Knight Automobile Group continues U.S. enlargement in California

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Canada’s Knight Automobile Group acquires four dealerships come Sacramento, section of three U.S. strikes in a year, all in California.



This Elk Grove Subaru dealership in California became undoubtedly one of four dealerships Lasher Auto Group sold on Dec. 6 to Knight Automobile Group of Canada.

Canada’s Knight Automobile Group expanded within the U.S. for the third time in a year with its Tuesday do away with of four dealerships in Elk Grove, Calif., from Lasher Auto Group.

Knight Automobile bought Elk Grove Dodge-Chrysler-Jeep-Ram, Elk Grove Subaru, Elk Grove Acura and Elk Grove Audi-Volkswagen. The Audi store became renamed Audi Elk Grove, while the different dealerships retained their names. The Volkswagen-Audi dealership has separate showrooms. Elk Grove is south of Sacramento.

Braeden Mueller, Knight Automobile vp, told Automobile Recordsdata that the neighborhood loves the Sacramento market.

“We ponder it is miles a mammoth place to dwell and a mammoth place to develop industrial,” Mueller acknowledged. “We in fact just like the producers and the synergy of getting the 5 stores collectively in a row. It fit our industrial mannequin.”

Mueller acknowledged Knight furthermore bought some property as section of the deal and plans to work with Subaru and Audi within the impending months to receive new constructions for those stores.

With this week’s do away with, the rising Knight neighborhood has seven stores within the U.S. Knight in June bought a Stellantis dealership in Claremont, Calif., from John Elway Dealership Group. And in December 2021, Knight bought two Ford dealerships in southern California, its first foray into the U.S.

Scott Lasher, who co-owned Lasher Auto along with his brother Price, told the Sacramento Industry Journal in a Wednesday account that they were exiting the auto industrial. Their dead father, Wes Lasher, opened a Volkswagen store in Sacramento in 1955, in step with the neighborhood’s internet sites. Price and Scott took over day-to-day operations in 1995, in step with the Sacramento Industry Journal.

Knight Automobile became started in 1981 by Ted Knight, father of company president Kevin Knight. The neighborhood furthermore has eight dealerships in Saskatchewan and British Columbia, Mueller acknowledged. The neighborhood sold six Canadian dealerships within the previous 5 months, Mueller acknowledged.

Kerrigan Advisers, a promote-aspect company in Incline Village, Nevada, represented Lasher Auto within the sale.

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