March 26, 2023

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The Ultimate Driving Machines

Group 1 sells Honda, Toyota dealerships in Massachusetts

Ira Toyota of Tewksbury was renamed AutoFair Toyota of Tewksbury, AMSI verified. AMSI acquired AutoFair Automotive Group, a seven-shop team in New Hampshire and Massachusetts, in December.

Ira Honda was renamed Parkway Honda. Gregg Vitello, a lover in Parkway Honda, advised Automotive Information he experienced been ready for the prospect to acquire the Honda shop, which is next to Parkway Toyota of Boston, a retail store in which he’s also a spouse. Taylor acquired Parkway Toyota in March 2021 from Prime Automotive Group.

“It is really a great chance,” Vitello said of Parkway Honda. “We are really, very thrilled about it.”

Vitello reported he also is a associate in BMW of Freeport, Mini of Freeport and Mercedes-Benz of Massapequa in Amityville, all in New York point out. Taylor obtained those people stores from Group 1 in 2014, in accordance to Automotive News‘ obtain-offer databases.

Team 1 obtained Ira Honda in West Roxbury from Key Automotive Team in November, part of an $880-million obtain first introduced in September. Group 1 said it planned to get 30 Prime dealerships and shut on the obtain of 28 merchants. A Toyota dealership was dropped from the transaction thanks to Team 1’s framework settlement constraints, whilst the obtain of Key Subaru of Manchester in New Hampshire has been in dispute with distributor Subaru of New England.

“We appraise each and every procedure and often buy and sell dealerships to satisfy our inner aims,” DeLongchamps advised Automotive Information in an electronic mail about Team 1’s decision to offer the Honda dealership.

Team 1 ranks No. 4 on Automotive Information‘ most recent list of the prime 150 dealership groups centered in the U.S., retailing 140,221 new cars in 2020.