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  2. INRange

    INRange F1 Veteran
    Silver Subscribed

    Jan 27, 2014
    6,837
    Virginia
    Full Name:
    JD
    FOW changed hands a few years ago and the new owners brought back track days and events.

    Hopefully these owners are focused on more than selling cars.
     
  3. italiancars

    italiancars F1 Rookie

    Apr 18, 2004
    3,121
    Hershey, PA
    large multi franchise dealer groups usually aren’t.
     
    LARRYH, pilotoCS, 375+ and 1 other person like this.
  4. Ferris Bueller

    Ferris Bueller Formula 3

    Mar 23, 2004
    1,804
    New Jersey
    Full Name:
    Dominic
    The small boutique Ferrari dealerships are a thing of the past. Ever since Bob Segal sold Algar it was evident that these auto aficionados were a dying breed. It’s all about the bottom line now
    Sad but true. I hope Ron Tonkin won’t be next.
    Luckily Algar’s new owner, Bob DiStanislao
    Is a true car guy and good things are yet to come .
    He should of been the new owner years ago when Bob Segal sold but Ferrari politics prevailed at the time
     
  5. LARRYH

    LARRYH F1 Veteran
    Rossa Subscribed Owner

    Jun 3, 2011
    8,107
    virginia usa
    gt1995 likes this.
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  7. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    7,281
    East
    Just FoW and from what I know they got more for that dealership than what they bought the 4 for.
     
  8. LARRYH

    LARRYH F1 Veteran
    Rossa Subscribed Owner

    Jun 3, 2011
    8,107
    virginia usa
    interesting but wonder why....
     
  9. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    7,281
    East
    They all for for roughly $80m and sold FoW for $ $100m. Kind of a no brainer if it were me.
     
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  10. LARRYH

    LARRYH F1 Veteran
    Rossa Subscribed Owner

    Jun 3, 2011
    8,107
    virginia usa
    yeah definitely a no brainer interesting hard to believe it is worth that but what the heck
     
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  12. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    7,281
    East
    I agree, especially considering they didn't own the property.
     
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  13. italiancars

    italiancars F1 Rookie

    Apr 18, 2004
    3,121
    Hershey, PA
    kind of like to see some documentation on that sell price. Paying a premium for a Ferrari franchise is not unheard of, but that is way beyond rational justification, Mega dealer groups tend to be all about dollars and cents not massively overpaying especially not including the land. Maybe to move it out near Moore Cadillac?
     
  14. Gh21631

    Gh21631 F1 Veteran
    Silver Subscribed

    Feb 24, 2011
    7,281
    East
    The existing dealership recently had a very nice renovation done which I doubt they leave anytime soon. In regards to the sale amounts, I can't give anymore detail.
     
  15. LARRYH

    LARRYH F1 Veteran
    Rossa Subscribed Owner

    Jun 3, 2011
    8,107
    virginia usa
    not that nice(ie 100mm)... but if they did not buy the RE hopefully they have a long term lease.. I suspect it was a way for the non US dealership group to get a foot hold in the USA which maybe worth it.. as the dealership is about 10 miles from DC and has some influential customers.... I guess....
     

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