Group one Automotive Inc. offered two Texas dealerships through the initial quarter: Mini of El Paso and Cadillac of Arlington.
Frank Kent Motor Co., of Fort Value, Texas, purchased the Cadillac shop Jan. eleven, stated Will Churchill, an owner of the Frank Kent team.
The shop has been renamed Frank Kent Cadillac of Arlington. Phrases of the transaction were not disclosed.
Churchill stated he agreed to establish a new $twenty million dealership, and the Cadillac shop will be relocated in Arlington. He stated development ought to get started this summertime, with an opening focused for June 2022.
“We recognize Cadillac’s way and have a lot of religion in the Cadillac brand name,” stated Churchill, a previous Cadillac Nationwide Vendor Council chairman.
Frank Kent dates to 1935, and the firm has been a Cadillac vendor since 1953. It has a Cadillac shop in Fort Value and a Chevrolet-Buick-GMC-Cadillac shop in Corsicana, Texas. On Jan. 25, the team offered 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., obtained Mini of El Paso, Michael Calderon, the store’s supervisor, instructed Automotive News.
Garcia Automotive also has a Jaguar-Land Rover shop in El Paso and a blend of brands in its portfolio, from Mercedes-Benz and Cadillac to Subaru and Volkswagen.
Group one stated past 7 days that the Mini and Cadillac merchants generated about $forty million in revenues in excess of the previous twelve months.
Group one, of Houston, has a predominance of dealerships in Texas. The firm stated forty p.c of its initial-quarter total new-vehicle revenue stemmed from the condition.
It ranks No. four on Automotive News‘ record of the leading one hundred fifty dealership groups based in the U.S., retailing one hundred forty,221 new automobiles in 2020.
David Muller of Automotive News contributed to this report.