Automotive News Updates

Penske buys Erhard BMW dealership in Mich.; Fox Motors picks up 2 different Erhard dealerships

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Fox Motors in the summertime plans to maneuver the Jaguar-Land Rover dealership to a brand new facility in close by Novi, Mich., which is beneath development. That facility can be double the scale and have 30 service bays, 24 showroom shows and two out of doors pedestrian plazas.

In 1964, Erhard and Gretchen Dahm established the World of Erhard enterprise and opened a BMW dealership. The couple’s youngsters later entered the household enterprise.

“On behalf of the Dahm household, we wish to inform our group and Erhard crew thanks on your a few years of dedication,” Erhard President Win Dahm mentioned in a press release. “Our dad and mom constructed a enterprise based mostly on understanding the worth of relationships with others. It has been an amazing trip for our household.”

Penske hasn’t had a dealership in Michigan since 2013, when it offered its ultimate two shops in suburban Detroit: a Cadillac retailer in Warren and a Honda dealership in Bloomfield Hills.

Penske, which mentioned this dealership marks its forty eighth BMW location nationally, mentioned it this 12 months has added franchised automotive and industrial truck dealerships that it expects will generate $1.2 billion in annual income. Included in that determine is its June buy of a Mercedes-Benz dealership in Pineville, N.C.

Penske ranks No. 2 on Automotive Information‘ checklist of the highest 150 dealership teams based mostly within the U.S., retailing 178,437 new autos in 2020. Nevertheless, Lithia Motors Inc. — the third-largest group within the nation in 2020 — vaulted previous Penske to develop into the second-largest retailer going ahead with its April acquisition of Suburban Assortment in Michigan.

Fox Motors ranks No. 75 on that very same checklist, retailing 12,517 new-vehicles final 12 months.


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