Dealer Ali Talebi has purchased his second franchised dealership with Spruce Pine Chevrolet-Buick-GMC in North Carolina.
Talebi bought the dealership Oct. 18 from Robert Vance Houston. The store name was unchanged.
The second franchised store came quickly for Talebi, longtime CEO of luxury used-vehicle dealership Hi-Line Autohaus in Charlotte, N.C.
On July 19, he bought his first franchised dealership, Marion Chrysler-Dodge-Jeep-Ram, also in North Carolina, from Randy Willis. That store name also remains the same.
Talebi, who said he’s been in the auto industry for 26 years, said he learned about the Chevrolet store opportunity when he bought the Marion store. It’s about 20 miles from the Spruce Pine dealership.
“I’ve been wanting to get into franchised [dealerships] for the previous year and a half,” he said, adding he talked to “manufacturers, reps, you name it.”
He said he even cold-called dealerships, which was how he found the Marion store and that Willis was ready to sell.
Ralph Vines, CEO of Advanced Dealership Management Solutions in Peoria, Ariz., brokered the Spruce Pine transaction.
Source: https://www.autonews.com/dealers/buy-sell-roundup-pinegar-and-talebi-buy-dealerships
