Winner Automotive Buys Delaware Chevrolet Dealership
Winner Automotive Group has acquired Diver Chevrolet located in Wilmington, DE.
With this acquisition, Winner brings its innovative and customer-centric approach to the Chevrolet brand, offering customers an expanded range of vehicle options, services, and financing solutions, according to Michael Hynansky, owner of Winner Automotive Group
“This acquisition aligns with our vision of offering customers a comprehensive automotive experience and we are grateful for the support of the Diver family and team that has built such a solid foundation for our future success,” said Michael Hynansky, Owner of Winner Automotive Group. “Diver Chevrolet has a storied history and a loyal customer base, and we look forward to upholding its legacy while adding our expertise and resources to deliver a best-in-class sales and service experience.”
Hynansky noted customers can look forward to a seamless integration, with familiar faces and the same trusted service, now backed by Winner’s global network and resources.
The Chevrolet dealership adds to Winner Automotive Group’s portfolio, which includes Audi, Ford, Hyundai, Subaru, and Volkswagen in Delaware, as well as Ford, Jaguar, Land Rover, Volvo, Porsche, Bentley, MG, Maxus, and Renault in Ukraine.
Fred Beans Automotive Group Expands in Pennsylvania
The Fred Beans Automotive Group has acquired three Mechanicsburg, PA-based dealerships and one auto body shop from Freysinger Automotive.
Freysinger’s GMC/Buick, Hyundai, and Mazda dealerships began operating under the Fred Beans name Oct. 28. Similarly, the former Freysinger Body Shop will now be called ‘CARSTAR Fred Beans New Cumberland’.
According to Fred Beans Automotive Group officials, they now boast 30 dealerships offering thousands of new and used vehicles spanning 21 different car brands, including two dealerships in Mechanicsburg —Fred Beans Ford and Fred Beans Kia—as well as a CARSTAR collision center.
“Our growth means an even bigger selection of vehicles for our Fred Beans customers,” said Beth Beans Gilbert, vice president of Fred Beans Automotive Group and dealer principal of these newly acquired dealerships. “It also gives us the opportunity to expand our customer base and membership in our customer loyalty program, the AutoRewards Club.”
United Companies Adds Indianapolis-area Location
Romain Automotive Group has brought another dealership into its fold with the acquisition of Champion Chevrolet in Avon, IN, a deal announced by Performance Brokerage Services, which represented the buyer. The dealership will now do business as Romain Champion Chevrolet.
The store in the Indianapolis area was purchased by United Companies CEO Amy Romain-Barron and her father, former CEO Ron Romain. United Companies, which includes the Romain Automotive Group, was founded in 1964 by Robert Romain Sr., as United Automobile Leasing. As the business diversified, it was renamed United Companies in 2000.
In addition to the automotive group, United Companies currently includes Professional Transportation, Inc., Tri-State Aero and United Leasing & Financing, operating in 40 states and managing more than 3,000 corporate accounts.
Bay Area Dealer Buys San Jose Lot
A Bay Area auto dealership executive purchased a vehicle sales property in San Jose for $18.5 million, according to a published report.
Pedram Amin bought the Capitol Nissan located at the west end of the busy Capitol Expressway Auto Row that stretches for a mile between Almaden Expressway and State Route 87. The seller was a Louisiana-based group headed up by Troy Duhon.
The purchase highlights the rising real estate values for vehicle dealerships in the area. As of January 2024, the estimated value of the three parcels that the Amin-led group bought at 1120 Capitol Expressway was $9.5 million. This means the purchase price was 94 percent higher—nearly double —the assessed value of the property.
Affiliates headed up by Amin operate at least two other auto dealerships in the South Bay— Hyundai of Gilroy and Infiniti of San Jose. The purchase of the Capitol Nissan site gives an Amin-led affiliate ownership of the property; the Amin-headed groups don’t own the properties where the Hyundai or Infiniti dealerships operate.
