July 21, 2024


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Group 1 sells Hyundai dealership; Ken Garff Automotive buys Subaru store

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Ken Garff Automotive provides Subaru dealership, oldest in the country

Expanding Ken Garff Automotive Team, a privately owned retailer in Salt Lake Metropolis, bolstered its Utah presence with the acquisition this thirty day period of a Subaru dealership, a new brand name for the team.

Ken Garff Automotive on June 21 acquired Nate Wade Subaru in Salt Lake City from longtime operator Kirk Schneider. The dealership is retaining the Nate Wade name, noting that it is a Ken Garff retailer.

Schneider, who had just the a single keep, is remaining on as Ken Garff vice president of companion relations, the firm reported in a weblog submit. He will continue on to provide on the boards of the New Car or truck Dealers of Utah and the Utah Motor Car or truck Franchise Advisory Board, among many others. Schneider also signifies Utah on the board of directors of the Countrywide Automobile Dealers Association.

“There is certainly no 1 we would alternatively be a part of than Ken Garff,” Schneider said in a statement, introducing his values match that of Ken Garff Automotive.

Schneider, who is also a past chairman of the Subaru Nationwide Seller Advisory Board, had owned the dealership due to the fact 1995, when he acquired it from his father-in-law, Nate Wade. The dealership opened in 1969 and is the oldest Subaru retailer in Subaru of America’s community, the firm verified to Automotive News. Subaru of The us was included in 1968.

“We are honored to welcome Nate Wade Subaru into the Ken Garff loved ones,” John Garff, CEO of Ken Garff Enterprises, mum or dad organization of Ken Garff Automotive, said in a statement. “Kirk Schneider’s vision has made Nate Wade Subaru an excellent retailer that is nicely revered in the group and aligns properly with our brand and determination to Utah.”

The acquisition follows Ken Garff Automotive’s entrance into Colorado and Wyoming when it acquired 5 dealerships in September.

Ken Garff Automotive ranks No. 9 on Automotive News’ checklist of the leading 150 dealership teams centered in the U.S., retailing 58,787 new automobiles in 2021.

Joe Ozog of Ozog Consulting Team in Scottsdale, Ariz., represented Schneider in the transaction.


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