June 5, 2023

Ken Garff Team acquires 9 dealerships in four states

The Utah-centered car or truck vendor expands to 62 dealerships.

(Trent Nelson | The Salt Lake Tribune) The Ken Garff Purple Zone at Rice-Eccles Stadium in Salt Lake City was officially unveiled in a ribbon-chopping ceremony on Thursday, Aug. 12, 2021.

The Ken Garff Automotive Group just received a great deal bigger — it has acquired nine dealerships in 4 states, bringing its complete to 62. It’s the major enlargement in the company’s 89-12 months background.

And if it seems like an odd time to obtain additional dealerships, what with minimal motor vehicle and truck inventories because of a scarcity of laptop or computer chips, the exact opposite is correct, according to Garff CEO Brett Hopkins.

“It’s a great deal less complicated to get a business when they really don’t have any stock than to obtain it when they have a good deal of stock,” he explained. “Taking inventory only will take a couple of minutes, when it normally would acquire a few of times.”

And, he stated, the stock complications are “definitely temporary.”

“For absolutely sure, the market’s likely to normalize,” Hopkins mentioned. “The supply chain’s going to catch up. All dealerships across the country will start off to have far more stock just before the conclude of the year.”

Just after “exploring growth opportunities for the last calendar year,” Garff has obtained Kia and Hyundai dealerships in Arizona Hyundai and Cadillac dealerships in Texas Ford, Toyota and Hyundai dealerships in Wyoming and two Ford dealerships in Colorado.

“It’s our total, extensive-phrase system here at Garff to carry on to slowly and gradually mature or footprint,” Hopkins claimed. “We’ve always experienced a drive to increase in neighboring states. We view them as progress-oriented states. The chance arose and we jumped at it.”

And the growth will be a boon to workforce in Utah, though some of them will be leaving the state mainly because of it.

“It gives us an prospect to boost to some management roles out of point out, and in undertaking so, it results in some new management opportunities for staff in point out,” he said. Utah staff are being promoted to direct positions at the recently acquired dealerships “particularly in Arizona and in Colorado. And then it creates other options listed here in Utah. It is just a domino impact.”

The late Ken Garff (1906-1997) established the business in 1932, selling used autos. He opened his to start with new vehicle dealership — Studebakers — in 1937.

“When my grandfather, Ken Garff, founded this corporation in 1932, he built certain we give back again to our communities by employing values of honesty, integrity, empathy for others and a powerful work ethic,” mentioned John Garff, president of Garff Enterprises. “We do not do that for recognition or for awards, but to this working day and in just about every dealership throughout 9 states, we have that tradition ahead. It is aspect of who we are.”

The company’s slogan, “We listen to you,” has come to be acquainted across Utah, wherever Garff operates 29 dealerships. In advance of the most current acquisition, Garff also operated dealerships in California, Iowa, Michigan, Nevada and Texas.