Morgan Auto Group Purchases Hollywood Kia in Florida
Hollywood Kia has been sold to Morgan Auto Group, according to Haig Partners LLC who served as the exclusive sell-side advisor on the sale.
Hollywood Kia is located in Hollywood, FL and was owned by Joe Levy and Steve Gutstein. The sale of Hollywood Kia sets a record for the most blue sky value ever paid for a Kia dealership, according to Kia executives.
Gutstein, who has been a partner and served as general manager since 2019, will stay with the dealership. He has extensive experience at a Hyundai dealership in South Florida and
Hollywood Kia has won numerous awards for sales and service under his leadership.
With the purchase of Hollywood Kia, Morgan Auto Group owns 77 dealerships, placing it eight in the Automotive News Top 150 list and making it the largest group in Florida.
Larry Morgan, Chairman at Morgan Auto Group, stated, “we are big believers in the South Florida market, as evidenced by our recent acquisitions of some of the top Toyota, Honda and BMW dealerships in the U.S. We are excited to add one of the largest Kia dealerships in the country to our expanding group as we seek to offer a world-class buying and servicing experience to consumers all over the state of Florida.”
Firelands Auto Group Acquires Two Dealerships in Ohio
The Tim Lamb Group has brokered the sale of two dealerships in Wooster, OH to Patrick O’Brien of Firelands Auto Group.
The sale of Toyota of Wooster and Volkswagen of Wooster marks the sixth and seventh dealerships that O’Brien adds to the Firelands Auto Group portfolio. The dealerships, now known as Firelands Toyota of Wooster and Firelands Volkswagen of Wooster, are located approximately 1.5 hours outside of Sandusky.
Included in the sale of the two dealerships, is an off-site body shop that will undergo renovations and be converted to additional service stalls and lifts. The three separate buildings include over 26,000 square feet of facility space on three acres of land.
Now owning seven stores, Firelands Auto Group offers customers a broad selection of new and used vehicles at their Firelands Chevrolet Buick Dealership & Collision Center in Norwalk, Firelands Chevrolet of Vermilion, Firelands Toyota, Firelands Chrysler Dodge Jeep Ram, and Firelands Honda in Sandusky, and now Firelands Toyota of Wooster and Firelands Volkswagen of Wooster.
Fisker Closes Showroom in California
Fisker has reportedly closed its showroom at The Grove in Los Angeles, just three weeks after shutting its New York store.
The Los Angeles showroom, a two-story facility located in an outdoor shopping and entertainment area, opened in August last year. It served as a venue for potential customers to view and test drive Fisker‘s Ocean EV model.
As Fisker continues to cut costs and transition from direct sales to a dealer partnership model, the only remaining U.S. facility is a “Fisker Center+” near San Diego. In January, the company announced a shift from direct sales to a dealer partnership model. Six weeks later, Fisker reported that over 250 dealers in North America and globally had expressed interest in selling its first production model, the Fisker Ocean.
The company now has a total of 24 dealer locations, including 12 in Europe, up from nine dealer locations earlier this year.
Craig Zinn Automotive Group Expands Toyota Dealership
Craig Zinn Automotive Group has expanded and upgraded Toyota of Hollywood’s Pre-Owned Division, Amazinn Used Cars, into a supercenter in Florida.
Located within the existing property on Road 7 in Hollywood, FL, the Amazinn Used Cars includes an all-new campus-style compound, upgraded outside pavement and parking and new high-efficiency lighting outside. The supercenter features an expanded state-of-the-art showroom, designed for a streamlined purchasing process and faster sales and delivery time. It showcases larger finance and sales departments, dedicated business development center (BDC) and Internet departments and smart technology for energy efficiency in approximately 8,000 square feet of dedicated space.
The $1 million expansion of Toyota of Hollywood to be finalized in August 2024 will include a cutting-edge service and parts facility tailored to meet the needs of Amazinn Used Car customers. Additionally, services such as oil changes, tire replacement, and other automotive maintenance needs will continue to be provided for the wider community.
Craig Zinn Automotive Group owns and operates Lexus of Pembroke Pines, Toyota of Hollywood, Subaru of Pembroke Pines, Lexus of North Miami, and Acura of Pembroke Pines offering new and used makes and models.
