Jay Feldman, chairman and owner of the New Hudson-based Feldman Automotive Group, has acquired McInerney Chrysler Dodge Jeep Ram in Woodhaven. Terms of the transaction were not disclosed.
“We continue to look for opportunities to leverage our sales and marketing values across other brands as a key driver for growth,” Feldman says. “Adding great American brands like Chrysler, Dodge, Jeep, and Ram not only makes sense but it makes us that much stronger.”
The dealership, 23940 Allen Rd., sold 2,600 new and used vehicles at its 38,000-square-foot facility in 2018. Feldman plans to remodel the location.
The acquisition of the dealership is the second by Feldman in less than a year. He entered into a partnership with actor Mark Wahlberg in July to acquire a Chevrolet dealership in Columbus, Ohio.
The Feldman Automotive Group now includes 10 dealerships including six Chevrolet stores. Of these, five are located in Michigan. Feldman also owns a Hyundai dealership in New Hudson, a Kia rooftop in Novi, and a 1-800-PREOWNED dealership in Waterford.
Feldman Automotive sells more than 22,000 new and used vehicles each year. It expects to reach annual sales revenue of more than $1 billion this year and deliver more than 26,000 units.