https://finance.yahoo.com/news/dilawri-group-companies-enters-u-103000323.html
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.
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
This is the forth owner of FOW in the last 13 years ... not a good thing for anyone .. .. they also owned several other Ferrari dealers I wonder if they bought them all or just FOW..
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?
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.
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....
