LaFontaine Automotive Team, a Michigan-primarily based vehicle dealership team, said Friday that it has obtained Outstanding Buick GMC in Dearborn, the newest growth for LaFontaine amid a broader dealership consolidation development.
LaFontaine claimed this deal — monetary conditions of which were being not disclosed — delivers its count of Buick GMC dealerships to 4. It most not too long ago follows LaFontaine’s acquisition of Signature Lincoln.
And in what the business characterised as “an intense acquisition path,” it explained it has included 15 retail destinations in Michigan in the past 5 a long time. In all, the team now involves 48 retail franchises, 10 collision facilities and 28 Michigan retail areas. It represents the adhering to makes: Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, Fiat, Genesis, Honda, Hyundai, Jeep, KIA, Mazda, RAM, Polestar, Subaru, Toyota, Volvo and Volkswagen.
In a statement, LaFontaine CEO Ryan LaFontaine explained there is a “tremendous chance in the Dearborn neighborhood and encompassing towns to develop and reestablish the Buick GMC brand name.”
“This dealership was a local powerhouse back again in the working day,” he included, “and we are eager to reconnect with prior customers and provide an unmatched consumer experience — from profits to support, sections to overall body store.”
LaFontaine Automotive Team was established in 1980 by Michael LaFontaine Sr. and Maureen LaFontaine. It experiences that it marketed 36,277 automobiles in 2020 and is rated between the best 50 biggest U.S. dealership teams.
Robert Simmons, government basic supervisor of Standard Motors Co. manufacturers for LaFontaine, will add the new Dearborn place to the team of GM dealerships for which he is accountable. Shadrick Bennett will oversee day-to-day operations of the dealership as typical supervisor, LaFontaine claimed in a news launch.
LaFontaine’s most up-to-date acquisition will come amid a broader consolidation among lesser, family members-owned car dealerships, as people teams see opportunities to cash out their enterprises to much larger groups searching to scale up as the automotive marketplace navigates a historic shift brought by electrification and engineering.