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Sewell Automotive Cos open four new German brand car dealerships in Texas over the next two years, including BMW and Audi stores in Grapevine and McKinney.
In one of the largest extensions Sewell†history of 104 years, the four franchises will push the company†Dallas-based assets 18 dealers in Texas.
Besides the stores in Grapevine and McKinney, Sewell will open dealerships Audi and Mercedes-Benz in the Houston area.
ВЂњIt†is a wonderful opportunity and the significant growth of our company, ” said Carl Sewell, chairman of the company “They are under development and will open in spring 2016 ”.
German brands are among the most desirable new car franchises in the automotive industry before landing the new franchises, only German brand Sewell†was an Audi dealer in Houston.
Other luxury brands or quasi Sewell†include luxury Lexus, Maserati, Infiniti and Cadillac †brand that Sewell family started in the area of the concession it a few decades ago.
BMW Grapevine is adjacent to Sewell Cadillac in the 1000 block of State Highway 114, Sewell said Audi McKinney will be built on a 11 acre site at State Highway 121 and Stacy Road.
The Dallas-Fort area now has four BMW and Audi four dealerships.
It was five years ago, Carl Sewell began to turn the company's operations to his daughter, Jacqueline, and his son, Carl III, releasing pursue new acquisitions.
ВЂњWith our children in the company and continues to perform operations, I think that the manufacturers were comfortable with us for the long term, ” said Sewell, 71, a pioneer in customer service in the industry automobile.
Although plans for the concessions are still being finalized, Sewell said the BMW store in Grapevine would be approximately 300,000 square feet and includes a parking garage with four floors.
It expects sales to each of its two new Dallas area concessions to average 150 to 200 vehicles per month.
Lee Chapman, president of the Association of Dallas-Fort Worth Metropolitan New Car Dealers, said it is unusual for a dealer to earn four new franchises.
ВЂњIt is a credit to Carl and his children, ” said Chapman “They showed manufacturers that they are more than capable of promoting their brands ”.
Luxury vehicles should represent 2 million from a total of 16 9 million new vehicle sales this year in the U S and generate June 20 per cent of net sales industry†depending.
About half of the vehicles sold in a typical luxury dealer go out the door leases and interest rates and residual values holding lease payments said relatively low, companies should remain strong, Jesse Toprak, group president Toprak Consulting in Encino.
ВЂњIt†the perfect storm for luxury brands, ” said Toprak “And as long as these conditions hold, ” they†keep selling more cars.
Sewell said he worked with three manufacturers “quite a while” before landing franchises.
ВЂњWe feel very lucky, ” he said “But this is the growth we need a little time ”.
Sewell to open four car dealerships Germanbrand Cars Dallas News, Sewell opened dealers.