Corwin Automotive Busy Second Dealership in Colorado Springs
Corwin Automotive Group has purchased another Colorado Springs dealership.
The Fargo, N.D.-based dealership group has acquired Groove Honda, according to Pinnacle Mergers and Acquisitions, which advised on the transaction. The dealership, which has been renamed Corwin Honda of Colorado Springs, is Corwin’s second in the market, joining Corwin Toyota of Colorado Springs.
“Honda in Colorado Springs is a unique opportunity for us to expand in a market we love with a brand we believe in,” Corwin partner and chief financial officer Dan Wilson said. “This is a great opportunity for our company as we continue to look for outstanding opportunities like this one.”
Corwin, a fourth-generation family-owned business founded in 1914, now operates 17 dealership locations and two collision centers in eight states in the Midwest and Northwest.
Atlantic Coast Automotive Buys 2 Florida Dealerships
Qvale Auto Group sold two dealerships outside of Tampa to Atlantic Coast Automotive.
The transaction, finalized Nov. 5, involved Audi Lakeland and Volkswagen Brandon. Qvale Auto Group continues to operate Alfa Romeo and Maserati stores in St. Petersburg, FL.
This was the fourth transaction that The Presidio Group has worked on with Qvale Auto Group owner Bruce Qvale during the past four years. In all, Presidio has now advised Qvale on the sale of 10 dealerships representing seven brands and 12 franchises in Florida and California. In addition to continuing to operate his St. Petersburg stores, Qvale plans to diversify his holdings outside of retail automotive.
For Atlantic Coast Automotive, the acquisition of the Qvale stores expands its rapidly growing network of dealerships stretching from Florida to New York.
Earnhardt Chevrolet Moves to New Location
Earnhardt Chevrolet has relocated to a new state-of-the-art facility in Queen Creek, AZ, from its longtime Chandler facility. The Chandler location sold and serviced all GM vehicles and operated a complete service department, parts department and collision center, all on site.
Since the new state-of-the-art Chevrolet dealership in Queen Creek was built with all new equipment and fixtures, the items at the Chandler facility are no longer needed. Earnhardt Auto Centers held on online auction to sell off the entire contents of the facility and is liquidating everything onsite including vehicle lifts, paint booths, parts racks, office furniture, electronics, tools, shop equipment and much more.
The Chandler property is planned to be redeveloped by Toll Brothers into a 420-unit apartment complex called Uptown, and the project is expected to be approved by the city’s Economic Development Office soon. The Planning & Zoning commissioners voted unanimously to recommend approval of the redevelopment.
Dilawri Unveils New Facility for Combined BMW/MINI Store
Dilawri’s BMW operation in Calgary, Canada has a new look and a new name.
Canada’s largest automotive group, with 82 franchise locations in Canada and the U.S., announced the dealership formerly known as BMW Gallery is now BMW Royal Oak, and it’s being joined by MINI Calgary in a new 74,205-square foot facility.
The building is the first combined BMW/MINI retail facility in Canada to follow BMW Group’s customer-centered Retail.Next design standard. The facility features a 13-car showroom, a three-lane drive-through service department, 24 service bays, an automated car washing system, and three charging stations for EV customers.
“The name change from BMW Gallery to BMW Royal Oak represents not only new leadership, but a renewal of our commitment to our customers and community in Northwest Calgary — and beyond,” Dilawri’s vice president of operations for the Prairies region Andy Kistner said. “It’s also fitting that it has coincided with our recently completed facility, which reflects our alignment with BMW in evolving the retail experience.
The MINI dealership, which moved from its Southeast Calgary location, occupies an independent space within the new store. Retail.Next design is BMW Group’s new corporate identity retail facility concept. Kistner said it enables“the proper integration of BMW’s brands.”
