The car that cares

Penske buys Erhard BMW dealership in Mich.; Fox Motors picks up 2 other Erhard dealerships

Fox Motors in the summer season designs to move the Jaguar-Land Rover dealership to a new facility in nearby Novi, Mich., which is below building. That facility will be double the measurement and attribute thirty services bays, 24 showroom displays and two out of doors pedestrian plazas.

In 1964, Erhard and Gretchen Dahm proven the Entire world of Erhard small business and opened a BMW dealership. The couple’s young children later entered the spouse and children small business.

“On behalf of the Dahm spouse and children, we want to explain to our local community and Erhard crew thank you for your many many years of determination,” Erhard President Acquire Dahm reported in a statement. “Our mothers and fathers built a small business centered on realizing the worth of interactions with other people. It has been a great experience for our spouse and children.”

Penske hasn’t experienced a dealership in Michigan because 2013, when it sold its closing two stores in suburban Detroit: a Cadillac retailer in Warren and a Honda dealership in Bloomfield Hills.

Penske, which reported this dealership marks its 48th BMW place nationally, reported it this yr has extra franchised automotive and business truck dealerships that it expects will generate $1.2 billion in annual income. Provided in that figure is its June invest in of a Mercedes-Benz dealership in Pineville, N.C.

Penske ranks No. 2 on Automotive News‘ record of the top rated one hundred fifty dealership teams centered in the U.S., retailing 178,437 new cars in 2020. Having said that, Lithia Motors Inc. — the 3rd-greatest group in the state in 2020 — vaulted past Penske to become the next-greatest retailer heading forward with its April acquisition of Suburban Selection in Michigan.

Fox Motors ranks No. seventy five on that identical record, retailing 12,517 new-cars previous yr.