Automotive News Updates

4 dealerships change arms in single-store transactions

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Bayway Auto Group, of Houston, purchased a Cadillac retailer from Group 1 Automotive Inc. final month, for its second dealership promoting the posh model.

Bayway Auto on Nov. 1 bought Sterling McCall Cadillac in Houston and renamed it Bayway Cadillac Southwest.

Bayway Auto proprietor Darryl Wischnewsky stated he purchased the Cadillac retailer from Group 1 and moved it right into a former Jaguar-Land Rover facility that he bought, positioned proper subsequent to the property.

“It was type of like a three-party transaction,” Wischnewsky advised Automotive Information.

The shops are positioned in an space that has little area to construct a brand new dealership, Wischnewsky stated.

“You just about have to purchase any person’s enterprise out and do a tear-down and construct, and that wasn’t actually possible,” he stated. “Jaguar had moved to a brand new facility, although this [one] was in wonderful form.”

Wischnewsky and Bayway Cadillac Southwest Common Supervisor Dimitrios Platsas stated the 11-acre, 70,000-square-foot facility will likely be renovated to make it Cadillac image-compliant. Building is slated to begin within the spring.

Group 1 confirmed the sale, and a spokesman stated it opted to promote the Cadillac retailer to increase its Buick-GMC dealership on the campus.
Along with the 2 Cadillac shops, Bayway Auto additionally has two Chrysler-Dodge-Jeep-Ram shops, a Chevrolet dealership, a Lincoln retailer and a Volvo retailer, all within the Houston metro space.

Group 1, additionally of Houston, ranks No. 4 on Automotive Information‘ listing of the highest 150 dealership teams primarily based within the U.S., retailing 140,221 new autos in 2020.


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