Casa Vehicle Group’s 3rd technology of management, looking for advancement and diversification, expanded into a new condition with the invest in of 4 dealerships in Alamogordo, N.M., Casa CEO Ronnie Lowenfield verified.
The family members-owned team from El Paso, Texas, purchased suppliers providing the Toyota, Honda, Chevrolet-Buick-GMC and Chrysler-Dodge-Jeep-Ram manufacturers Aug. 22 from Robert Martinez of Desert Sunlight Motors, Lowenfield instructed Automotive Information.
Alamogordo is about 90 miles north of El Paso. Martinez experienced owned the suppliers for about 40 decades and required to retire, Lowenfield mentioned.
Apart from Buick and GMC, the manufacturers concerned in the offer are all newcomers to Casa Auto’s latest portfolio, Lowenfield mentioned.
Lowenfield mentioned he and his brothers — Justin Lowenfield, Casa’s president, and Luke Lowenfield, the firm’s standard counsel — purchased the dealership team from their father in 2018, who stepped down soon after acknowledging, “You men are searching to mature I am searching to retire.”
The brothers, who started off with a few dealerships providing Kia, Ford, Lincoln and Nissan, additional a Buick-GMC retailer in 2021 ahead of finalizing the New Mexico offer in the 3rd quarter of past 12 months.
“This acquisition seriously aided us department out so we can provide additional buyers,” Lowenfield mentioned.
Whilst nominal staffing variations had been produced, the structures housing Honda and Chrysler-Dodge-Jeep-Ram have been slated for finish rebuilds.
A new Honda constructing is established to open up in April. Right until then, the Honda gross sales workers is doing work out of the Chrysler-Dodge-Jeep-Ram constructing, which sits about 20 yards absent. All Honda support is quickly functioning out of an aged constructing up coming to the Chevrolet-Buick-GMC retailer, Lowenfield mentioned.
All those programs will reverse when it is really time for the Chrysler-Dodge-Jeep-Ram constructing to arrive down afterwards in 2023 — gross sales will work out of the new Honda constructing until eventually the conclusion of this 12 months when building is slated for completion.
Lowenfield mentioned even though they are investing time and electrical power now to make positive the transitions and renovations go easily, the brothers goal to preserve growing the team.
“If I experienced it my way, we would obtain 1 or two suppliers just about every 12 months and continue on to mature,” he mentioned. “I you should not have a max amount of suppliers in my head, but by 2030, I do know that we want to have 15 rooftops.”
That compares with 8 new-car dealerships for Casa soon after the New Mexico offer, in addition to two employed-only suppliers, a collision store and insurance coverage organizations.
The enlargement marks the initially time that Casa has moved into a new condition considering the fact that Wally Lowenfield, the brothers’ grandfather, started off the small business in 1969, Lowenfield mentioned.