Fox Motors of Grand Rapids, Mich., stated it obtained a few Ken Garff Automotive Team dealerships in the Detroit space on Monday, continuing the company’s shift into the southeast Michigan market that started in December.
The deal involving two of the country’s greatest dealership groups contains one Cadillac and two Stellantis dealerships and marks Ken Garff Automotive’s obvious exit from Michigan. Phrases of the transaction have been not disclosed.
The Stellantis dealerships, previously 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 operate below the exact identify. It marks a new luxury model for Fox Motors.
Ken Garff Automotive of Salt Lake Metropolis ranks No. 9 on Automotive News‘ listing of the leading 150 dealership teams primarily based in the U.S., retailing 58,787 new automobiles in 2021. Fox Motors rated No. 76 on that listing, retailing 13,244 new autos last 12 months.
Fox Motors now will have five dealerships in suburban Detroit, adhering to its acquisition of Erhard BMW of Farmington Hills and Jaguar-Land Rover Farmington Hills from the Dahm relatives in December.
“The system was to improve in metro Detroit soon after we entered last December, we just did not know how speedily it would take place,” Daniel DeVos, CEO of Fox Motors, mentioned in statement. “The 3 new spots are a pure match, given the place of our current Fox Motors dealerships.”
Fox Motors has far more than 30 dealership destinations in Michigan and Illinois.
Jaguar-Land Rover Farmington Hills is slated to relocate in the tumble to a new facility across the road from Cadillac of Novi, which Fox Motors says will build a “luxury place” for that area.