Sutherlin Automotive Group of Buford, Ga., mentioned it accomplished a uncommon transaction of a standalone Genesis dealership when it bought Genesis of Fort Myers in Florida from Morgan Automotive Group on June 1, in accordance with Sutherlin CEO Brett Sutherlin.
Genesis, the luxurious arm of Hyundai, turned its personal model in 2016. The first standalone Genesis dealership opened in March in Lafayette, La.
Morgan Automotive, which has acquired a number of dealerships in Florida this 12 months, had Genesis paired with Hyundai in a Fort Myers dealership, in accordance with Sutherlin.
“We feel super strongly about the brand, and that’s why we elected to buy it,” Sutherlin advised Automotive News.
Sutherlin mentioned after buying the Genesis dealership, which it renamed Fort Myers Genesis, the group moved it to a short lived spot about three miles away. The firm broke floor on a brand new $15 million facility the week of July 4. The new constructing, positioned behind the non permanent facility, will probably be subsequent to Sutherlin’s Nissan dealership in Fort Myers, marking its second dealership within the metropolis.
“We’re excited to expand our automotive footprint in an area that we’re proud to do business in,” Sutherlin mentioned in a press release.
The Genesis dealership marks the eleventh general for family-owned Sutherlin Automotive, with places in Florida and Georgia. In addition to seven Nissan dealerships, the group additionally owns Sutherlin Mitsubishi in Vero Beach, Fla., and Sutherlin Volkswagen of Lithia Springs and Sutherlin Hyundai Athens, each in Georgia.
Sutherlin mentioned he additionally expects to shut on an acquisition that may broaden the corporate into Tennessee within the subsequent 30 days. He mentioned he additionally plans to finish a couple of extra offers that may deliver the corporate’s complete dealership holdings to fifteen or 18 by 12 months’s finish.
Sutherlin Automotive of Buford, Ga., ranks No. 108 on Automotive News‘ record of the highest 150 dealership teams primarily based within the U.S., retailing 9,261 new autos in 2021. Morgan Automotive of Tampa, Fla., ranks No. 8 on that very same record, retailing 60,951 new autos final 12 months.
Source: www.autonews.com
