Fox Motors acquires three dealerships from Ken Garff Automotive
Fox Motors of Grand Rapids, Mich., claimed it acquired a few Ken Garff Automotive Team dealerships in the Detroit spot on Monday, continuing the company’s go into the southeast Michigan marketplace that commenced in December.
The deal among two of the country’s greatest dealership groups features just one Cadillac and two Stellantis dealerships and marks Ken Garff Automotive’s apparent exit from Michigan. Conditions of the transaction were being not disclosed.
The Stellantis dealerships, formerly 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 proceed to operate less than the same name. It marks a new luxury brand for Fox Motors.
Ken Garff Automotive of Salt Lake City ranks No. 9 on Automotive News‘ list of the leading 150 dealership groups based in the U.S., retailing 58,787 new vehicles in 2021. Fox Motors rated No. 76 on that record, retailing 13,244 new vehicles very last year.
Fox Motors now will have 5 dealerships in suburban Detroit, next its acquisition of Erhard BMW of Farmington Hills and Jaguar-Land Rover Farmington Hills from the Dahm spouse and children in December.
“The system was to improve in metro Detroit immediately after we entered last December, we just didn’t know how quickly it would materialize,” Daniel DeVos, CEO of Fox Motors, said in statement. “The 3 new areas are a natural healthy, presented the place of our recent Fox Motors dealerships.”
Fox Motors has much more than 30 dealership areas in Michigan and Illinois.
Jaguar-Land Rover Farmington Hills is slated to relocate in the slide to a new facility across the avenue from Cadillac of Novi, which Fox Motors says will generate a “luxurious vacation spot” for that place.