Driving the news: Steve Napleton Auto Group has acquired Hyundai of Palatine and Chevrolet of Palatine from AutoCanada, expanding its Chicago-area presence to 11 dealerships with four locations now in Palatine.
For context: The acquisition is part of AutoCanada's broader divestment of 13 U.S. dealerships announced in July. And the dealerships now operate as Napleton Palatine Hyundai and Napleton Palatine Chevrolet.
What they’re saying: “Palatine is a community we know and love. Hyundai and Chevrolet are both fantastic brands, with products that our customers demand,” said Kevin Kysiak, Dealer Principal of Napleton Palatine Chevrolet and Napleton Palatine Hyundai.
Why it matters: AutoCanada's retreat from the U.S. market is creating opportunities for savvy regional players to snap up prime real estate and established operations at potentially favorable prices. Napleton's strategy of clustering four dealerships in one community could create significant competitive advantages through shared overhead costs and local market dominance.
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