Ken Garff Automotive provides Subaru dealership, oldest within the nation
Expanding Ken Garff Automotive Group, a privately owned retailer in Salt Lake City, bolstered its Utah presence with the acquisition this month of a Subaru dealership, a brand new model for the group.
Ken Garff Automotive on June 21 purchased Nate Wade Subaru in Salt Lake City from longtime proprietor Kirk Schneider. The dealership is holding the Nate Wade identify, noting that it’s a Ken Garff retailer.
Schneider, who had simply the one retailer, is staying on as Ken Garff vp of associate relations, the corporate stated in a weblog publish. He will proceed to serve on the boards of the New Car Dealers of Utah and the Utah Motor Vehicle Franchise Advisory Board, amongst others. Schneider additionally represents Utah on the board of administrators of the National Automobile Dealers Association.
“There’s no one we’d rather join than Ken Garff,” Schneider stated in an announcement, including his values match that of Ken Garff Automotive.
Schneider, who can also be a previous chairman of the Subaru National Dealer Advisory Board, had owned the dealership since 1995, when he purchased it from his father-in-law, Nate Wade. The dealership opened in 1969 and is the oldest Subaru retailer in Subaru of America’s community, the corporate confirmed to Automotive News. Subaru of America was included in 1968.
“We are honored to welcome Nate Wade Subaru into the Ken Garff family,” John Garff, CEO of Ken Garff Enterprises, mother or father firm of Ken Garff Automotive, stated in an announcement. “Kirk Schneider’s vision has made Nate Wade Subaru an outstanding retailer that is well respected in the community and aligns perfectly with our brand and commitment to Utah.”
The acquisition follows Ken Garff Automotive’s entrance into Colorado and Wyoming when it purchased 5 dealerships in September.
Ken Garff Automotive ranks No. 9 on Automotive News’ record of the highest 150 dealership teams based mostly within the U.S., retailing 58,787 new autos in 2021.
Joe Ozog of Ozog Consulting Group in Scottsdale, Ariz., represented Schneider within the transaction.
Source: www.autonews.com
