Fox Motors of Grand Rapids, Mich., explained it obtained three Ken Garff Automotive Team dealerships in the Detroit location on Monday, continuing the company’s move into the southeast Michigan marketplace that commenced in December.
The deal involving two of the country’s largest dealership teams contains just one Cadillac and two Stellantis dealerships and marks Ken Garff Automotive’s evident exit from Michigan. Phrases of the transaction have been not disclosed.
The Stellantis dealerships, formerly Southfield Chrysler-Dodge-Jeep-Ram and Telegraph Chrysler-Dodge-Jeep-Ram in Taylor, Mich., will now work as Chrysler-Dodge-Jeep-Ram of Southfield and Chrysler-Dodge-Jeep-Ram of Taylor, respectively.
Cadillac of Novi will carry on to function under the same identify. It marks a new luxurious model for Fox Motors.
Ken Garff Automotive of Salt Lake Town ranks No. 9 on Automotive News‘ listing of the prime 150 dealership groups based mostly in the U.S., retailing 58,787 new autos in 2021. Fox Motors rated No. 76 on that list, retailing 13,244 new autos previous yr.
Fox Motors now will have 5 dealerships in suburban Detroit, pursuing its acquisition of Erhard BMW of Farmington Hills and Jaguar-Land Rover Farmington Hills from the Dahm family in December.
“The plan was to grow in metro Detroit right after we entered last December, we just didn’t know how promptly it would materialize,” Daniel DeVos, CEO of Fox Motors, mentioned in statement. “The a few new destinations are a normal match, provided the area of our recent Fox Motors dealerships.”
Fox Motors has a lot more than 30 dealership places in Michigan and Illinois.
Jaguar-Land Rover Farmington Hills is slated to relocate in the fall to a new facility across the street from Cadillac of Novi, which Fox Motors states will build a “luxurious vacation spot” for that space.