Sutherlin Automotive Group of Buford, Ga., mentioned it accomplished a uncommon transaction from an unbiased Genesis supplier when it purchased Genesis of Fort Myers, Florida from Morgan Automotive Group on June 1, in keeping with Sutherlin CEO Brett Sutherlin.
Genesis, the luxurious arm of Hyundai, grew to become its personal model in 2016. The primary unbiased Genesis dealership opened in March in Lafayette, Louisiana.
Morgan Automotive, which has acquired a number of Florida dealerships this yr, paired Genesis with Hyundai at a Fort Myers dealership, in keeping with Sutherlin.
“We’re very satisfied of the model, and that’s the reason we selected to purchase it,” mentioned Sutherlin. automotive information.
Sutherlin mentioned that after buying the Genesis dealership, which he renamed the Fort Myers Genesis, the group moved it to a short lived location about three miles away. The corporate broke floor on a brand new $15 million facility the week of July 4. The brand new constructing, situated behind the non permanent facility, shall be adjoining to Sutherlin’s Nissan dealership in Fort Myers, marking its second dealership within the metropolis.
“We’re excited to increase our automotive footprint in an space we’re proud to do enterprise in,” Sutherlin mentioned in a press release.
The Genesis dealership marks the eleventh general for family-owned Sutherlin Automotive with places in Florida and Georgia. Along with seven Nissan dealerships, the group additionally owns Sutherlin Mitsubishi in Vero Seaside, Fla., and Sutherlin Volkswagen of Lithia Springs and Sutherlin Hyundai Athens, each in Georgia.
Sutherlin mentioned he additionally expects to shut an acquisition that can increase the corporate into Tennessee within the subsequent 30 days. He mentioned he additionally plans to finish just a few extra offers that can convey the corporate’s whole supplier holdings to fifteen or 18 by the top of the yr.
Sutherlin Automotive of Buford, Ga., ranks 108th in automotive information‘ checklist of the highest 150 U.S.-based supplier teams, which retailed 9,261 new automobiles in 2021. Morgan Automotive of Tampa, Fla. ranks No. 8 on that very same checklist, retailing lower than 60,951 new automobiles final yr.