Lowenfield stated he and his brothers — Justin Lowenfield, Casa’s president, and Luke Lowenfield, the corporate’s common counsel — purchased the dealership group from their father in 2018, who stepped down after acknowledging, “You guys are looking to grow; I’m looking to retire.”
The brothers, who began with three dealerships promoting Kia, Ford, Lincoln and Nissan, added a Buick-GMC retailer in 2021 earlier than finalizing the New Mexico deal within the third quarter of final yr.
“This acquisition really helped us branch out so we can serve more customers,” Lowenfield stated.
While minimal staffing adjustments have been made, the buildings housing Honda and Chrysler-Dodge-Jeep-Ram have been slated for full rebuilds.
A brand new Honda constructing is ready to open in April. Until then, the Honda gross sales workers is understanding of the Chrysler-Dodge-Jeep-Ram constructing, which sits about 20 yards away. All Honda service is briefly working out of an outdated constructing subsequent to the Chevrolet-Buick-GMC retailer, Lowenfield stated.
Those plans will reverse when it is time for the Chrysler-Dodge-Jeep-Ram constructing to come back down later in 2023 — gross sales will function out of the brand new Honda constructing till the tip of this yr when development is slated for completion.
Lowenfield stated whereas they’re spending time and vitality now to ensure the transitions and renovations go easily, the brothers goal to maintain increasing the group.
“If I had it my way, we would buy one or two stores every year and continue to grow,” he stated. “I don’t have a max number of stores in my head, but by 2030, I do know that we want to have 15 rooftops.”
That compares with eight new-vehicle dealerships for Casa after the New Mexico deal, along with two used-only shops, a collision store and insurance coverage companies.
The growth marks the primary time that Casa has moved into a brand new state since Wally Lowenfield, the brothers’ grandfather, began the enterprise in 1969, Lowenfield stated.
Source: www.autonews.com