Ford, Bentley and Stellantis dealerships sell in 4 states

Indiana Bentley Sold

The owners of the rare boutique Bentley dealership in Indiana sold their ultra-luxury British brand store in the fourth quarter.

Brothers Greg Albers and Mark Albers sold the Bentley Zionsville to Joseph Parham on October 1, according to Greg Albers. Zionsville northwest Indianapolis.

On January 1, there were only 48 Bentley franchises in the United States, according to Car NewsAnnual agent census.

Parham is the owner of Coast To Coast Imports, a high-quality used car dealership that specializes in exotic and luxury vehicles with two locations in suburban Indianapolis, according to its website.

The Bentley franchise moved to Indianapolis, and the store was renamed Bentley Indianapolis.

“We were able to sell … just the right to be basically a Bentley dealer, some parts and some equipment,” said Greg Albers. Car News. “In return, in our agreement we have been able to continue servicing older vehicles that are over 10 years old, [and] Selling parts to them.

He noted that buyers have expressed interest in the Bentley franchise “and they already have a facility that meets Bentley’s needs in terms of size and everything.”

Greg Albers said the two brothers now run Albers Motorcars as an independent store with a focus on parts and service for older Rolls-Royce and Bentley models.

The business was started in 1963 by their father, Hermann Albers, as a service and parts service for Rolls Royce and Bentley cars. Thereafter it sold new cars of both luxury brands until 2003, when it became only Bentley for new car sales.

McMurray buys first franchise dealership

On January 26, Jim Snead, principal of Jim Snead Ford dealership, sold his father’s former agency in Waynesboro, Virginia, to first-time franchisee Matt McMurray.

The business, which includes the adjacent Quick Lane Tire & Auto Center building, is now called Campus Ford.

McMurray owns and operates Campus Automotive Inc. , a used car dealership and Maaco body shop, both in Blacksburg, Virginia.

Hal Vader, managing partner of Murphy Business & Financial Corp. In Williamsburg, Virginia, who represented Snead in the sale, Jim Snead chose to walk out of business for health reasons. Like Frank O’Donnell of Biltmore Consulting in Hendersonville, North Carolina, McMurray.

Snead said all 34 employees have been retained.

Snead said McMurray’s service experience and business mindset are engaging, he said Car News.

“I was trying to find someone who was consistent with my philosophy that there would be minimal disruption to the other employees,” Snead said. “Most of my employees have been with me for 30 years. I felt I owed them to choose someone who was less disruptive to their lives.”

Although standardization remains strict in auto retail, Vader said the aging demographics of dealers are driving many of the transactions he’s worked on recently.

“I was helping them grow and now I’m helping them out,” Vader said.

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