Tim Lamb Group Navigates Successful Toyota Dealership Sale
Tim Lamb Group Facilitates Sale of Toyota of Warren
In a significant development within the automotive sales industry, the Tim Lamb Group has successfully orchestrated the sale of Toyota of Warren to Rafih Auto Group. This marks yet another landmark achievement for Tim Lamb and his team, who have sold a remarkable 120 dealerships in Ohio alone.
A Bond Built Over Years
The sale of Toyota of Warren stands not only as a transaction but also as a testament to the long-standing relationship between Tim Lamb and the former owners, Jim Whetstone, Joseph Marzullo, and Tim Marburger from Jim Whetstone Auto Group. Their trust in Tim Lamb, developed over nearly two decades, highlights the rapport that has been nurtured since the sale of the very first dealership back in 2007.
Rafih Auto Group’s Expansion
This acquisition is particularly noteworthy for Rafih Auto Group, as it marks their first Toyota dealership in the United States. Under the guidance of Chairman and CEO Terry Rafih, the group has established a reputation for representing a diverse portfolio of over 30 automotive brands, including icons like BMW, Mercedes-Benz, and Porsche. The transition not only signifies an expansion into new territory but also showcases the group's strategic approach to growth in both Canada and the U.S., especially in Michigan and Ohio.
Commitment to Quality Service
The Toyota of Warren facility, a sprawling 25,000 square foot center, is designed to provide comprehensive services, from its showroom to a state-of-the-art parts and service center. With 18 service stalls, the dealership is committed to utilizing only certified OEM Toyota parts, ensuring that customers receive the highest quality of service available. This dedication to customer satisfaction continues to be a defining feature of both Toyota of Warren and Rafih Auto Group.
Team Continuity and Customer Assurance
As part of the acquisition agreement, Rafih Auto Group has committed to retaining the existing employees of Toyota of Warren, providing stability for both the staff and customers. This continuity ensures that the dealership can promptly meet customer needs and maintain the high standards associated with the Toyota brand.
Celebrating Milestones and Future Endeavors
Presented as the 120th dealership sold in Ohio by Tim Lamb Group, this sale carries significant personal meaning for Tim Lamb. He expressed his appreciation for the loyal partnership with Jim Whetstone Auto Group and voiced his enthusiasm about working with Rafih Auto Group moving forward. Such positive relationships are invaluable in the dealership sales process.
About Tim Lamb Group
Founded in 2006, Tim Lamb Group has positioned itself as the premier choice for dealership transactions in North America. Their deep understanding of both dealership retail operations and factory management enables them to successfully navigate the complex landscape of dealership sales and acquisitions. With fifteen regional directors, they manage billions in transactions across the United States and Canada, solidifying their status as the largest firm in this sector.
For more information on Tim Lamb Group and their available dealerships for sale, you can visit their website.
Frequently Asked Questions
What is the significance of the sale of Toyota of Warren?
The sale marks a milestone as the 120th dealership transaction in Ohio for Tim Lamb Group, showcasing their expertise in dealership sales.
Who are the key players in this transaction?
The transaction involved Tim Lamb as the broker, with sellers Jim Whetstone, Joseph Marzullo, and Tim Marburger of Jim Whetstone Auto Group.
What does Rafih Auto Group gain from this acquisition?
Rafih Auto Group gains its first Toyota dealership in the U.S. and expands its portfolio of automotive brands.
How will customer service be impacted post-sale?
The current employees of Toyota of Warren will be retained, ensuring that customer service remains consistent and high-quality after the transition.
Where can I find more information about Tim Lamb Group?
You can find more information about Tim Lamb Group and their services on their official website.
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