Driving the news: The Caprara Family, which owns FX Caprara Car Companies, has acquired Wally's Mitsubishi in Watertown, New York, expanding their dealership group to nine locations.
For context: The dealership will be renamed FX Caprara Mitsubishi and will be run by Frankie Caprara, who also oversees the family's Honda store in Watertown.
Why it matters: The acquisition comes at an interesting time for Mitsubishi, which has one of the smallest lineups in the U.S. market but is promising significant expansion with electric, hybrid, and traditional powertrains. For a family dealership group, taking on a niche brand like Mitsubishi requires confidence in the manufacturer's growth plans.
Bottom line: The Capraras are betting that Mitsubishi's promised product offensive will actually materialize and create new sales opportunities in their northern New York market.
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