HomeAutomobileFirst U.S. dealership acquired by Canadian partners

First U.S. dealership acquired by Canadian partners

Canadian partners Phil Alalouf and Todd Hewitt, who had long careers as dealership managers, have purchased their first store, Coachella Valley Volkswagen in Southern California, forming the PATH Auto Group earlier this year. After meeting 25 years ago at what was then Cowell Auto Group near Vancouver, British Columbia, and working for Canada’s Foundation Automotive Corp. in the US, the pair decided to launch their own business. They sold their Vancouver homes to raise cash and, unable to afford Canadian dealerships or those that were too remote, chose a US location. The new owners kept the name of the store, which sold 244 new vehicles and 480 used vehicles last year. Hewitt is focusing on the store’s sales department, while Alalouf oversees fixed operations, accounting and finance. The acquisition was brokered by buy-sell firm Performance Brokerage Services, which said the transaction made sense for both buyer and seller. If all goes well with Coachella Valley Volkswagen, Alalouf said they may expand and have three to five stores in the next five years, keeping it local with stores within an hour’s drive and growing from there.

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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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