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Young Automotive Accumulation of Layton, Utah, has added three dealerships in its address city.
The accumulation on July 30 bought Layton Hills Chrysler-Dodge-Ram, the standalone Utah Jeep Abundance and Audi Layton-Cutrubus Volkswagen of Layton from Homer Cutrubus and the Cutrubus family. Layton is arctic of Salt Lake City.
The food were renamed Young Chrysler-Dodge-Ram, Young Jeep and Young Volkswagen of Layton-Audi Layton.
Oliver Young, the Young group’s operations director, told Automotive News that the aggregation is aflame to add addition Stellantis abundance and new brands Volkswagen and Audi. Young said that is its additional affluence abundance afterward Genesis. The accretion additionally included a anatomy shop.
“Since 2008, we’ve been diversifying our portfolio to accomplish abiding we accept a assorted accumulation of manufacturers,” he said. “In 2008, we alone had GM and Chrysler-Jeep-Dodge-Ram, and that was a asperous time.”
Young Automotive said it now has 18 dealerships in Utah and Idaho, six powersports food and one medium-duty barter and bivouac outlet.
The Cutrubus family, through arbitration, won the appropriate to reopen its Layton Chrysler abundance afterwards that dealership and addition the ancestors endemic were amid hundreds alone beyond the country as allotment of then-Chrysler’s 2009 bankruptcy.
The Cutrubus ancestors still owns a Kia dealership in Ogden, Utah, Young said.
Performance Brokerage Services, an Irvine, Calif., buy-sell firm, handled the transaction.
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