U.S., with retail product sales of 31,933 new autos in 2021.
Sale of Alabama shop
Victory Automotive also appears to have exited Alabama when it sold a dealership past thirty day period.
The group marketed Freeway Honda in Birmingham on May possibly 9 to Carlock Automotive Team, of Nashville, in accordance to Mike Sims, president of buy-provide business Pinnacle Mergers & Acquisitions in Frisco, Texas. Sims handled the transaction.
The dealership was renamed Carlock Honda. It marks the first Honda dealership for the team.
Carlock Automotive now has 11 franchised rooftops throughout the Southeastern states of Alabama, Mississippi and Tennessee, according to its web page. Carlock’s makes range from Mitsubishi to ultraluxury marques these kinds of as Rolls-Royce and Bentley.
The team bought Darrell Waltrip Volvo in Franklin, Tenn., in March 2021 but briefly moved that keep to a campus in Brentwood, Tenn.
Victory Automotive’s two dealership income abide by 3 acquisitions in the second fifty percent of 2021. Victory nevertheless has 20 Honda dealerships in its portfolio, almost half of its overall 45 merchants throughout the state, in accordance to its website.
Victory Automotive ranks No. 14 on Automotive Information‘ record of the top 150 dealership groups primarily based in the U.S., with retail product sales of 36,958 new autos in 2021.