Denver Ferrari Store in New Group
The recent sale of the dealership by Lithia adds to an expanding stable for a family-owned collection of franchises.
The Denver store is one of only a few Woodhouse Auto Family dealerships outside the group's home base of Nebraska.
Ferrari of Denver
Lithia Motors offloaded a Ferrari dealership to a growing Nebraska-based automotive group.
The Denver store is one of only a few Woodhouse Auto Family dealerships outside its home base of Nebraska. Two others are in Iowa.
Pinnacle Mergers & Acquisitions facilitated the sale for Lithia, the second transaction it’s handled for the auto retail giant so far this year. The firm also brokered a Porsche store sell in Iowa for Woodhouse last month; Ed Morse Automotive Group picked up the Des Moines dealership.
“Premium and luxury dealerships require a unique understanding of brand standards, customer relationships, and long-term market positioning,” said Pinnacle founder and CEO Bill Scrivner.
Woodhouse, which now has 25 dealerships, will continue to operate its newest dealership as Ferrari of Denver.
More Industry
EV Consideration Climbs
Despite the loss of federal EV incentives, interest has grown in the U.S., largely thanks to charging infrastructure improvements.
Read More →
August Auto Angst
The hot month brought hot-to-the-touch vehicle prices in the U.S. as consumers dived for more affordable models but found higher price tags to go with them.
Read More →
Arizona Stores in New Hands
The two franchises bring continued growth for a homegrown automotive group in its third generation of family ownership.
Read More →
Two New Rides Earn Safety Awards
Thanks to vehicle redesigns, two more vehicles have earned IIHS’ Top Safety Pick+ award that builds on the criteria of the lower Top Safety Pick award.
Read More →
How A Simple Phone Call Can Cause a Dealership Data Breach
Despite the sophisticated techniques fraudsters often employ today to gain access to dealerships’ valuable information, they sometimes use a somewhat old-fashioned approach.
Read More →
Texas Rooftop Gets New Owner, Name
Family-owned Lumos Auto Group acquired Acura of the Rio Grande Valley from Bill Bird and will operate the dealership as Lumos Acura.
Read More →
Hyundai Feeling Electric
As the automaker looks to the balance of the decade, it plans to significantly boost its electrified powertrain lineup, including more hybrids and its first extended-range EVs.
Read More →
Dealer Debrief: Luxury Brands are Losing Ground
The quality gap between luxury and mass-market auto brands is narrowing. Today, Lauren is discussing why.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
Longtime Ford Store Changes Hands
The Virginia dealership joins a small area automotive group in a one-dealership transaction, moving from one family franchisee to another.
Read More →