September 16, 2021


Automotive maniacs

Gurley Leep, PSD Automotive purchase dealerships

2 min read

Phillipos acquired Van Drunen Ford on June 24 in the Chicago suburb from Marvin Van Drunen and the Van Drunen household. Phrases were not disclosed, but the retail outlet has been renamed Ford of Homewood.

Phillipos has owned Chevrolet of Homewood in the exact same city since 2002. He mentioned he and the Van Drunen loved ones experienced talked about a sale more than the earlier number of decades.

He claimed he was increasing the income and company departments and prepared to be intense in advertising in hopes of taking a “little sleepy Ford shop in a very little town” and turning it into a “place shop.”

Vehicle reveals and other events also will be new additions.

Phillipos reported Van Drunen Ford generally would inventory just 20 made use of motor vehicles and 30 new cars.

“We’re likely to inventory 200 made use of and likely 400 to 500 new,” he mentioned.

Iowa acquisition
Rising Gurley Leep Automotive Loved ones bought Dave Wright Honda in Marshalltown, Iowa, on June 28 from dealer Dave Wright.

Gurley Leep is not preserving the Honda franchise there, nonetheless. Rather, the group, of Mishawaka, Ind., is relocating the franchise about an hour’s travel southwest to Altoona, Iowa, the place it programs to create a 30,000-sq.-foot dealership and name it Honda of Altoona.

Gurley Leep estimates the new dealership will open up all-around July 2023. It will be the group’s sixth Honda retailer.

“The thing which is rather one of a kind with Iowa franchise regulation is you can transfer a dealership wherever inside the territory,” claimed Mike Leep Jr., the group’s president. Marshalltown and Altoona qualify. “So even if it truly is correct on the edge of the territory, you can do that.”

Leep pointed out that Honda permitted the transfer.

Altoona, located northeast of Des Moines, Iowa’s money and most populous town, will give Gurley Leep a further Honda store in the Des Moines marketplace. The group also owns Intelligent Honda on the city’s west side.

“When you glimpse at the populace of servicing the better Des Moines place vs . what the possibilities are in Marshalltown, it just built a good deal of feeling to get nearer to exactly where we can service extra persons,” Leep mentioned.

Dave Wright Honda’s stock, about 60 automobiles, and components ended up relocated to Intelligent Honda, Leep claimed.

At the time Honda of Altoona is completed, it will be Gurley Leep’s eighth Iowa dealership and 21st rooftop. Gurley Leep also has dealerships in Indiana, Illinois and Michigan. In the very first quarter, the team acquired Northbrook Toyota in Illinois.

“Our acquisition product is the Midwest,” Leep reported.

The Honda shop in Marshalltown had shared a rooftop with Dave Wright Buick-GMC, Leep claimed.

The Occasions-Republican noted this week that seller Carl Moyer will obtain equally Dave Wright Buick-GMC and Dave Wright Chrysler-Dodge-Jeep-Ram, also in Marshalltown. Moyer instructed Automotive Information that that offer has not shut. © All rights reserved. | Newsphere by AF themes.