Driving the news: Jim Gill just bought three Germain dealerships in Sidney, Ohio, giving Chesrown Automotive a major footprint expansion with Chevy-GMC, Ford, and Chrysler Dodge Jeep Ram stores.
For context: The June 3 transaction gives Chesrown control over nearly 20 acres of retailing space, including 50 service bays equipped with state-of-the-art diagnostic equipment, according to a press release.
Why it matters: Having seven domestic brands on one street gives the Gills incredible economies of scale and cross-selling opportunities that most family dealers can only dream about.
What we're watching: Jim Gill is handing operational control to his sons Ryan and Joseph, making this a true generational transition with serious skin in the game. Meanwhile, Germain's decision to divest these profitable Ohio locations suggests they're consolidating around higher-growth markets across their six-state footprint.
OUTSMART THE CAR MARKET IN 5 MINUTES A WEEK
No-BS insights, built for car dealers. Free, fast, and trusted by 55,000+ car dealers.
