Sandler stated the dealerships would be renamed Honda of Abington, Hyundai-Genesis of Abington, Mazda of Abington and Acura of Abington.
“Our corporation correct now is on a trajectory to mature our organization and we’ve been actively obtaining dealerships a good deal in the past number of decades,” George Liu, CEO of Rosenthal Automotive advised Automotive News. “We’re however continuing on that path, so this distinct acquisition was a great in good shape simply because it consisted of manufacturers that we currently owned and it was a normal healthy.”
Liu claimed Rosenthal planned on earning facility upgrades to the retailers and implementing instruction packages for staff.
Sussman Automotive was relatives owned and operated in the Philadelphia location for additional than 50 many years prior to the sale, in accordance to the company’s internet site. Sandler stated when Sussman Automotive ultimately made the decision to sell, numerous other automotive groups submitted bids, but Rosenthal eventually gained out.
“This is a family members of venerated, legendary Philadelphia auto dealerships,” Sandler mentioned.
Sandler said Bel Air Companions earlier represented Sussman in a sale of a few of its New Jersey stores to Team 1 Automotive Inc. in 2006.
Sussman Automotive retained possession of Sussman Kia in Roslyn, Pa., Sandler stated.
Rosenthal Automotive of Reston, Va. also has dealerships in Virginia and Maryland. It ranks No. 105 on Automotive News’ record of the top rated 150 dealership teams based mostly in the U.S., retailing 9,638 new vehicles in 2021.