A Quebec-based dealership workforce targeted at the luxurious and function sections has made its first foray into California with the acquisition of Ferrari South Bay within the Better Los Angeles Segment.
Holand Automobile Team, which owns a lot alternative high-end dealerships in Quebec and Florida, stated the purchase is the nearest step in its U.S. expansion technique.
“Having Ferrari South Bay as part of our portfolio of marquee brands will allow us to focus on growth and to slowly expand our footprint in the [United States],” corporate CEO Gad Bitton stated in a loose.
Monetary phrases of the trade in, introduced July 4, weren’t disclosed.
The Torrance, Calif., bundle is Holand’s 2nd Ferrari location. It additionally owns Ferrari Quebec in Montreal. The dealership workforce represents alternative high-end manufacturers similar to Rolls-Royce, Lamborghini, BMW and Maserati at places, a number of of them shared, throughout Quebec Town, Montreal and Palm Seaside, Fla.
Ferrari South Bay used to be up to now owned by means of Mattioli Automobile Team, which constructed the dealership in 2014. Holand stated Eddie Brodsky, the bundle’s longtime normal supervisor, together with the “experienced” gross sales and repair personnel will keep on following the purchase.
Along side its layout of luxurious shops, Holand Automobile operates a leasing section, and ultimate summer time, bought Circuit Mont-Tremblant, a racetrack within the lodge the city northwest of Montreal.
